What was the total spent on contract labor for C12 Group 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 Pro |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company spent $499,758 on contract labor in 2021. This figure is part of the operating expenses detailed in the consolidated financial statements.
For a prospective franchisee, understanding the franchisor's expenses, such as contract labor, is crucial for assessing the financial health and stability of the company. It provides insight into how C12 Group allocates its resources and manages its operations. Contract labor might include consultants, specialists, or other outsourced services that C12 Group uses to support its franchise network.
Reviewing these expenses over multiple years, as presented in the financial statements, can reveal trends and potential areas of concern or opportunity. For instance, a significant increase in contract labor expenses could indicate a change in the company's strategy or operational needs. It is important to consider these figures in relation to revenue and other expenses to get a comprehensive view of C12 Group's financial performance.
Therefore, a potential franchisee should analyze these figures in conjunction with other financial data provided in the FDD and consider asking C12 Group about the nature of the contract labor, the reasons for any changes in spending, and how these expenses contribute to the overall support and success of franchisees.