What was the amount of advertising fund contributions for Canopy Lawn Care in 2023?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| ("As Restated") | ("As Restated") | ||||
| Revenue | |||||
| Fencing and rail revenues | $ 2 4,961,275 | $ 2 3,390,797 | $ 1 6,879,944 | ||
| Franchise royalties and fees | 3 1,551,158 | 2 1,471,627 | 1 3,380,514 | ||
| Product sales | 1 1,624,045 | 9 ,875,832 | 8 ,878,823 | ||
| Residential and commercial roofing | 5 ,849,769 | 4 ,131,506 | - | ||
| Window and door installation | 3 ,448,901 | 1 ,058,329 | - | ||
| Franchise fees | 1 2,430,539 | 1 0,807,586 | 5 ,641,473 | ||
| Ancillary | 7 ,854,946 | 5 ,721,908 | 2 ,553,819 | ||
| Advertising fund contributions | 4 ,525,890 | 3 ,075,049 | 2 ,159,470 |
Source: Item 23 — RECEIPT (FDD pages 55–199)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the advertising fund contributions in 2023 were $3,075,049. This figure represents the total amount of contributions collected for the advertising fund during that year.
Advertising funds are commonly used in franchising to promote the brand, products, or services offered by the franchise system. These funds are typically collected from franchisees and managed by the franchisor. The franchisor then uses these funds to conduct advertising and marketing campaigns on behalf of the entire franchise network.
For a prospective Canopy Lawn Care franchisee, understanding the advertising fund contributions is important because it provides insight into the financial resources dedicated to marketing the brand. Franchisees may want to inquire about how these funds are allocated and what types of advertising activities are supported. It's also worth noting that the 2023 figures are 'As Restated,' which may indicate adjustments or revisions to the original financial reporting.