What were the purchases of property and equipment for Bumble Roofing in 2023, as restated?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 ("As Restated") | 2022 ("As Restated") | |
|---|---|---|---|
| Cash Flows from Investing Activities: | |||
| Purchases of property and equipment | (1,054,507) | (1,494,918) | (467,351) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the purchases of property and equipment in 2023, as restated, amounted to $1,494,918. This figure reflects the company's investments in tangible assets like buildings, machinery, vehicles, and other equipment necessary for its operations during that year.
For a prospective Bumble Roofing franchisee, this information provides insight into the capital expenditure patterns of the franchisor. While franchisees will incur their own initial and ongoing expenses, understanding the franchisor's investment in property and equipment can indicate the scale and nature of resources required to support the franchise system. It's important to note that this number reflects the franchisor's expenses and not necessarily the investment that a new franchisee would need to make.
Reviewing these figures in the context of Bumble Roofing's overall financial performance can help potential franchisees assess the company's financial health and investment strategies. It is advisable for prospective franchisees to compare these capital expenditure trends with those of other similar franchise systems to benchmark investment levels and growth patterns. Additionally, they should inquire about the specific types of property and equipment acquired to better understand how these investments contribute to the Bumble Roofing business model.