What was the amount of franchise fees for Canopy Lawn Care in 2024?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
ED STATEMENTS OF INCOME FOR THE YEARS ENDING SEPTEMBER 30, 2024, 2023, AND 2022
| 2024 | 2023 ("As Restated") | 2022 ("As Restated") | |
|---|---|---|---|
| Revenue | |||
| Fencing and rail revenues | $ 24,961,275 | $ 23,390,797 | $ 16,879,944 |
| Franchise royalties and fees | 31,551,158 | 21,471,627 | 13,380,514 |
| Product sales | 11,624,045 | 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 | 12,430,539 | 10,807,586 | 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 |
| 102,246,523 | 79,532,634 | 49,494,043 | |
| Cost of Product Sales | 26,068,176 | 24,051,826 | 16,544,077 |
| Operating Expenses | 45,261,207 | 37,487,987 | 21,404,407 |
| Income from Operations | 30,917,140 | 17,992,821 | 11,545,559 |
| Other Income (Expense) | |||
| Depreciation and amortization | (10,773,355) | (7,910,727) | (5,494,567) |
| Other income | 315,233 | (161,414) | 38,521 |
| (10,458,122) | (8,072,141) | (5,456,046) | |
| Net Income Before Noncontrolling Interest | 20,459,018 | 9,920,680 | 6,089,513 |
| Loss Attributable to Noncontrolling Interest | 176,630 | 120,083 | - |
| Net Income Attributable to Outdoor Living | $ |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 55)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the total franchise fees for all franchise brands under Outdoor Living Brands Holdco LLC was $12,430,539 in 2024. This figure represents the aggregate franchise fees collected across all of OLB's franchise systems, not solely those attributable to Canopy Lawn Care.
It is important to note that Canopy Lawn Care is one of several franchise brands managed by Outdoor Living Brands Holdco LLC. The other brands include Archadeck Outdoor Living, Outdoor Lighting Perspectives, Conserva Irrigation, Superior Fence and Rail, Wallaby Windows, Koala Insulation, Bumble Roofing, and Junk Junk Baby!. The financial performance of Outdoor Living Brands Holdco LLC reflects the combined results of all these franchise systems.
Prospective Canopy Lawn Care franchisees should be aware that the $12,430,539 in franchise fees includes all brands and does not isolate Canopy Lawn Care's specific contribution. To understand the initial and ongoing franchise fees specific to Canopy Lawn Care, a prospective franchisee should refer to Item 5 and Item 6 within the 2025 FDD for a detailed breakdown of these costs. Additionally, they may want to ask the franchisor directly for data on franchise fee revenue specifically attributable to Canopy Lawn Care to better assess the brand's individual performance.