What was the reported revenue from residential and commercial roofing 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 revenue from residential and commercial roofing for 2023 was $4,131,506. This figure is part of the consolidated financial statements for OLB Holdco and its subsidiaries.
This number reflects the revenue generated by Bumble Roofing's company-owned location, Bumble-LA, and potentially some initial revenue from early franchise locations. It's important to note that Bumble Roofing Franchisor, LLC was formed on May 1, 2023, so this revenue likely represents a partial year's performance under the Bumble Roofing brand after its acquisition.
Prospective franchisees should consider this revenue figure as a baseline when evaluating the potential market and revenue opportunities for their own franchise locations. It's essential to conduct thorough market research and analysis to determine the potential for residential and commercial roofing services in their specific territories. Factors such as local demand, competition, and economic conditions can significantly impact revenue potential.
It is also important to note that the provided financial information is "As Restated". This means that the figures have been adjusted, potentially due to changes in accounting practices or the discovery of errors. Franchisees should inquire about the reasons for the restatement to fully understand the financial history of Bumble Roofing.