What was the total amount of 'other operating expenses' for C12 Group in 2022?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
hisee in January 2023. The note is due to be collected through monthly principal payments of $9,640 through January 2025. The note has a balance of $133,107 at December 31, 2023.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, rent expenses under operating leases totaled approximately $124,000 in 2022. This figure reflects the company's costs for leasing office space and equipment during that year. This information is derived from the notes to the consolidated financial statements, specifically addressing operating leases.
For a prospective C12 Group franchisee, understanding the franchisor's operating expenses can provide insight into the financial health and stability of the company. While this specific figure pertains to C12 Group's expenses, it highlights the types of costs that a franchisee might also encounter in running their own C12 Group franchise, such as office space rental. Knowing the franchisor's expenses can help a franchisee better prepare their own financial projections and understand potential costs.
It's important to note that this figure only represents rent expenses under operating leases and does not encompass all 'other operating expenses.' A comprehensive understanding of all operating expenses would require a review of the complete financial statements. Franchisees should request and carefully examine these statements to gain a full picture of the franchisor's financial performance and expense structure.