What was the total value of Canopy Lawn Care's vehicles and equipment as of September 30, 2023?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
t (Continued)
Property and equipment consists of the following at September 30:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Leasehold improvements | $ 2,733,134 | $ 2,295,625 | $ 799,907 |
| Furniture and fixtures | 282,614 | 276,558 | 276,558 |
| Office equipment | 190,411 | 38,506 | 20,273 |
| Vehicles and equipment | 1,949,857 | 1,573,129 | 1,104,812 |
| Computer equipment and |
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 vehicles and equipment was $1,573,129 as of September 30, 2023. This figure represents the historical cost of the vehicles and equipment before any deductions for accumulated depreciation.
For a prospective Canopy Lawn Care franchisee, this number provides insight into the scale of assets the company owns and utilizes in its operations. It can be used as a benchmark to understand the potential investment in similar assets that a franchisee might need to make to run their own Canopy Lawn Care franchise. However, it is important to note that this value reflects the company's overall holdings and not necessarily the specific equipment required for a single franchise location.
It's also important to consider that the value presented is a snapshot in time and does not reflect any subsequent changes in the company's asset base due to purchases, sales, or depreciation. A potential franchisee should inquire about the typical equipment package needed to operate a franchise and the associated costs to get a clearer picture of their potential investment.