What was the reported income from operations for Bumble Roofing in 2023?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
NSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDING SEPTEMBER 30, 2024, 2023, AND 2022
| 2024 | 2023 ("As Restated") | 2022 ("As Restated") | |
|---|---|---|---|
| Revenue | |||
| Fencing and rail revenues | $ 24,961,275 | $ 23,390,797 | $ 16,879,944 |
| Franchise royalties and fees | 31,551,158 | 21,471,627 | 13,380,514 |
| Product sales | 11,624,045 | 9,875,832 | 8,878,823 |
| Residential and commercial roofing | 5,849,769 | 4,131,506 | - |
| Window and door installation | 3,448,901 | 1,058,329 | - |
| Franchise fees | 12,430,539 | 10,807,586 | 5,641,473 |
| Ancillary | 7,854,946 | 5,721,908 | 2,553,819 |
| Advertising fund contributions | 4,525,890 | 3,075,049 | 2,159,470 |
| 102,246,523 | 79,532,634 | 49,494,043 | |
| Cost of Product Sales | 26,068,176 | 24,051,826 | 16,544,077 |
| Operating Expenses | 45,261,207 | 37,487,987 | 21,404,407 |
| Income from Operations | 30,917,140 | 17,992,821 | 11,545,559 |
| Other Income (Expense) | |||
| Depreciation and amortization | (10,773,355) | (7,910,727) | (5,494,567) |
| Other income | 315,233 | (161,414) | 38,521 |
| (10,458,122) | (8,072,141) | (5,456,046) | |
| Net Income Before Noncontrolling Interest | 20,459,018 | 9,920,680 | 6,089,513 |
| Loss Attributable to Noncontrolling Interest | 176,630 | 120,083 | - |
| Net Income Attributable to O |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the reported income from operations in 2023 was $17,992,821. This figure reflects the company's earnings before interest and taxes, providing a view of the core operational profitability of Bumble Roofing during that year.
For a prospective franchisee, this number is an indicator of the financial health and efficiency of Bumble Roofing's business model. A higher income from operations suggests that the company is effectively managing its costs and generating revenue from its primary business activities. It's important to note that this is a consolidated figure, reflecting the overall performance of Outdoor Living Brands and its subsidiaries, including Bumble Roofing.
When evaluating this figure, a potential franchisee should consider the factors that may have influenced Bumble Roofing's performance in 2023, such as market conditions, the number of active franchise locations, and any significant changes in the company's operations. Additionally, it is important to compare this figure to previous years and industry benchmarks to assess the company's growth and competitive position. Reviewing the complete financial statements and notes in Item 21 of the FDD will provide a more comprehensive understanding of Bumble Roofing's financial performance and the factors that may impact a franchisee's potential earnings.