What was the total cost of product sales for 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 | ||
| 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 |
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 cost of product sales for the company in 2022 was $6,544,077. This figure is based on the company's receipts, which have been restated for accuracy.
For a prospective franchisee, understanding the cost of product sales is crucial for assessing the financial health and operational efficiency of Canopy Lawn Care. This number reflects the direct expenses associated with the products Canopy Lawn Care sells, which can include items used in fencing and rail, residential and commercial roofing, and window and door installation services.
Analyzing this cost in relation to the revenue generated from product sales can provide insights into the company's profitability and pricing strategies. A lower cost of product sales relative to revenue typically indicates better efficiency and higher profit margins. Franchisees should compare this figure with industry benchmarks and the performance of other franchisees within the Canopy Lawn Care system to evaluate their potential for success.
It's important to note that these figures are based on Canopy Lawn Care's internal accounting and may be subject to variations in accounting practices. Prospective franchisees should conduct their own due diligence and consult with financial advisors to fully understand the implications of these financial results.