What was the total amount C12 Group spent on Chair Development and Training in 2021?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
embers' Capital | 1,843,880 | 1,312,531 | | Total Liabilities and Members' Capital | $ 3,534,314 | $ 1,840,832 |
Consolidated Statements of Operations and Members' Capital Years Ended December 31, 2022 and 2021
| 2022 | 2021 | |
|---|---|---|
| Revenues: | ||
| Franchise Fees | $ 5,362,125 | $ 4,232,334 |
| Dues - C12 Atlanta | 429,500 | 341,900 |
| International License Fees | 115,917 | 76,750 |
| New Member Registration Fees | 396,775 | 291,525 |
| Merchandise and Promotion | 134,973 | 158,393 |
| Total Revenues | 6,439,290 | 5,100,902 |
| Operating Expenses: | ||
| Curriculum and Kits | 489,001 | 332,582 |
| Contract Labor | 694,667 | 499,758 |
| Bad Debt Expense | 3,000 | - |
| Merchandise | 103,167 | 215,886 |
| Content Production | 94,610 | 34,058 |
| Advertising | 65,169 | 134,466 |
| Service Fees | 73,375 | 58,555 |
| Co-op Marketing | 42,879 | 64,452 |
| Travel and Entertainment | 194,270 | 83,225 |
| Franchise Marketing and Administration | 11,708 | 10,763 |
| New Chair Training | 98,722 | 70,974 |
| Technology | 124,927 | 74,756 |
| Chair Development and Training | 141,774 | 143,041 |
| Miscellaneous Projects | 15,038 | 13 |
| Administration | - | - |
| Chair Services | 90,966 | 103,260 |
| Office and Equipment | 215,986 | 221,670 |
| Staff Development and Training | 97,615 | |
| Board of Directors Expense | 134,206 12,141 | 10,377 |
| Professional Fees and Services | 59,883 | 48,140 |
| Merchant Fees and Bank Charges | 15,828 | 18,063 |
| Salaries and Benefits | 2,900,324 | 2,459,216 |
| Depreciation and Amortization | 101,472 | 57,769 |
| Charitable Contributions | 76,020 | 80,000 |
| Total Operating Expenses | 5,759,133 | 4,818,639 |
| Net Income From Operations | 680,157 | 282,263 |
| Other Income (Expenses) | ||
| Other Income | 7,364 | 763,086 |
| Other Expense | (25,214) | (731,936) |
| Total Other Income (Expenses) | (17,850) | 31,150 |
| Net Income Before State Income Taxes | 662,307 | 313,413 |
| State Income Taxes | 21,440 | 17,113 |
| Net Income |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, in 2021, the company's expenses for Chair Development and Training totaled $143,041. This figure reflects C12 Group's investment in enhancing the skills and knowledge of its Area Chairs, which is crucial for maintaining the quality of service provided to members.
For a prospective franchisee, this indicates the level of support and resources C12 Group dedicates to training and development. While franchisees are responsible for certain costs like travel and lodging for semi-annual training, C12 Group covers the meeting locations and meals. This investment by C12 Group can be seen as a positive sign, suggesting a commitment to the ongoing success and development of its franchise network.
It's important for potential franchisees to consider these figures in the context of the overall financial performance of C12 Group. The expenses for chair development and training are part of the operating expenses, which also include items like curriculum and kits, contract labor, and marketing expenses. Understanding how these expenses contribute to the company's net income can provide a clearer picture of the financial health and stability of the franchise system.