What was the accumulated depreciation and amortization for Bumble Roofing in 2022?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
Equipment (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 software | 162,420 | 143,479 | - |
| Construction in progress | 61,617 | - | - |
| 5,380,053 | 4,327,297 | 2,201,550 | |
| Less: accumulated depreciation and | |||
| amortizati |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the accumulated depreciation and amortization in 2022 was ($248,676). This figure reflects the total depreciation and amortization of the company's assets up to that point in time. Depreciation is the reduction in value of an asset over time, while amortization is the same concept applied to intangible assets.
For a prospective Bumble Roofing franchisee, this number provides insight into the financial management and asset valuation of the company. It is important to note that accumulated depreciation and amortization is a contra-asset account, meaning it reduces the book value of the company's assets. A higher accumulated depreciation and amortization may indicate older assets or aggressive depreciation policies.
It is also important to consider this figure in relation to the company's total assets and revenue. A relatively high accumulated depreciation and amortization compared to total assets may suggest that the company's assets are aging or that the company is using an accelerated depreciation method. Prospective franchisees should consult with a financial advisor to fully understand the implications of this figure for their investment decision. Understanding these figures can help a franchisee assess the financial health and stability of Bumble Roofing.