What were the general and administrative expenses for Bumper Man in 2022?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenue | $3 3,190,946 | $3 1,434,336 | $2 8,478,546 |
| General and Administrative Expenses | 3 1,971,220 | 30,133,163 | 27,103,650 |
| Net Operating Income | 1 ,219,726 | 1 ,301,173 | 1 ,374,896 |
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, the general and administrative expenses for the company in 2022 were $27,103,650. This figure is part of a larger financial overview that includes revenue and net operating income for the same period. These expenses are a key indicator of the overhead costs associated with running the Bumper Man franchise system.
For a prospective franchisee, understanding the general and administrative expenses of the franchisor is crucial. It provides insight into how Bumper Man manages its corporate operations and support systems. High general and administrative expenses could indicate inefficiencies or extensive investment in support infrastructure, both of which could affect the services and resources available to franchisees.
Reviewing these expenses in relation to revenue and net operating income helps potential franchisees assess the financial health and stability of Bumper Man. A consistent trend in these figures over the three years presented (2022-2024) can offer a clearer picture of the franchisor's financial management and its potential impact on the franchise system. It is important to compare these figures with industry benchmarks to determine if Bumper Man's expenses are reasonable and well-managed.