What was the total number of Canopy Lawn Care franchised outlets at the start of 2024?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | |
| Franchised | 2023 | 0 | 0 | 0 |
| 2024 | 0 | 37 | +37 | |
| 2022 | 4 | 4 | 0 | |
| Company-Owned(1) | 2023 | 4 | 4 | 0 |
| · · · · · · · · · · · · · · · · · · · | 2024 | 4 | 5 | +1 |
| 2022 | 4 | 4 | 0 | |
| Total Outlets | 2023 | 4 | 4 | 0 |
| 2024 | 4 | 42 | +38 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 52–55)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, at the start of 2024, there were zero franchised outlets. The FDD provides a table outlining the number of franchised outlets, company-owned outlets, and total outlets for the fiscal years 2022, 2023, and 2024. Canopy Lawn Care's fiscal year ends on September 30th.
The table shows that Canopy Lawn Care had 0 franchised outlets at the beginning of 2023 and 0 at the end of 2023. By the end of the 2024 fiscal year, Canopy Lawn Care had 37 franchised outlets.
Prospective franchisees should note the rapid growth in franchised outlets during 2024. This may indicate a relatively new franchise system or a period of significant expansion. It would be prudent for potential franchisees to investigate the reasons behind this growth and assess whether this growth rate is sustainable and beneficial for their investment.