What were the operating lease payments for Bumble Roofing in 2023, as restated?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
IDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDING SEPTEMBER 30, 2024, 2023, AND 2022
| 2024 | 2023 ("As Restated") | 2022 ("As Restated") | |
|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net income | $ 20,459,018 | $ 9,920,680 | $ 6,089,513 |
| Adjustments to reconcile net income | |||
| to net cash provided by operating activities: | |||
| Bad debt expense | 300,531 | 59,046 | 82,201 |
| Depreciation and amortization | 10,773,355 | 7,910,727 | 5,494,567 |
| Lease ex |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the operating lease payments in 2023, as restated, were ($265,181). This figure represents the cash outflow related to Bumble Roofing's lease obligations for office and warehouse spaces during that year.
For a prospective franchisee, understanding the franchisor's lease payment history can provide insight into the company's financial obligations and how they manage their operational costs. While this figure reflects the franchisor's expenses, franchisees should focus on the lease terms they will be responsible for at their specific location.
It's important to note that these payments are related to the franchisor's corporate operations and do not directly reflect the lease obligations a franchisee might incur for their own business location. Franchisees will typically need to secure their own locations and negotiate lease terms independently, which will result in separate and distinct lease payment obligations.