What was the total shareholders' equity for Bumper Man in 2023?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| Other Assets | | | | | Notes receivable and other | 69,620 | 81,777 | 55,160 | | Total Assets | $ 4,174,039 | $ 3,940,777 | $ 4,159,927 |
BALANCE SHEET
LIABILITIES AND SHAREHOLDERS' EQUITY
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current Liabilities | |||
| Accounts payable | $ 836,291 | $ 651,793 | $ 616,781 |
| Accrued expenses | 499,402 | 362,254 | 429,953 |
| 1,335,693 | 1,014,047 | 1,046,734 | |
| Shareholders' Equity | |||
| Common stock, par value $0.01 per share, | |||
| authorized 100,000 shares, 1,000 shares | |||
| issued and 92 shares outstanding | 10 | 10 | 10 |
| Treasury Stock | (1,000) | (1,000) | (1,000) |
| Additional paid-in capital | 17,085 | 17,085 | 17,085 |
| Retained earni |
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, the total shareholders' equity in 2023 was $2,926,730. This figure represents the net worth of Bumper Man, Inc. from the perspective of its shareholders, calculated by subtracting total liabilities from total assets. It includes common stock, treasury stock, additional paid-in capital, and retained earnings.
For a prospective franchisee, the shareholders' equity can be an indicator of the financial stability and overall health of Bumper Man. A higher equity suggests that the company has a strong financial foundation and is less reliant on debt. This can be reassuring for franchisees who are considering investing in the brand, as it implies that Bumper Man is better positioned to support its franchisees and navigate economic challenges.
It's important to note that while a healthy shareholders' equity is a positive sign, it should be evaluated in conjunction with other financial metrics and industry benchmarks. Prospective franchisees should also consider Bumper Man's trends in revenue, profitability, and cash flow to gain a comprehensive understanding of the company's financial performance. Reviewing these figures over several years, as presented in the table, provides a more insightful view than a single year's data alone.
Ultimately, understanding Bumper Man's financial position, including its shareholders' equity, is a crucial part of the due diligence process for any potential franchisee. Consulting with a financial advisor can help in interpreting these figures and assessing the overall risk and reward associated with investing in a Bumper Man franchise.