What was the net value of property and equipment for the C12 Group in 2022?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
dings, and certain internal control related matters that we identified during the audit.
ADKF, P.C. San Antonio, Texas March 25, 2024
ADKF,PC
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THE C12 GROUP, LLC Balance Sheets December 31, 2023 and 2022
| ASSETS | 2023 | 2022 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 1,601,398 | $ 1,015,305 |
| Restricted cash | 239,964 | 918,064 |
| Total cash | 1,841,362 | 1,933,369 |
| Accounts receivable | 592,343 | 535,847 |
| Notes receivable, current portion | 111,967 | B |
| Supply inventory | 209,905 | 169,408 |
| Prepaid expenses | 50,538 | 50,152 |
| Total current assets | 2,806,115 | 2, |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the net property and equipment was valued at $44,414 in 2022. This figure is calculated by taking the original value of office furniture, fixtures, and equipment, which was $76,140 in 2022, and subtracting accumulated depreciation of $31,726.
For a prospective C12 Group franchisee, this indicates the level of investment C12 Group itself makes in physical assets to run its operations. It is a relatively small amount, suggesting that the business model is not capital-intensive in terms of property and equipment. This may mean lower overhead costs for the franchisee as well, since the franchisor's costs are often reflected in fees and royalties.
It is important to note that these figures reflect the financial position of C12 Group itself, and not necessarily the investment required by a franchisee to start their own C12 Group franchise. A prospective franchisee should refer to other sections of the FDD, such as Item 7, to understand their potential initial investment, and should inquire directly with C12 Group about any specific equipment or property they will need to operate their franchise.