What was the merchant fees and service charges expense for C12 Group in 2024?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
ess Imputed Interest | - | 2,690 | | Present value of lease liability | $ | 56,942 |
NOTE E - OTHER OPERATING EXPENSES
Other operating expenses include the following for the years ended December 31:
| _ | 2024 | 2023 | |
|---|---|---|---|
| Franchise administration | $ | 2,418 | $ 9,418 |
| Board |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company's merchant fees and service charges totaled $8,224 in 2024. This figure represents the expenses C12 Group incurred for processing transactions and other service-related costs during that year. For comparison, the merchant fees and service charges in 2023 were $7,938.
Understanding these operational expenses is crucial for prospective franchisees. Merchant fees and service charges can fluctuate based on transaction volume and the types of services utilized by C12 Group. While this particular expense may seem relatively small compared to other line items, it contributes to the overall financial health and profitability of the company.
As a potential franchisee, it would be prudent to inquire about the factors that influence these fees and whether there are strategies in place to manage or reduce them. A detailed understanding of these costs can aid in forecasting potential earnings and assessing the financial stability of C12 Group.