What was the total amount of franchise fees collected by Canopy Lawn Care in 2022?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| ("As Restated") | ("As Restated") | ||||
| Revenue | |||||
| Fencing and rail revenues | $ 2 4,961,275 | $ 2 3,390,797 | $ 1 6,879,944 | ||
| Franchise royalties and fees | 3 1,551,158 | 2 1,471,627 | 1 3,380,514 | ||
| Product sales | 1 1,624,045 | 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 | 1 2,430,539 | 1 0,807,586 | 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 |
Source: Item 23 — RECEIPT (FDD pages 55–199)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the total franchise fees collected in 2022 amounted to $5,641,473. This figure represents the revenue Canopy Lawn Care generated specifically from franchise fees during that year. This number does not include other sources of revenue such as royalties, product sales, or other services.
For a prospective franchisee, this indicates the scale of Canopy Lawn Care's franchise operations and its reliance on initial franchise fees as a revenue stream. A substantial increase in franchise fee revenue year-over-year could signal rapid expansion, while a decrease might suggest challenges in attracting new franchisees. It is important to note that this figure does not reflect the profitability of Canopy Lawn Care, as it does not account for the costs associated with selling and supporting franchises.
Understanding the trend in franchise fee revenue can provide insights into the company's growth trajectory and the overall health of its franchise system. However, prospective franchisees should also consider other financial metrics, such as royalty revenues and operating expenses, to gain a comprehensive understanding of Canopy Lawn Care's financial performance. Additionally, it's crucial to investigate the number of new franchises sold each year to contextualize the franchise fee revenue figures.