What was the reported value of Canopy Lawn Care's leasehold improvements in 2023?

According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the value of leasehold improvements reported for the year 2023 was $2,295,625. This figure represents the investment in improvements made to leased properties used by the company.

Leasehold improvements are enhancements made to a leased space by the tenant. These improvements become the property of the lessor at the end of the lease term. For Canopy Lawn Care, these improvements could include modifications to office spaces or other leased facilities that support their operations. The reported value reflects the cost of these improvements before accounting for depreciation or amortization.

Prospective franchisees should understand that these figures reflect Canopy Lawn Care's corporate financial activities and are not directly indicative of the investment a new franchisee would need to make in their own leasehold improvements. Franchisees should consult the Item 7 of the FDD, which outlines the estimated initial investment, including any leasehold improvement costs they may incur when setting up their franchise location. It is also important to note that the franchisor acquired 60% of Canopy Lawn Care's outstanding equity on June 13, 2023, which may have influenced the reported financial figures for that year.