What was the reported revenue for Bumper Man in 2023?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
Shareholders' Distributions | (1,322,970) | (1,497,663) | (1,661,877) | | | Retained Earnings at the End of the Period | | $ 2 ,822,251 | $ 2,910,635 | $ 3,097,098 |
NOTE C: RELATED PARTY TRANSACTIONS
The Company rents office facilities from a related party. During the years ended December 31, 2024, 2023, and 2022, $240,000 was paid to the related party each year.
NOTE D: CONCENTRATION OF CREDIT RISKS
The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insur
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, the document does not explicitly state the total revenue for Bumper Man, Inc. in 2023. However, the financial statements do reference certain figures for 2023. For example, the balance of the reserve for doubtful accounts was $129,645 as of December 31, 2023. Additionally, $240,000 was paid to a related party for office facilities during 2023. These figures provide some insight into the company's financial activities, but not the overall revenue.
As the FDD does not provide a specific revenue figure, a prospective franchisee should directly ask Bumper Man for their revenue figures for 2023. Understanding the franchisor's revenue trends can help a franchisee assess the financial health and stability of the company. This information is crucial for making an informed investment decision.
It is important to note that while the auditor's report states that the financial statements present fairly the financial position of Bumper Man, Inc. as of December 31, 2023, it does not include the specific revenue number. Therefore, potential franchisees should seek clarification from the franchisor to obtain a comprehensive understanding of the company's financial performance.