What was the total amount of professional fees incurred by 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 incurred $78,539 in professional fees during 2023. This figure is part of the company's other operating expenses.
For a prospective franchisee, understanding the franchisor's expenses can provide insight into the financial management and stability of the C12 Group. Professional fees can include expenses for legal, accounting, or consulting services, which are essential for the proper functioning of the business.
It's also worth noting that the professional fees for C12 Group increased from $59,883 in 2022 to $78,539 in 2023. Reviewing these figures over time can reveal trends and potential areas of increased spending, which may affect the franchisor's financial decisions and, indirectly, the franchisees.