What was the net value of goodwill for C12 Group in 2022?

Based on the 2025 FDD, C12 Group's accounting practices include the amortization of goodwill over a 10-year period, with an expected annual amortization of $11,995 through 2031. The accumulated amortization of goodwill provides insight into the reduction of its value over time. Goodwill represents the cost of assets acquired by C12 Group in excess of their fair value. In 2023, C12 Group sold C12 Atlanta and wrote off $80,862 in goodwill related to that subsidiary.

As of December 31, 2022, the accumulated amortization of goodwill totaled $23,990. This figure represents the cumulative amount of goodwill that has been expensed since the initial acquisition of the assets. To determine the net value of goodwill, one would need to know the original cost of the goodwill and subtract the accumulated amortization. The FDD excerpt does not provide the original cost of the goodwill, so the net value cannot be calculated with the information provided.

For a prospective franchisee, understanding the goodwill and its amortization is important for assessing the financial health and accounting practices of C12 Group. The write-off of goodwill related to C12 Atlanta in 2023 indicates a change in the company's assets and could affect future financial statements. A potential franchisee should inquire about the total amount of goodwill that C12 Group carries on its balance sheet and understand how this goodwill was created through acquisitions. They should also understand the implications of the goodwill amortization on the company's profitability and tax obligations.