What was the total value of Bumble Roofing's property and equipment, net, in 2022?
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 | 2,211,505 | 1,436,976 |
| Total Current Assets | 19,459,852 | 17,420,611 | 9,655,997 |
| Property and Equipment, Net | 3,998,259 | 3,511,245 | 1,952,874 |
| Other Assets | |||
| Notes receivable, net of current portion | 623,693 | 293,452 | 199,591 |
| Intangibles, net | 237,978,533 | 246,073,099 | 153,303,800 |
| Right-of-use assets | 4,548,121 | 2,972,324 | - |
| Other assets | 37,688 | 28,923 | 28,923 |
| Due from affiliated companies | - | - | 958,379 |
| 243,188,035 | 249,367,798 | 154,490,6 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the total value of property and equipment, net, in 2022 was $1,952,874. This figure represents the depreciated value of Bumble Roofing's assets, including leasehold improvements, furniture, fixtures, office equipment, vehicles, and computer equipment. It reflects the company's investment in physical resources used to operate the business during that year.
For a prospective Bumble Roofing franchisee, understanding the net value of property and equipment can provide insights into the scale of investment required to run a similar operation. While franchisees will likely incur their own costs for property and equipment, this figure offers a benchmark for assessing the capital intensity of the business model. It's important to note that this value is 'as restated,' suggesting potential adjustments or revisions to previously reported figures.
Furthermore, the FDD provides a breakdown of the components contributing to the total property and equipment value. In 2022, these included leasehold improvements ($799,907), furniture and fixtures ($276,558), office equipment ($20,273), and vehicles and equipment ($1,104,812). Accumulated depreciation and amortization were subtracted from the total ($2,201,550) to arrive at the net value of $1,952,874. This level of detail can help potential franchisees understand the types of assets Bumble Roofing utilizes and their relative importance.
Reviewing these figures in conjunction with other financial statement data, such as revenue and expenses, can provide a more comprehensive understanding of Bumble Roofing's financial performance and resource allocation. A prospective franchisee should consider these historical values in the context of their own business plan and investment strategy.