What was the total revenue for Bumper Man in 2022?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
I have audited the accompanying balance sheets of Bumper Man, Inc. (a corporation), which comprise the balance sheet as of December 31, 2024, December 31, 2023 and December 31, 2022 and the related statements of income and retained earnings and cash flows for the years then ended, and the related notes to the financial statements.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with U.S. generally accepted accounting principles; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audit in accordance with U.S. generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, I express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion.
Opinion
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
Based on the 2025 Bumper Man Franchise Disclosure Document, a detailed breakdown of the company's total revenue for 2022 is not explicitly provided. However, the document includes an Independent Auditor's Report that audited the balance sheets as of December 31, 2024, 2023, and 2022, along with the related statements of income and retained earnings and cash flows for those years. This suggests that revenue information is contained within these financial statements, although the specific figures are not disclosed in the provided excerpts.
Furthermore, the notes to the financial statements mention several financial aspects, such as bad debts, related party transactions, and employee retirement plans. For instance, the balance of the reserve for doubtful accounts was $120,787 at December 31, 2022. While this doesn't represent total revenue, it indicates the level of detail available in the full financial statements. The auditor's opinion states that the financial statements present fairly the financial position of Bumper Man, Inc. for the years 2024, 2023, and 2022, implying that a comprehensive income statement, which would include revenue, was part of the audited statements.
For a prospective franchisee, understanding the franchisor's revenue is crucial for assessing the financial health and stability of the company. Since the specific revenue figure for 2022 is not present in this excerpt, it is recommended that a potential Bumper Man franchisee request the full audited financial statements from the franchisor during their due diligence process. This will provide a clearer picture of the company's financial performance and trends.