What was the total value of Bumble Roofing's 'Member's Equity' in 2022 (as restated)?
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 | $ - | $ 90,140,596 |
| Prior Period Adjustment - Change in Accounting Policy (Note 10) | 26,757 | - | 26,757 |
| Balance, September 30, 2021, as Restated | 90,167,353 | - | 90,167,353 |
| Net Income, as Restated | 6,089,513 | - | 6,089,513 |
| Distributions to Member | (5,078,245) | - | (5,078,245) |
| Contributions from Member | 69,256,426 | - | 69,256,426 |
| Balance, September 30, 2022, as Restated | 160,435,047 | - | 160,435,047 |
| Net Income (Loss), as Restated | 10,040,763 | (120,083) | 9,920,680 |
| Distributions to Member | (17,682,672) | - | (17,682,672) |
| Contributions from Member | 97,115,990 | 200 | 97,116,190 |
| Balance, September 30, 2023, as Restated | 249,909,128 | (119,883) | 249,789,245 |
| Net Income (Loss) | 20,635,648 | (176,630) | 20,459,018 |
| Distributions to Member | (26,088,010) | - | (26, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the company's total Member's Equity as of September 30, 2022, which has been restated, was $160,435,047. This figure represents the equity stake held by the members in Bumble Roofing at that specific point in time.
Member's equity is a crucial indicator of the financial health and stability of Bumble Roofing. It reflects the total investment in the company by its members, plus any accumulated earnings or losses. For prospective franchisees, a higher member's equity generally suggests a more financially robust franchisor.
It is important to note that this value can fluctuate due to several factors, including net income, distributions to members, and contributions from members. For instance, between September 30, 2021, and September 30, 2022, Bumble Roofing saw an increase in Member's Equity from $90,167,353 to $160,435,047, primarily due to net income and contributions from members, offset partially by distributions to members. Understanding these changes can provide insight into the financial management and growth trajectory of Bumble Roofing.
When evaluating a franchise opportunity, potential franchisees should carefully review the franchisor's financial statements, including the Member's Equity, to assess the overall financial stability and performance of the company. It is also advisable to consult with a financial advisor to interpret these figures in the context of the franchise agreement and the franchisee's investment.