In what state did C12 Group have one franchise transfer in 2022?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Colorado | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Delaware | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Virginia | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| Total | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 41–46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, there was one franchise transfer in Virginia during 2022. This information is based on the table summarizing transfers of outlets from franchisees to new owners.
Franchise transfers occur when an existing franchisee sells their franchise to a new owner, subject to the franchisor's approval. This can happen for various reasons, such as the franchisee retiring, pursuing other business ventures, or facing financial difficulties. The number of transfers can be an indicator of the health and stability of the franchise system. A low number of transfers, as seen with C12 Group in 2022, could suggest that franchisees are generally satisfied with their businesses.
For a prospective C12 Group franchisee, understanding the transfer history is important. It provides insight into how often franchisees are selling their businesses and can prompt further investigation into the reasons behind those sales. It's also important to understand the franchisor's policies and procedures regarding franchise transfers, including any fees or requirements that must be met by both the seller and the buyer.