What was the change in inventory, prepaid expenses, and other assets for Bumble Roofing in 2022, as restated?
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") | |
|---|---|---|---|
| Current Assets | |||
| Cash | $ 2,941,232 | $ 1,737,401 | $ 1,492,295 |
| Royalties and accounts receivable, net | 10,215,595 | 8,416,631 | 5,544,544 |
| Rebates receivable, net | 1,889,160 | 1,815,484 | - |
| Notes receivable | 97,904 | 24,492 | 231,429 |
| Inventory | 3,461,346 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, in 2022, the company's inventory saw an increase of $950,753. Prepaid expenses and other assets also increased to $1,436,976.
These figures reflect Bumble Roofing's financial status as restated for 2022. Inventory levels are a key indicator of a company's ability to meet demand, while prepaid expenses and other assets can include items like insurance premiums paid in advance or other investments.
For a prospective franchisee, understanding these figures is crucial for assessing the financial health and operational efficiency of Bumble Roofing. It provides insight into how the company manages its resources and prepares for future obligations. Reviewing these figures in comparison to subsequent years can also reveal trends in the company's financial management.