What was the reported value of Bumble Roofing's franchise agreements as of September 30, 2022?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company's franchise agreements, certain internally developed software, trademarks, and goodwill were assigned fair values based upon appraisals obtained as part of the recapitalizations that occurred in previous years various business acquisitions further discussed in Note 7.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document does not explicitly state the value of Bumble Roofing's franchise agreements as of September 30, 2022. However, the document does include financial statements from that period. Note 9 within Item 21 discusses intangible assets, stating that the company's franchise agreements were assigned fair values based upon appraisals obtained as part of recapitalizations that occurred in previous years and various business acquisitions. The specific value of these agreements as of September 30, 2022, is not disclosed.
To determine the value of Bumble Roofing's franchise agreements as of September 30, 2022, a prospective franchisee should consider asking the franchisor directly for this information. Understanding the valuation of these agreements can provide insight into the financial health and stability of the franchise system.
Additionally, it would be beneficial to inquire about the methodology used to determine the fair values of the franchise agreements. Knowing whether the appraisals were conducted by independent third parties and the factors considered in the valuation process can help a franchisee assess the reasonableness of the reported values. This information is crucial for making an informed investment decision.