How much did C12 Group spend on salaries and benefits in 2024?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
3,449 | | Members' Equity Total Liabilities and Members' Equity | 2,682,453 | 2,689,110 | | | $ 5,446,125 | $ 3,501,390 |
THE C12 GROUP, LLC Statements of Operations Years Ended December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Revenues: | ||
| Franchise fees: | ||
| Continuing fees | $ 6,812,735 | $ 5,935,902 |
| Initial fees | 424,292 | 379,430 |
| International license fees | 302,381 | 196,251 |
| New member registration fees | 458,500 | 465,175 |
| Training fees | 208,676 | 150,266 |
| Merchandise and promotion | 94,810 | 169,815 |
| Dues, Atlanta | :=: | 37,890 |
| Total revenues | 8,301,394 | 7,334,729 |
| Operating Expenses: | ||
| Salaries and benefits | 3,999,631 | 3,206,864 |
| Contract labor | 619,592 | 693,362 |
| Curriculum and kits | 530,221 | 513,885 |
| Staff development and training | 187,798 | 127,432 |
| Chair development and tra |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 C12 Group Franchise Disclosure Document, the company's expenses for salaries and benefits in 2024 totaled $3,999,631. This figure is part of the overall operating expenses detailed in the Statements of Operations. In 2023, C12 Group spent $3,206,864 on salaries and benefits, showing an increase in this area year-over-year.
For a prospective franchisee, understanding C12 Group's operational expenses, including salaries and benefits, provides insight into the financial management and resource allocation of the company. Salaries and benefits are a significant component of operating expenses, reflecting the investment C12 Group makes in its workforce. This information can be useful in evaluating the financial stability and growth potential of the franchise.
Reviewing these figures in comparison to revenue can help potential franchisees assess the efficiency of C12 Group's operations. A rising salary and benefits expense might indicate company growth, increased staffing, or enhanced employee compensation packages. It is important to consider these factors in the context of overall financial performance to understand their implications fully.
It would be prudent for a prospective franchisee to inquire about the details behind these figures, such as the number of employees, types of benefits offered, and the company's compensation strategy. Understanding these details can provide a more comprehensive view of the company's financial health and its approach to human capital management.