What was the total amount of franchise royalties and fees collected by Canopy Lawn Care in 2023?
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 | ||
| 1 02,246,523 | 7 9,532,634 | 4 9,494,043 | |||
| Cost of Product Sales | 2 6,068,176 | 2 4,051,826 | 1 6,544,077 | ||
| 4 5,261,207 | 3 7,487,987 | 2 1,404,407 | |||
| Operating Expenses | |||||
| Income from Operations | 3 0,917,140 | 1 7,992,821 | 1 1,545,559 | ||
| Other Income (Expense) | |||||
| Depreciation and amortization | (10,773,355) | (7,910,727) | (5,494,567) | ||
| Other income | 3 15,233 | (161,414) | 3 8,521 | ||
| (10,458,122) | (8,072,141) | (5,456,046) | |||
| Net Income Before Noncontrolling Interest | 2 0,459,018 | 9 ,920,680 | 6 ,089,513 | ||
| 1 76,630 | 1 20,083 | - | |||
| Loss Attributable to Noncontrolling Interest | |||||
| Net Income Attributable to Outdoor Living | |||||
| Brands Holdco, LLC | $ 2 0,635,648 | $ 1 0,040,763 | $ 6 ,089,513 |
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 amount of franchise royalties and fees collected in 2023 was $1,471,627. This figure represents the income Canopy Lawn Care received from its franchisees in exchange for the use of its brand name, operating systems, and ongoing support.
For a prospective franchisee, this number indicates the financial scale of the franchise system and the revenue Canopy Lawn Care generates from its franchisees. It is important to consider this figure in relation to the total number of franchisees and the individual franchisee's revenue to understand the overall health and profitability of the franchise system.
It is also useful to compare this figure with previous years to identify any trends in royalty and fee collection. In this case, the FDD also provides figures for 2022 and 2024, allowing for a year-over-year comparison. Analyzing these trends can provide insights into the growth and stability of Canopy Lawn Care's franchise operations. Franchisees should also consider how changes to the royalty structure could impact their own profitability.