table_specific

What was the net income for C12 Group as of December 31, 2022?

C12_Group Franchise · 2025 FDD

Answer from 2025 FDD Document

4,677 | 662,307 | | State income taxes | 79,231 | 21,440 | | Net Income | $ 1,125,446 | $ 640,867 | | | | |

THE C12 GROUP, LLC Statements of Changes in Members' Equity Years Ended December 31, 2023 and 2022

Balance at December 31, 2021 $ 1,312,531

Source: Item 22 — CONTRACTS (FDD page 46)

What This Means (2025 FDD)

According to C12 Group's 2025 Franchise Disclosure Document, the net income for the company as of December 31, 2022, was $1,125,446. This figure is part of a table that also shows the balance at December 31, 2021, distributions, and the balance at December 31, 2023.

This information is useful for prospective franchisees as it provides insight into the financial performance of C12 Group. A net income of $1,125,446 suggests that the company was profitable during that period. Reviewing this figure in conjunction with other financial metrics, such as revenue and expenses, can help potential franchisees assess the overall financial health and stability of the franchisor.

It's important to note that past performance is not necessarily indicative of future results. However, understanding the historical financial performance of C12 Group can inform a franchisee's decision-making process and help them evaluate the potential risks and rewards associated with investing in a franchise. Franchisees should also consider other factors, such as market conditions and competition, when assessing the financial viability of a franchise opportunity.

Furthermore, the FDD also includes financial statements audited by Schriver, Carmona & Company, PLLC, indicating that the financial information has been independently verified. This can provide additional assurance to prospective franchisees regarding the accuracy and reliability of the financial data presented.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.