What was the cash balance at the end of the year for Bumble Roofing in 2022?
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 end of 2022 was $1,492,295. This figure represents the total cash on hand that Bumble Roofing had at the close of its fiscal year in 2022.
For a prospective franchisee, this number provides insight into the financial health and liquidity of the franchisor at that time. A strong cash balance can indicate the franchisor's ability to support its franchisees, invest in growth, and weather economic downturns. However, it is important to consider this figure in the context of the company's overall financial performance, including its revenues, expenses, and liabilities.
It is also important to note that the financial statements are presented as "As Restated", which means that the figures may have been adjusted to reflect changes in accounting policies or to correct errors. Franchisees should inquire about the reasons for any restatements and understand their impact on the financial statements. Reviewing the trend in cash balances over multiple years (2022, 2023, and 2024) provides a more comprehensive view of the franchisor's financial stability.