What were the total general and administrative expenses for Bumper Man in 2023?
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 company's general and administrative expenses in 2023 were $30,133,163. This figure is part of a broader financial overview that includes revenue and net operating income for the years 2022, 2023 and 2024. Reviewing these expenses can provide insight into the operational costs incurred by Bumper Man.
Understanding the general and administrative expenses is crucial for potential franchisees as it reflects the financial health and operational efficiency of Bumper Man. These expenses typically cover a range of costs, such as salaries, rent, utilities, and other overheads necessary to run the business. A significant change in these expenses from year to year could indicate shifts in the company's operational strategies or market conditions.
Prospective franchisees should analyze these figures in conjunction with revenue and net operating income to assess the profitability and sustainability of the Bumper Man franchise model. Comparing these expenses with those of other similar franchises can also provide a benchmark for evaluating the financial performance of Bumper Man. It is important to consider what factors may have influenced these expenses in 2023 and how they might evolve in the future.