What was the total spent on professional fees and services for C12 Group in 2022?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
Less imputed interest | 167,342 (1,156) | | Present value of lease liability | $ 166,186 |
NOTE D - OTHER OPERATING EXPENSES
Other operating expenses include the following for the years ended December 31:
| 2023 | 2022 | |
|---|---|---|
| Franchise administration | 9,418 | 1 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, C12 Group's expenses for professional fees and services totaled $59,883 in 2022. This figure reflects the costs C12 Group incurred for services provided by outside professionals, such as accountants, lawyers, or consultants.
For a prospective franchisee, understanding these expenses is crucial as it provides insight into the operational costs borne by C12 Group. While franchisees do not directly pay these expenses, they reflect the financial health and operational decisions of the franchisor, which can indirectly affect the support and resources available to franchisees. Monitoring these expenses can also indicate how C12 Group manages its finances and whether it is investing in professional expertise to improve its systems and support for franchisees.
Franchisees should consider this figure in the context of C12 Group's overall financial performance. A significant increase in professional fees and services might indicate specific challenges or strategic shifts within the company. Therefore, it is advisable for potential franchisees to inquire about the nature of these professional fees and how they contribute to the overall value and support provided to the franchise network.