What was the total revenue from product sales 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 total revenue from product sales in 2024 was $11,624,045. This figure reflects the revenue generated specifically from the sale of products, as opposed to services, within the Canopy Lawn Care system.
For a prospective franchisee, this number indicates the potential revenue stream that can be derived from product sales. It is important to understand what specific products contribute to this revenue and their associated costs. This information can help a franchisee assess the potential profitability of product sales in their own location.
It's also useful to compare this figure to previous years. In 2023, product sales were $9,875,832, and in 2022, they were $8,878,823. The consistent growth in product sales revenue over these three years suggests a positive trend for Canopy Lawn Care. A potential franchisee should investigate the factors driving this growth and whether these trends are likely to continue.