What was the total value of Bumble Roofing's 'Inventory' in 2022 (as restated)?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
HOLDCO, LLC CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2024, 2023, AND 2022
ASSETS
| 2024 | 2023 ("As Restated") | 2022 ("As Restated") | |
|---|---|---|---|
| Current Assets | |||
| Cash | $ 2,941,232 | $ 1,737,401 | $ 1,492,295 |
| Royalties and accounts receivable, net | 10,215,595 | 8,416,631 | 5,544,544 |
| Rebates receivable, net | 1,889,160 | 1,815,484 | - |
| Notes receivable | 97,904 | 24,492 | 231,429 |
| Inventory | 3,461,346 | 3,215,098 | 950,753 |
| Prepaid expenses and other | 854,615 | 2,211,50 |
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 the company's inventory in 2022 (as restated) was $950,753. This figure is part of the company's consolidated financial statements, reflecting the total value of raw materials, work in progress, and finished goods that Bumble Roofing held at the end of its 2022 fiscal year. This restated value provides a snapshot of the company's financial health and its ability to meet demand.
For a prospective franchisee, understanding the inventory value is crucial as it can indicate the scale of operations and the efficiency of supply chain management. A higher inventory value might suggest strong sales or potential overstocking, while a lower value could indicate efficient inventory turnover or potential supply shortages. Reviewing these figures over several years, as presented in the FDD, can reveal trends and inform a franchisee's expectations regarding inventory management and associated costs.
It's important to note that this inventory value is a component of the total current assets, which also include cash, receivables, and prepaid expenses. Analyzing the relationship between inventory and other current assets can provide a more comprehensive view of Bumble Roofing's liquidity and short-term financial stability. A potential franchisee should consider these figures in conjunction with other financial metrics to assess the overall financial performance and stability of the franchise system.