What was the depreciation and amortization expense for Bumble Roofing in 2024?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
NSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDING SEPTEMBER 30, 2024, 2023, AND 2022
| 2024 | 2023 ("As Restated") | 2022 ("As Restated") | |
|---|---|---|---|
| Revenue | |||
| Fencing and rail revenues | $ 24,961,275 | $ 23,390,797 | $ 16,879,944 |
| Franchise royalties and fees | 31,551,158 | 21,471,627 | 13,380,514 |
| Product sales | 11,624,045 | 9,875,832 | 8,878,823 |
| Residential and commercial roofing | 5,849,769 | 4,131,506 | - |
| Window and door installation | 3,448,901 | 1,058,329 | - |
| Franchise fees | 12,430,539 | 10,807,586 | 5,641,473 |
| Ancillary | 7,854,946 | 5,721,908 | 2,553,819 |
| Advertising fund contributions | 4,525,890 | 3,075,049 | 2,159,470 |
| 102,246,523 | 79,532,634 | 49,494,043 | |
| Cost of Product Sales | 26,068,176 | 24,051,826 | 16,544,077 |
| Operating Expenses | 45,261,207 | 37,487,987 | 21,404,407 |
| Income from Operations | 30,917,140 | 17,992,821 | 11,545,559 |
| Other Income (Expense) | |||
| Depreciation and amortization | (10,773,355) | (7,910,727) | (5,494,567) |
| Other income | 315,233 | (161,414) | 38,521 |
| (10,458,122) | (8,072,141) | (5,456,046) | |
| Net Income Before Noncontrolling Interest | 20,459,018 | 9,920,680 | 6,089,513 |
| Loss Attributable to Noncontrolling Interest | 176,630 | 120,083 | - |
| Net Income Attributable to O |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the depreciation and amortization expense for the company in 2024 was $10,773,355. This figure is part of the broader financial statement that includes revenue, cost of product sales, operating expenses, and other income/expense items. Depreciation and amortization are accounting methods used to allocate the cost of tangible assets (like equipment) and intangible assets (like patents) over their useful lives.
For a prospective Bumble Roofing franchisee, understanding depreciation and amortization is crucial for interpreting the financial health of the franchisor. While franchisees do not directly incur these expenses on the franchisor's balance sheet, these figures reflect the capital investments made by Bumble Roofing and how those investments are being accounted for. Higher depreciation and amortization expenses can indicate significant investments in assets that support the franchise system, but it can also impact the net income of the company.
It's important to note that this expense is a non-cash expense, meaning it doesn't represent actual cash outflow during the year. Instead, it reflects the allocation of previously incurred costs. Monitoring this figure over time, as well as comparing it to revenue and other expense items, can provide insights into Bumble Roofing's asset management and profitability trends. Franchisees should consider these trends as part of their due diligence to assess the long-term viability and stability of the franchise system.