What was the net income from operations for C12 Group in 2022?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
embers' Capital | 1,843,880 | 1,312,531 | | Total Liabilities and Members' Capital | $ 3,534,314 | $ 1,840,832 |
Consolidated Statements of Operations and Members' Capital Years Ended December 31, 2022 and 2021
| 2022 | 2021 | |
|---|---|---|
| Revenues: | ||
| Franchise Fees | $ 5,362,125 | $ 4,232,334 |
| Dues - C12 Atlanta | 429,500 | 341,900 |
| International License Fees | 115,917 | 76,750 |
| New Member Registration Fees | 396,775 | 291,525 |
| Merchandise and Promotion | 134,973 | 158,393 |
| Total Revenues | 6,439,290 | 5,100,902 |
| Operating Expenses: | ||
| Curriculum and Kits | 489,001 | 332,582 |
| Contract Labor | 694,667 | 499,758 |
| Bad Debt Expense | 3,000 | - |
| Merchandise | 103,167 | 215,886 |
| Content Production | 94,610 | 34,058 |
| Advertising | 65,169 | 134,466 |
| Service Fees | 73,375 | 58,555 |
| Co-op Marketing | 42,879 | 64,452 |
| Travel and Entertainment | 194,270 | 83,225 |
| Franchise Marketing and Administration | 11,708 | 10,763 |
| New Chair Training | 98,722 | 70,974 |
| Technology | 124,927 | 74,756 |
| Chair Development and Training | 141,774 | 143,041 |
| Miscellaneous Projects | 15,038 | 13 |
| Administration | - | - |
| Chair Services | 90,966 | 103,260 |
| Office and Equipment | 215,986 | 221,670 |
| Staff Development and Training | 97,615 | |
| Board of Directors Expense | 134,206 12,141 | 10,377 |
| Professional Fees and Services | 59,883 | 48,140 |
| Merchant Fees and Bank Charges | 15,828 | 18,063 |
| Salaries and Benefits | 2,900,324 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the net income from operations for the company in 2022 was $680,157. This figure represents the company's earnings from its core business activities before accounting for other income, expenses, and taxes. Understanding the net income from operations can help potential franchisees assess the profitability and financial health of C12 Group's business model.
Specifically, the FDD outlines various revenue streams contributing to this income, such as franchise fees ($5,362,125), dues from C12 Atlanta ($429,500), international license fees ($115,917), and new member registration fees ($396,775). These revenues, combined with smaller amounts from merchandise and promotion ($134,973), totaled $6,439,290 in revenue for 2022.
In contrast, C12 Group had operating expenses totaling $5,759,133. These expenses included costs such as curriculum and kits ($489,001), contract labor ($694,667), merchandise ($103,167), content production ($94,610), advertising ($65,169), and salaries and benefits ($2,900,324). The difference between the total revenues and total operating expenses resulted in the net income from operations of $680,157. A prospective franchisee should analyze these figures to understand the various factors influencing C12 Group's profitability and to project potential earnings.