What was the net operating income for Bumper Man in 2024?
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 operating income for the year 2024 was $1,219,726. This figure represents the earnings of Bumper Man from its core business operations before taking into account other income sources, interest, taxes, and other expenses.
For a prospective franchisee, understanding the franchisor's net operating income can provide insights into the financial health and stability of the company. A consistent and positive net operating income suggests that the franchisor's business model is sustainable and profitable. However, it is essential to consider this figure in conjunction with other financial metrics and industry benchmarks to get a comprehensive view.
It's also worth noting that while the net operating income provides a snapshot of the franchisor's profitability, it does not directly translate into the potential earnings of an individual franchise. A franchisee's success will depend on various factors, including location, market conditions, management skills, and adherence to the Bumper Man franchise system. Therefore, prospective franchisees should conduct thorough due diligence and seek professional advice before making any investment decisions.