What was the net income for Bumper Man in 2023?
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 net income for the year 2023 was $1,311,200. This figure represents the profit Bumper Man, Inc. retained after deducting all expenses from its revenue for that year.
For a prospective franchisee, this indicates the financial health and profitability of the franchisor. A consistent history of net income suggests that Bumper Man has a sustainable business model and is capable of managing its finances effectively. This can be a positive sign for potential franchisees, as it implies that the franchisor is stable and can provide the necessary support and resources to its franchisees.
However, it is important to note that the net income of the franchisor does not directly translate to the potential profitability of an individual franchise. A franchisee's success will depend on various factors, including their location, management skills, local market conditions, and adherence to the Bumper Man system. Therefore, while the franchisor's net income is a useful indicator of overall financial health, prospective franchisees should conduct their own due diligence and financial analysis to determine the potential profitability of their own Bumper Man franchise.