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What were the total operating expenses for C12 Group in 2023?

C12_Group Franchise · 2025 FDD

Answer from 2025 FDD Document

hisee in January 2023. The note is due to be collected through monthly principal payments of $9,640 through January 2025. The note has a balance of $133,107 at December 31, 2023.

Source: Item 22 — CONTRACTS (FDD page 46)

What This Means (2025 FDD)

According to C12 Group's 2025 Franchise Disclosure Document, the company's operating lease expenses totaled approximately $134,000 in 2023. This figure reflects the expenses related to leases for office space and equipment.

Operating leases are a common business practice where a company rents assets (like office space or equipment) instead of purchasing them. The lease expense represents the cost of using these assets over the lease term. For a prospective C12 Group franchisee, understanding these lease expenses can be helpful in projecting their own potential operating costs, particularly if they plan to lease office space or equipment for their franchise.

It's important to note that the $134,000 figure only represents operating lease expenses. It does not include other operating expenses such as salaries, marketing, or administrative costs. A prospective franchisee should review the complete financial statements in the FDD to understand all components of C12 Group's operating expenses and how they might translate to their own business.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.