How much did C12 Group spend on Board of Directors expenses in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
Less imputed interest | 167,342 (1,156) | | Present value of lease liability | $ 166,186 |
NOTE D - OTHER OPERATING EXPENSES
Other operating expenses include the following for the years ended December 31:
| 2023 | 2022 | |
|---|---|---|
| Franchise administration | 9,418 | 1 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company's Board of Directors expenses in 2023 totaled $29,442. This is an increase from 2022, when these expenses were $12,141.
This figure reflects the costs C12 Group incurs for compensating and supporting its Board of Directors. These expenses can include compensation, travel, lodging, meeting costs, and other related items necessary for the board to function and oversee the company's operations. Franchisees should consider this as part of the overall financial health and operational costs of the franchisor.
Understanding the franchisor's expenses, including those related to the Board of Directors, can give potential franchisees insight into how C12 Group manages its finances. Significant fluctuations in these expenses from year to year could indicate changes in the company's governance or strategic direction, which may be relevant to a franchisee's investment decision.