What was the total value of Bumble Roofing's vehicles and equipment in 2024?
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 total value of vehicles and equipment in 2024 was $1,949,857. This figure represents the company's investment in assets critical for providing roofing services.
For a prospective franchisee, this number indicates the level of capital investment Bumble Roofing has made in its operational infrastructure. It is important to note that this value is before accumulated depreciation, which is a separate line item on the financial statements. The net value, after accounting for depreciation, would be lower.
Reviewing these figures can help a potential franchisee understand the scale of Bumble Roofing's operations and the resources it utilizes. It's a good idea to compare these values with those of other similar franchises to assess whether Bumble Roofing's investment in vehicles and equipment aligns with industry standards and to evaluate the efficiency of their asset management.