What were the staff development and training expenses for The C12 Group, LLC 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 | 2,459,216 |
| Depreciation and Amortization | 101,472 | 57,769 |
| Charitable Contributions | 76,020 | 80,000 |
| Total Operating Expenses | 5,759,133 | 4,818,639 |
| Net Income From Operations | 680,157 | 282,263 |
| Other Income (Expenses) | ||
| Other Income | 7,364 | 763,086 |
| Other Expense | (25,214) | (731,936) |
| Total Other Income (Expenses) | (17,850) | 31,150 |
| Net Income Before State Income Taxes | 662,307 | 313,413 |
| State Income Taxes | 21,440 | 17,113 |
| Net Income |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the staff development and training expenses for the company in 2022 are not explicitly listed. However, the document does list the staff development and training expenses for 2021, which amounted to $97,615.
It is important to note that while the 2021 figure is available, the absence of the 2022 figure means prospective franchisees cannot directly compare these expenses across the two years using this document alone. Understanding these costs is crucial for assessing the financial health and operational investments of C12 Group.
For a prospective franchisee, this gap in information highlights the need to conduct thorough due diligence. They should ask C12 Group directly for the staff development and training expenses incurred in 2022 to gain a clearer picture of the company's financial trends and commitment to staff development. This inquiry can provide valuable insights into how C12 Group invests in its personnel and the resources available to support its franchise network.