What was the cash balance at the beginning of the year for Bumble Roofing in 2023?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 ("As Restated") | 2022 ("As Restated") | |
|---|---|---|---|
| Net Change in Cash | 1,203,831 | 245,106 | 858,614 |
| Cash, Beginning of Year | 1,737,401 | 1,492,295 | 633,681 |
| Cash, End of Year | $ 2,941,232 | $ 1,737,401 | $ 1,492,295 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the cash balance at the beginning of 2023 was $1,492,295. This figure represents the total cash on hand that Bumble Roofing had available as it entered the 2023 fiscal year.
For a prospective franchisee, understanding the franchisor's beginning cash balance can provide insight into the financial health and stability of the company. A healthy cash balance suggests that Bumble Roofing has sufficient liquidity to meet its short-term obligations and invest in growth opportunities.
However, it is important to consider this figure in conjunction with other financial metrics, such as revenue, expenses, and liabilities, to gain a comprehensive understanding of Bumble Roofing's financial position. Additionally, franchisees should inquire about how Bumble Roofing manages its cash flow and what strategies it has in place to maintain a healthy cash balance.