What was the total value of Bumble Roofing's furniture and fixtures in 2022?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
Equipment (Continued)
Property and equipment consists of the following at September 30:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Leasehold improvements | $ 2,733,134 | $ 2,295,625 | $ 799,907 |
| Furniture and fixtures | 282,614 | 276,558 | 276,558 |
| Office equipment | 190,411 | 38,506 | 20,273 |
| Vehicles and equipment | 1,949,8 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the value of furniture and fixtures in 2022 was $276,558. This figure represents the book value of these assets at a specific point in time, reflecting their original cost less any accumulated depreciation.
For a prospective Bumble Roofing franchisee, this number provides insight into the level of investment the company has made in essential operational items like furniture and fixtures. It can be used as a benchmark when comparing the asset values of Bumble Roofing to other similar companies in the roofing franchise sector.
However, it is important to note that this value is based on historical accounting and may not reflect the current market value or replacement cost of these items. A potential franchisee should consider this when assessing the overall financial health and capital expenditure requirements of Bumble Roofing.