What was the total value of Bumble Roofing's 'Royalties and accounts receivable, net' 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 total value of 'Royalties and accounts receivable, net' in 2022 (as restated) was $5,544,544. This figure represents the total amount of money Bumble Roofing expected to receive from royalties and accounts, after accounting for any potential uncollectible amounts. This is a key indicator of the company's financial health and its ability to generate revenue from its franchisees.
For a prospective Bumble Roofing franchisee, understanding the royalties and accounts receivable is crucial. It reflects the franchisor's revenue stream from franchisees and can indicate the brand's strength and market presence. A higher number generally suggests a well-established franchise system with consistent revenue generation. However, franchisees should also investigate the methods Bumble Roofing uses to ensure these receivables are collected and what support is provided to franchisees to manage their own accounts receivable.
It's important to note that this figure is 'net,' meaning it already accounts for potential losses from uncollectible accounts. This provides a more realistic view of the income Bumble Roofing anticipates receiving. Franchisees should consider this number in conjunction with other financial metrics to assess the overall financial stability and growth potential of Bumble Roofing. Reviewing trends in this metric over several years, as presented in the table, can offer insights into the consistency and reliability of Bumble Roofing's revenue streams.