What was the total value of Canopy Lawn Care's inventory in 2022, as restated?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
LLC CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2024, 2023, AND 2022
ASSETS
| 2024 | 2023 ("As Restated") | 2022 ("As Restated") | |
|---|---|---|---|
| Current Assets | |||
| Cash | $ 2,941,232 | $ 1,737,401 | $ 1,492,295 |
| Royalties and accounts receivable, net | 10,215,595 | 8,416,631 | 5,544,544 |
| Rebates receivable, net | 1,889,160 | 1,815,484 | - |
| Notes receivable | 97,904 | 24,492 | 231,429 |
| Inventory | 3,461,346 | 3,215, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 55)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the value of the company's inventory in 2022, as restated, was $950,753. This figure is part of the company's current assets for that year.
Inventory represents the value of materials and supplies Canopy Lawn Care holds for use in its operations. For a prospective franchisee, this indicates the level of investment Canopy Lawn Care has in its operational resources. It's important to note that inventory values can fluctuate based on various factors, including supply chain dynamics, seasonality, and changes in demand.
Understanding the inventory value can help a potential franchisee assess the scale of operations and the resources required to run the business. It's also important to consider how inventory management is handled within the Canopy Lawn Care franchise system, including procurement processes, storage requirements, and potential obsolescence risks.