When is the successor franchise fee due for a Canopy Lawn Care franchise?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Successor Franchise | The greater of $10,000 or 20% of our then-current initial franchise fee. | Upon executing the then-current successor Franchise Agreement | |
| Fee |
Source: Item 6 — OTHER FEES (FDD pages 19–24)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the successor franchise fee is due upon executing the then-current successor Franchise Agreement. The fee is the greater of $10,000 or 20% of the then-current initial franchise fee.
This means that if a franchisee chooses to renew their franchise agreement with Canopy Lawn Care, they will need to pay this fee at the time of signing the new agreement. The actual amount will depend on what the initial franchise fee is at that time, ensuring it is either a flat $10,000 or a percentage tied to the current cost of starting a new franchise.
Franchisees should be aware of this cost when considering renewing their agreement, as it represents a significant investment in continuing their business with Canopy Lawn Care. It is important to factor this fee into long-term financial planning and to understand how the initial franchise fee may change over time, impacting the overall cost of renewal.