For Bumble Roofing, what entity's audited consolidated financial statements are included in Exhibit A of the Franchise Disclosure Document?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit A are the audited consolidated financial statements and supplementary information of Outdoor Living Brands Holdco LLC ("OLB Holdco") for the fiscal year ended September 30, 2024, September 30, 2023 and September 30, 2022. Our fiscal year end is September 30. OLB Holdco has absolutely and unconditionally guarantees our obligations under your Franchise Agreement. See Exhibit I for a copy of the written guarantee.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, Exhibit A contains the audited consolidated financial statements and supplementary information for Outdoor Living Brands Holdco LLC ("OLB Holdco"). The financial statements cover the fiscal years ended September 30, 2024, September 30, 2023, and September 30, 2022.
Prospective Bumble Roofing franchisees should understand that the financial performance reflected in these statements pertains to OLB Holdco, which is the parent company of Bumble Roofing and several other franchise brands. These brands include Archadeck Outdoor Living, Outdoor Lighting Perspectives, Conserva Irrigation, Superior Fence and Rail, Wallaby Windows, Koala Insulation, Canopy Lawn Care, and Junk Junk Baby. The financial statements, therefore, provide a view of the overall financial health and stability of the parent company rather than just Bumble Roofing's individual performance.
OLB Holdco also provides an absolute and unconditional guarantee of Bumble Roofing's obligations under the Franchise Agreement. This guarantee is detailed in Exhibit I of the FDD. This means that OLB Holdco is financially responsible for ensuring that Bumble Roofing meets its commitments to its franchisees. A prospective franchisee should review these consolidated statements carefully to assess the financial strength of OLB Holdco, as this impacts the security of the franchise agreement.
It is important for potential franchisees to consult with a financial advisor to fully understand the implications of the consolidated financial statements and the parent company's guarantee. This will help in evaluating the financial risks and benefits associated with investing in a Bumble Roofing franchise.