What was the total value of Canopy Lawn Care's cash assets in 2022?

According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the company's cash assets totaled $1,492,295 in 2022. This figure is part of the company's overall assets, which also include items like royalties and accounts receivable, rebates receivable, notes receivable, inventory, and prepaid expenses. These assets are categorized as current assets, which totaled $9,655,997 in 2022.

For a prospective franchisee, understanding the franchisor's cash position and asset composition is crucial. A healthy cash balance suggests financial stability and the ability to support franchisees. The cash amount indicates the liquid assets Canopy Lawn Care had readily available to meet its immediate obligations and invest in growth opportunities during that year.

It's also important to note that the 2022 figures have been "as restated," which means Canopy Lawn Care may have made adjustments to previously reported numbers. While restatements are not inherently negative, a potential franchisee should inquire about the reasons for the restatement to ensure transparency and understand any potential implications.

Reviewing the trend of cash assets over the three years (2022-2024) can provide further insights into Canopy Lawn Care's financial management and growth trajectory. Comparing these figures to other similar franchise systems can also help a prospective franchisee assess the relative financial health and stability of Canopy Lawn Care.