Was Bumble Roofing acquired or formed?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
- Bumble Roofing Franchisor, LLC ("Bumble") Formed on May 1, 2023 (Note 7).
- Bumble Roofing of LA, LLC Acquired on May 1, 2023 (Note 7).
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 FDD, Bumble Roofing Franchisor, LLC ("Bumble") was formed on May 1, 2023. Additionally, on the same date, the Company acquired Bumble Roofing of LA, LLC. This information is part of the summary of significant accounting policies related to principles of consolidation and presentation within the financial statements.
This indicates that the Bumble Roofing franchise system has two distinct entities: one that was newly created and one that was acquired. The newly formed entity, Bumble Roofing Franchisor, LLC, is the entity that sells franchises. The acquired entity, Bumble Roofing of LA, LLC, may operate as a corporate-owned location or serve another function within the franchise system.
For a potential franchisee, this distinction may be important for understanding the history and structure of the Bumble Roofing franchise. It is common for franchise systems to grow through a combination of new entity formation and acquisitions of existing businesses. Understanding the roles of each entity can provide insight into the overall business strategy and potential opportunities or challenges.