Is 'Bumble Roofing of LA, LLC' included in the consolidated financial statements?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
The accompanying consolidated financial statements include the accounts of OLB Holdco and its wholly-owned subsidiaries listed below:
- Archadeck Franchisor, LLC ("Archadeck")
- OLB Supply Chain, LLC ("OLB Supply")
- Conserva Irrigation Franchisor, LLC ("Conserva")
- Outdoor Lighting Perspectives Franchisor, LLC ("OLP")
- Superior Fence and Rail Franchisor, LLC ("SFR") Formed on December 15, 2021 (Note 7).
- Superior Fence and Rail of North Florida, LLC ("SFR-NOFL") Acquired on December 15, 2021 (Note 7).
- Koala Insulation, LLC ("Koala") Acquired on April 13, 2023 (Note 7).
- Wallaby Windows Franchisor, LLC ("Wallaby") Formed on April 13, 2023 (Note 7).
- Wallaby Windows of Melbourne, LLC ("Wallaby-Melbourne") Acquired on April 13, 2023 (Note 7).
- Bumble Roofing Franchisor, LLC ("Bumble") Formed on May 1, 2023 (Note 7).
- Bumble Roofing of LA, LLC Acquired on May 1, 2023 (Note 7).
- Canopy Franchise Corporation ("Canopy") Acquired 60% on June 13, 2023 (Note 7).
- JJB Franchisor, LLC ("JJB") Formed to acquire Junk, Junk, Baby! Franchising, LLC and Junk, Junk Baby! IP, LLC on August 31, 2023. This entity was discontinued in 2024 (Note 7).
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the consolidated financial statements include the accounts of OLB Holdco and its wholly-owned subsidiaries. Bumble Roofing of LA, LLC is specifically listed as one of these subsidiaries. This means that the financial performance of Bumble Roofing of LA, LLC is combined with that of the parent company and other subsidiaries to provide an overall financial picture.
For a prospective Bumble Roofing franchisee, this inclusion indicates that the financial statements provide a comprehensive view of the entire organization's financial health, not just the franchisor entity itself. This can be beneficial as it offers insights into the financial stability and performance of related entities, which could indirectly impact the franchise system.
However, it's important to note that consolidated financial statements can sometimes obscure the individual performance of specific entities. While Bumble Roofing of LA, LLC is included, its specific financial contributions or challenges might not be easily discernible from the overall consolidated figures. A potential franchisee should consider asking the franchisor for more detailed financial information about Bumble Roofing of LA, LLC to gain a clearer understanding of its individual performance and how it contributes to the overall financial health of the organization.