What were the total franchise royalties and fees reported for Bumble Roofing in 2022?
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 reported for the year 2022 were $13,380,514. This figure reflects the income Bumble Roofing received from its franchisees in exchange for the right to operate under the Bumble Roofing brand and utilize its system.
For a prospective franchisee, this number provides insight into the revenue generated by Bumble Roofing through its franchise system. It demonstrates the overall financial health and stability of the franchise, as well as the potential for growth. A higher figure generally indicates a more established and successful franchise network.
It's important to note that this figure represents the total royalties and fees collected across the entire Bumble Roofing franchise system. Individual franchisee performance and royalty payments may vary depending on factors such as location, sales volume, and operational efficiency. Therefore, while this aggregate number is useful for assessing the overall franchise, prospective franchisees should also inquire about average franchisee revenue and royalty payments to gain a more complete understanding of the potential financial obligations and returns.