What was the total amount of franchise royalties and fees collected by Bumble Roofing in 2022 (as restated)?
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 contrib |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the total franchise royalties and fees collected in 2022 (as restated) amounted to $13,380,514. This figure reflects the income Bumble Roofing received from its franchisees for the rights to operate under the Bumble Roofing brand and utilize its systems.
For a prospective franchisee, this number provides insight into the revenue streams of Bumble Roofing and indicates the scale of the franchise network at that time. It's important to note that this figure does not include other sources of revenue for Bumble Roofing, such as product sales, residential and commercial roofing services, or franchise fees.
Understanding the historical trend of franchise royalties and fees can help potential franchisees assess the growth and stability of the Bumble Roofing franchise system. Comparing this figure to subsequent years, such as 2023 and 2024, can reveal whether the franchise system is expanding and generating more revenue from its franchisees. This information, combined with other financial data, can assist in making an informed investment decision.