What was the total cash and cash equivalents for C12 Group in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
dings, and certain internal control related matters that we identified during the audit.
ADKF, P.C. San Antonio, Texas March 25, 2024
ADKF,PC
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THE C12 GROUP, LLC Balance Sheets December 31, 2023 and 2022
| ASSETS | 2023 | 2022 | |------------------------------------------
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company's cash and cash equivalents totaled $1,601,398 in 2023. This is an increase compared to 2022, when cash and cash equivalents were $1,015,305. The FDD also lists restricted cash separately, which was $239,964 in 2023. When combining the cash and cash equivalents with the restricted cash, the total cash was $1,841,362 in 2023.
For a prospective C12 Group franchisee, understanding the franchisor's cash position can be important. A healthy cash balance suggests financial stability and the ability to support franchisees. Reviewing these figures over multiple years, as presented in the balance sheets, can reveal trends in the company's financial management.
It's also worth noting that C12 Group maintains cash balances in financial institutions, and at the end of 2023, approximately $139,000 of these balances exceeded the amounts insured by the FDIC. While the company believes the risk of loss is minimal, franchisees should be aware of this concentration of risk. The balance sheets provide a snapshot of the company's assets and liabilities, offering insights into its overall financial health.