How often will a Canopy Lawn Care franchisee receive a financial statement of the Brand Fund?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
An annual un-audited financial statement of the Brand Fund, at the expense of the Brand Fund, will be available 120 days after Franchisor's fiscal year end to Franchisee for review once a year upon request.
Source: Item 22 — CONTRACTS (FDD page 55)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, franchisees are entitled to review an annual unaudited financial statement of the Brand Fund. This statement, prepared at the Brand Fund's expense, becomes available 120 days after Canopy Lawn Care's fiscal year end. Franchisees can request to review this statement once per year.
This provides Canopy Lawn Care franchisees with a degree of transparency regarding how the Brand Fund, which is supported by franchisee contributions, is being managed and utilized. The Brand Fund is used to promote the Canopy Lawn Care system, services, and products, and cannot be used to sell additional franchises.
It is important to note that the financial statement is unaudited, meaning it has not been independently verified by a certified public accountant. While this provides a general overview, franchisees may want to consider the limitations of an unaudited statement when assessing the fund's performance. Franchisees have the right to request this financial statement annually to stay informed about the Brand Fund's financial activities.