What were the franchise royalties and fees for Canopy Lawn Care in 2023 (as restated)?
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, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 55)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the franchise royalties and fees for 2023 (as restated) were $21,471,627. This figure reflects the total amount of royalties and fees collected by Canopy Lawn Care from all of its franchisees during that year.
For a prospective franchisee, this number is an indicator of the revenue Canopy Lawn Care generates from its franchise system. It demonstrates the scale of the franchise network and the overall financial health of the franchise. A higher number suggests a more established and potentially profitable franchise system.
It is important to note that this figure does not represent the royalties and fees paid by an individual franchisee. The royalties and fees paid by individual franchisees typically range from 1.5% to 6.5% of a franchisee's monthly revenues. This $21,471,627 represents the aggregate amount collected from all franchisees in the Canopy Lawn Care system.