What was the total member's equity for Canopy Lawn Care in 2024?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
ENTS OF MEMBER'S EQUITY FOR THE YEARS ENDING SEPTEMBER 30, 2024, 2023, AND 2022
| Consolidated Member's Equity | Noncontrolling Interest | Total Equity | |
|---|---|---|---|
| Balance, September 30, 2021, as Previously Stated | $ 90,140,596 | $ |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 55)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the consolidated member's equity as of September 30, 2024, was $244,456,766. This figure represents the cumulative investment and earnings attributable to the members of Outdoor Living Brands Holdco, LLC, which is the parent company of Canopy Lawn Care. It reflects the total assets minus total liabilities, representing the ownership stake of the members in the company.
It is important to note that this equity is consolidated, meaning it includes the equity of Outdoor Living Brands Holdco, LLC and its wholly-owned subsidiaries. The noncontrolling interest, which represents the portion of equity in subsidiaries not wholly owned by the parent company, was a deficit of $296,513 as of the same date. Therefore, the total equity, including the noncontrolling interest, was $244,160,253.
For a prospective Canopy Lawn Care franchisee, this information provides insight into the financial stability and overall capitalization of the parent company. A strong equity position generally indicates a financially healthy franchisor, which can be beneficial in terms of support, resources, and long-term viability. However, it is essential to consider these figures in conjunction with other financial metrics and qualitative factors when evaluating the franchise opportunity.