What was the net goodwill for the C12 Group in 2021?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of The C12 Group, LLC (a Texas limited liability company) and subsidiary which comprise the consolidated balance sheets as of December 31, 2022 and 2021, and the related consolidated statements of operations and members' capital, and cash flows for the years then ended, and the related notes to the consolidated financial statements.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of The C12 Group, LLC and subsidiary as of December 31, 2022 and 2021, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the net goodwill for C12 Group in 2021 is not explicitly stated. While the consolidated balance sheets as of December 31, 2022 and 2021 are mentioned, along with the independent auditor's report, the specific value of goodwill is not disclosed in the provided excerpts. The auditor's report confirms that the financial statements present fairly the financial position of The C12 Group, LLC, but it does not break down specific asset categories like goodwill.
To ascertain the net goodwill for 2021, a prospective franchisee should carefully review the complete audited financial statements included in the FDD. These statements would provide a detailed breakdown of assets, liabilities, and equity, including intangible assets like goodwill. Understanding the goodwill figure can be important for assessing the overall financial health and stability of C12 Group.
It would be prudent for potential franchisees to consult with a financial advisor or accountant to properly interpret the financial statements and understand the implications of goodwill on the company's valuation and future performance. This due diligence will aid in making an informed decision about investing in a C12 Group franchise.