What was the interest income for Bumper Man in 2022?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
Equity | 2,838,346 | 2,926,730 | 3,113,193 | | Total Liabilities and Shareholders' Equity | $ 4,174,039 | $ 3,940,777 | $ 4,159,927 |
STATEMENT OF INCOME AND RETAINED EARNINGS
For the Year Ended
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenue | $ 33,190,946 | $ 31,434,336 | $ 28,478,546 |
| General and Administrative Expenses | 31,971,220 | 30,133,163 | 27,103,650 |
| Net Operating Income | 1,219,726 | 1,301,173 | 1,374,896 |
| Other Income | |||
| Interest income | 14,860 | 10,026 | 14,988 |
| Net Income | 1,234,586 | 1,311,200 | 1,389,884 |
| Retained Earnings at the Beginning of the Period | 2 |
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, the company's interest income for the year 2022 was $14,988. This figure is part of the broader financial data presented in the document, offering insight into the company's revenue streams beyond its primary operations.
For a prospective Bumper Man franchisee, understanding the franchisor's financial health and diverse income sources is crucial. Interest income, while typically a smaller portion of overall revenue, can indicate effective cash management and investment strategies. This detail, combined with other financial metrics, helps potential franchisees assess the stability and profitability of Bumper Man.
It's important to note that interest income can fluctuate based on prevailing interest rates and the company's investment decisions. While $14,988 was the figure for 2022, this number may vary in subsequent years. Reviewing trends in interest income over several years, as presented in the FDD, provides a more comprehensive understanding of this income stream's consistency and potential impact on Bumper Man's overall financial performance.