Does Bumble Roofing provide services to residential clients?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
- Bumble Roofing franchises provide roofing replacement, repair, and inspection services for residential clients and commercial clients.
Residential and Commercial Roofing
Bumble-LA's residential roofing contracts generally include a single performance obligation for which revenue is recognized over time, as performance obligations are satisfied, due to the continuous transfer of control to the customer. Residential roofing contracts are normally completed in one to five days. These contracts seldom have multiple performance obligations or variable consideration. The contract liability "customer deposits" represents funds received from customers before the residential roofing contract has commenced. Customers are billed upon contract completion.
Bumble-LA's commercial roofing services are provided through discrete project agreements. The contracts are awarded on a competitively bid and negotiated basis. The Company's contracts generally include a single performance obligation for which revenue is recognized over time, as performance obligations are satisfied, due to the continuous transfer of control to the customer. For cost-plus fee contracts, the Company recognizes revenue when services are performed and contractually billable based upon the hours incurred and agreed-upon hourly rates as well as subcontractor costs and materials cost. Revenue on fixed-price contracts is recognized and invoiced over time using the cost-to-cost percentage-of-completion method.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 FDD, Bumble Roofing franchises offer roofing replacement, repair, and inspection services to both residential and commercial clients. This means a franchisee can serve a diverse customer base, potentially leading to a more stable revenue stream.
Specifically, Bumble Roofing's residential roofing contracts typically involve a single performance obligation, with revenue recognized over time as the work progresses. These projects are usually completed within one to five days. Billing occurs upon completion of the contract.
Bumble Roofing also engages in commercial roofing services through discrete project agreements, often secured through competitive bidding. Similar to residential projects, revenue is recognized over time as the work is performed. For cost-plus fee contracts, revenue is recognized when services are performed and billable, based on hourly rates, subcontractor costs, and materials. Revenue on fixed-price contracts is recognized and invoiced over time using the cost-to-cost percentage-of-completion method.