What was the amount of contributions from the member for Bumble Roofing for the year ending September 30, 2022?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
D STATEMENTS OF MEMBER'S EQUITY FOR THE YEARS ENDING SEPTEMBER 30, 2024, 2023, AND 2022
| Consolidated Member's Equity | Noncontrolling Interest | Total Equity | |
|---|---|---|---|
| Balance, September 30, 2021, as Previously Stated | $ 90,140,596 | $ - | $ 90,140,596 |
| Prior Period Adjustment - Change in Accounting Policy (Note 10) | 26,757 | - | 26,757 |
| Balance, September 30, 2021, as Restated | 90,167,353 | - | 90,167,353 |
| Net Income, as Restated | 6,089,513 | - | 6,089,513 |
| Distributions to Member | (5,078,245) | - | (5,078,245) |
| Contributions from Member | 69,256,426 | - | 69,256,426 |
| Balance, September 30, 2022, as Restated | 160,435,047 | - | 160,435,047 |
| Net Income (Loss), as Restated | 10,040,763 | (120,083) | 9,920,680 |
| Distributions to Member | (17,682,672) | - | (17,682,672) |
| Contributions from Member | 97,115,990 | 200 | 97,116,190 |
| Balance, September 30, 2023, as Restated | 249,909,128 | (119,883) | 249,789,245 |
| Net Income (Loss) | 20,635,648 | (176,630) | 20,459,018 |
| Distributions to Member | (26,088,010) | - | (26, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the contributions from the member for the year ending September 30, 2022, amounted to $69,256,426. This figure reflects the financial support provided by the member to Bumble Roofing during that period.
These contributions can be a critical source of funding for the company, especially during its early stages or periods of expansion. For a prospective franchisee, this indicates the level of financial commitment the parent company is willing to make to support the brand's growth and stability. It is important to note that these contributions are distinct from revenues generated from franchise operations or other business activities.
Reviewing the trend of member contributions over several years, as presented in the table, can provide insights into the financial strategy and health of Bumble Roofing. A significant increase in contributions might suggest a period of rapid growth or strategic investment, while a decrease could indicate a shift in financial strategy or improved self-sustainability through operational revenues. Franchisees should consider these trends as part of their due diligence to assess the long-term viability and financial backing of the franchise system.