What was the total amount of professional fees for C12 Group in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
Less imputed interest | 167,342 (1,156) | | Present value of lease liability | $ 166,186 |
NOTE D - OTHER OPERATING EXPENSES
Other operating expenses include the following for the years ended December 31:
| 2023 | 2022 | |
|---|---|---|
| Franchise administration | 9,418 | 1 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company's professional fees totaled $78,539 in 2023. This figure is part of the company's other operating expenses, which totaled $125,337 for the same year.
Professional fees represent payments for services provided by external professionals, such as accountants, lawyers, or consultants. These fees are a normal part of operating a business and can fluctuate from year to year based on the specific needs of the company.
For a prospective C12 Group franchisee, understanding these expenses at the corporate level can provide insight into the types of ongoing costs they might encounter as part of their own franchise operations. While franchisees will have their own professional fee obligations, this gives a sense of the scale of such expenses within the C12 Group system.