What were the total long-term liabilities for C12 Group in 2024?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
ortion | - | 13,356 | | Deposits | 161,353 | 17,653 | | Total other assets | 654,179 | 661,738 | | Total Assets | $ 5,446,125 | $ 3,501,390 |
THE C12 GROUP, LLC Balance Sheets December 31, 2024 and 2023
| LIABILITIES AND MEMBERS' EQUITY | 2024 | 2023 |
|---|---|---|
| Current Liabilities: Accounts payable Accrued liabilities Unearned revenue Operating lease liabilities, current portion Total current liabilities | $ 362,289 | $ 259,919 |
| 222,289 | 147,458 | |
| 1,899,383 | 238,717 | |
| 38,158 | 132,737 | |
| 2,522,119 | 778,831 | |
| Long-Term Liabilities: Long-term incentive plan Operating lease liabilities, |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company's total long-term liabilities in 2024 amounted to $241,553. This figure is composed of two specific liabilities: a long-term incentive plan liability of $222,769 and operating lease liabilities (less the current portion) of $18,784.
For a prospective C12 Group franchisee, understanding the franchisor's liabilities can provide insight into the financial stability and obligations of the company. Long-term liabilities represent financial obligations that C12 Group is expected to meet beyond the next year. These liabilities can impact the franchisor's ability to invest in growth, support franchisees, or adapt to changing market conditions.
The long-term incentive plan suggests that C12 Group has committed to providing incentives to its executive leadership team over an extended period, which could align the interests of the executives with the long-term success of the company. The operating lease liabilities, net of the current portion, reflect C12 Group's obligations for leased properties or equipment beyond the upcoming year. Reviewing these figures in comparison to previous years and alongside C12 Group's assets and revenue can offer a more comprehensive view of the company's financial health.
It is important for potential franchisees to consult with a financial advisor to fully understand the implications of C12 Group's liabilities and how they might affect the franchise system's stability and future prospects. This analysis should be part of a thorough due diligence process before making a franchise investment.