What was the total equity for Bumble Roofing as of September 30, 2024?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
D STATEMENTS OF MEMBER'S EQUITY FOR THE YEARS ENDING SEPTEMBER 30, 2024, 2023, AND 2022
| Consolidated Member's Equity | Noncontrolling Interest | Total Equity | |
|---|---|---|---|
| Balance, September 30, 2021, as Previously Stated | $ 90,140,596 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the total equity as of September 30, 2024, was $244,160,253. This figure represents the sum of the consolidated member's equity of $244,456,766 and a noncontrolling interest of $ (296,513).
Understanding the equity position of a franchisor like Bumble Roofing is crucial for potential franchisees. It provides insight into the financial stability and overall health of the company. A strong equity position generally indicates that the franchisor has a solid foundation and is better positioned to support its franchisees.
However, it's important to note that this equity figure is part of the consolidated financial statements of Outdoor Living Brands Holdco, LLC, which includes multiple franchise brands in addition to Bumble Roofing. Therefore, while the figure provides an overview of the parent company's financial health, it does not isolate the financial performance of Bumble Roofing itself. Prospective franchisees should consider this in their due diligence and seek further information about Bumble Roofing's individual financial performance to gain a more complete understanding.