What was the cash at the beginning of the year for Bumble Roofing in 2024?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
HOLDCO, LLC CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2024, 2023, AND 2022
ASSETS
| 2024 | 2023 ("As Restated") | 2022 ("As Restated") |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the cash at the beginning of the year, specifically September 30, 2024, was $1,737,401. This figure represents the total cash reserves the company had on hand at the start of its fiscal year 2024.
For a prospective franchisee, this number provides insight into the financial health and liquidity of Bumble Roofing. A strong cash position at the beginning of the year suggests that the company has sufficient funds to cover its immediate obligations and invest in growth opportunities. It also indicates the company's ability to support its franchisees and manage unexpected expenses.
It is important to note that this cash balance is just one aspect of the company's overall financial picture. A potential franchisee should also consider other factors such as revenue, expenses, assets, and liabilities to get a comprehensive understanding of Bumble Roofing's financial stability and performance. Reviewing the complete financial statements and consulting with a financial advisor is recommended to make an informed investment decision.