What was the total value of Canopy Lawn Care's rebates receivable, net, in 2024?
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 |
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 value of rebates receivable, net, for the year 2024 was $1,889,160. This figure represents the amount of rebates that Canopy Lawn Care expects to receive from vendors or suppliers, net of any allowances for doubtful accounts. Rebates receivable are considered current assets, reflecting their expected conversion to cash within one year.
For a prospective Canopy Lawn Care franchisee, understanding the rebates receivable is important because it reflects a portion of the company's anticipated income. These rebates can improve Canopy Lawn Care's overall financial health, potentially leading to better support and resources for franchisees. Monitoring this figure over time can also provide insights into the company's purchasing power and vendor relationships.
It's worth noting that the rebates receivable are 'net,' meaning they account for any potential uncollectible amounts. This provides a more realistic view of the value Canopy Lawn Care expects to realize. Reviewing the trend of rebates receivable over the years (2022-2024) can give a franchisee a sense of the stability and growth of this aspect of Canopy Lawn Care's finances.