What was the total revenue for Canopy Lawn Care in 2024?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
ED STATEMENTS OF INCOME FOR THE YEARS ENDING SEPTEMBER 30, 2024, 2023, AND 2022
| 2024 | 2023 ("As Restated") | 2022 ("As Restated") | |
|---|---|---|---|
| Revenue | |||
| Fencing and rail revenues | $ 24,961,275 | $ 23,390,797 | $ 16,879,944 |
| Franchise royalties and fees | 31,551,158 | 21,471,627 | 13,380,514 |
| Product sales | 11,624,045 | 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 | 12,430,539 | 10,807,586 | 5,641,473 |
| Ancillary | 7,854,946 | 5,721,908 | 2,553,819 |
| Advertising fund contributions |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 55)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the brand is part of Outdoor Living Brands (OLB) Holdco, LLC, which includes several franchise brands. The document provides a consolidated financial statement that includes revenue for various segments, but not specifically for Canopy Lawn Care. The total revenue for OLB Holdco, LLC in 2024 was $102,246,523.
It is important to note that this figure represents the combined revenue from all franchise brands under OLB Holdco, LLC, including fencing and rail, franchise royalties and fees, product sales, residential and commercial roofing, window and door installation, franchise fees, ancillary services, and advertising fund contributions. The FDD does not break out the individual revenue contribution of Canopy Lawn Care.
A prospective franchisee of Canopy Lawn Care should be aware that the financial statements provided in the FDD reflect the overall performance of the parent company and its various brands. To gain a clear understanding of the potential revenue and financial performance of a Canopy Lawn Care franchise, it is essential to request specific financial performance representations (FPRs) or speak with existing franchisees to gather more targeted information.