What is the total amount of Bumble Roofing's gross operating lease liabilities?

According to Bumble Roofing's 2025 Franchise Disclosure Document, the company's gross operating lease liabilities amount to $6,456,166. This figure represents the total undiscounted amount of future lease payments that Bumble Roofing is obligated to make under its operating lease agreements as of September 30, 2024. These leases primarily pertain to office and warehouse spaces utilized by the company.

However, the present value of these lease liabilities, after applying a discount to reflect the time value of money, is $5,641,412. The present value is calculated by discounting the future lease payments using an appropriate interest rate. The difference between the gross operating lease liabilities and the present value represents the total discount applied, which is $814,754.

The current portion of the operating lease liabilities, representing the amount due within one year, is $965,045. The long-term operating lease liabilities, which are the obligations extending beyond one year, amount to $4,676,367. These figures provide a breakdown of Bumble Roofing's lease obligations, distinguishing between short-term and long-term commitments.

For a prospective Bumble Roofing franchisee, understanding these lease obligations is crucial as it provides insight into the company's financial commitments related to its leased properties. While these figures reflect the obligations of the franchisor, it is important for franchisees to understand the lease obligations they may incur when establishing their own locations. Franchisees should consult with Bumble Roofing to understand what their potential lease obligations may be.