What was the net income for C12 Group as of December 31, 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 training | 481,081 | 402,591 |
| Recruiting expenses | 106,230 | 229,383 |
| Chair services | 80,855 | 64,356 |
| New chair training | 111,210 | 113,517 |
| International markets | 98,908 | 111,041 |
| Business travel | 220,151 | 176,139 |
| Technology | 176,936 | 162,582 |
| Merchandise | 27,385 | 91,142 |
| Content production | 68,526 | 46,121 |
| Office expenses | 279,219 | 235,988 |
| Advertising | 261,415 | 185,953 |
| Depreciation and amortization | 145,909 | 115,318 |
| Charitable contributions | 109,616 | 124,198 |
| Other operating expenses | 123,305 | 125,337 |
| Total operating expenses | 7,627,988 | 6,725,209 |
| Income from Operations | 673,406 | 609,520 |
| Other income (expenses): | ||
| Conference revenue, net of expenses of $0 and $1,218,944 | = | 285,555 |
| Interest income | 109,126 | 32,477 |
| Gain on sale of subsidiary | := | 276,066 |
| Other | (105,888) | 1,059 |
| Other income (expenses), net | 3,238 | 595,157 |
| Income before state income taxes | 676,644 | 1,204,677 |
| State income taxes | 26,630 | 79,231 |
| Net Income | $ 650,014 | $ 1,125,446 |
THE C12 GROUP, LLC Statements of Changes in Members' Equity Years Ended December 31, 2024 and 2023
| Balance at D
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, 2023, was $1,125,446. This figure is part of a table detailing changes in members' equity over time. The table also shows the balance at December 31, 2022, net income, distributions, and the balance at December 31, 2023.
For a prospective franchisee, this net income figure provides insight into the financial performance of C12 Group. A substantial net income suggests that the company is profitable and potentially well-managed. It's a key indicator of the company's overall financial health and stability.
However, it is important to consider this figure in the context of other financial data provided in the FDD, such as revenue, expenses, and liabilities, to get a comprehensive understanding of C12 Group's financial situation. Additionally, prospective franchisees should compare this net income to previous years to identify any trends or fluctuations in profitability. Reviewing the distributions made to members is also important, as these distributions can impact the company's retained earnings and future growth potential.
It is also important to note that past financial performance is not necessarily indicative of future results. Prospective franchisees should conduct their own due diligence and consult with financial advisors to assess the potential risks and rewards of investing in a C12 Group franchise.