What was the total amount of lease payments for C12 Group as of December 31, 2022?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
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Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the total lease payments for the company as of December 31, 2022, were $296,342. After deducting interest of $208, the present value of lease liabilities was $296,134. This information is derived from the notes to the consolidated financial statements.
For a prospective C12 Group franchisee, understanding the company's lease obligations can provide insight into its financial health and stability. Knowing the total lease payments helps assess the company's fixed costs and its ability to manage its financial obligations. This can be a useful benchmark when evaluating the franchisor's financial performance.
It's important to note that these figures represent the company's obligations for office space and equipment leases. As a potential franchisee, it would be prudent to inquire about the nature of these leases, their terms, and any potential future lease obligations that may impact the company's financial statements. Understanding the details behind these lease agreements can provide a more comprehensive view of C12 Group's financial commitments.