Section I – Estimated initial investment (franchise costs) for a Bumble Roofing franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Bumble Roofing franchise, based on Items 5 and 6 of the company’s 2023 FDD
Section III – Number of franchised and company-owned Bumble Roofing outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD
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Section V – Presentation and analysis of Bumble Roofing’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:
- 2022 average, median, maximum, and minimum revenue per project for the 196 projects completed by the affiliate-owned Bumble Roofing unit that has operated for at least 12 months and that operated for the full duration of the reporting period January 1, 2022 through December 31, 2022
- 2022 revenue from roofing services, cost of labor, cost of materials, gross profit, operating expenses, and revenue less disclosed expenses for the affiliate-owned Bumble Roofing unit that has operated for at least 12 months and that operated for the full duration of the reporting period January 1, 2022 through December 31, 2022
- 2020, 2021, 2022, and six months ending June 30, 2023 revenue from roofing services for the affiliate-owned Bumble Roofing unit that has operated for at least 12 months and that operated for the full duration of the reporting period January 1, 2022 through December 31, 2022
Section VI – Key ratios, comparables, computations, and analyses for the Bumble Roofing franchise opportunity (exclusive content for Platinum subscribers)
Section I – Bumble Roofing Franchise Costs
- Bumble Roofing franchise costs, based on Item 7 of the company’s 2023 FDD:
- Initial Franchise Fee: $49,500
- Travel and Living Expenses While Training: $2,000 to $5,000
- Equipment and Vehicles: $11,598 to $79,434
- Online Training with National Roofing Contractors Association: $250
- GPS Tracking Systems: $150 to $400
- Insurance: $2,000 to $10,000
- Computer, Phone, and Technology Systems: $3,000 to $6,000
- Professional Fees: $1,000 to $5,000
- Office Related Expenses: $500 to $1,250
- Local Software Setup Fee: $0 to $2,000
- Custom Marketing and Services Activation Fee: $5,000
- Software Implementation Assistance Fee: $2,500
- Business Licenses and Permits: $2,000 to $10,000
- Opening Advertising/Marketing: $20,000
- Advertising/Marketing (Ongoing): $14,000
- Additional Funds – 3 Months: $50,000
- Total Estimated Bumble Roofing Franchise Costs: $163,498 to $260,334
Section II – Bumble Roofing’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Bumble Roofing’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Initial Franchise Fee: $49,500
- Royalty Fee: 6.5% of Gross Revenues during the first 6 months of operations; beginning at month 7 of operations, the greater of 6.5% of Gross Revenues or the required Minimum Royalty
- Individual Advertising Investment: the greater of $3,500 or 5% of Gross Revenues per month, plus advertising agency management fees (beginning the month prior to opening)
- Opening Advertising (initial six months): minimum of $5,000 per month for the month prior to opening and five months after opening
- National Branding and Marketing Fee: currently 1% of Gross Revenues per month; maximum of 2% of Gross Revenues per month
Section III – Number of Franchised and Company-Owned Bumble Roofing Outlets
Franchised
2020
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2021
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- Outlets at the End of the Year: 0
- Net Change: 0
2022
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
Company-Owned
2020
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 1
- Net Change: +1
2021
- Outlets at the Start of the Year: 1
- Outlets at the End of the Year: 1
- Net Change: 0
2022
- Outlets at the Start of the Year: 1
- Outlets at the End of the Year: 1
- Net Change: 0
Section IV – News Updates on the Bumble Roofing Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Bumble Roofing Franchise (Item 19, 2023 FDD)
- Unless otherwise explained below, these financial performance representations disclose historical information for the affiliate-owned Roofing Business that has operated for at least 12 months and that operated for the full duration of the reporting period January 1, 2022 through December 31, 2022.
- Additional information is provided for reporting period January 1, 2023 through June 2023. These financial performance representations are for the outlet owned and operated by Bumble Roofing’s affiliate in Los Angeles, CA which opened in June 2020 (the “Affiliate Unit”).
- The Affiliate included in this financial performance representation offers services that you may not be authorized to use under the terms of your Franchise Agreement. However, Bumble Roofing excluded data from those and other services from this financial performance representation.
- The data included below is only for the full offering of roofing installation and roofing related products and services, including replacement and maintenance options, for residential and commercial customers that you will also be authorized to offer (the “Roofing Services”).
- The Roofing Services offered by the Affiliate Unit are substantially similar to franchised Roofing Businesses for which Bumble Roofing is offering franchises in the disclosure document.
- The Affiliate Unit was not limited by the territorial boundaries and performed roofing services in what would have been 12.5 franchise territories. However, in zip codes where the Affiliate Unit serviced more than one customer, it was equivalent to four territories.
Part 1 – Revenue per Roofing Project January 1, 2022 Through December 31, 2022
- The following table presents revenue per roofing project for 196 projects completed by the Affiliate Unit during the reporting period of January 1, 2022 to December 31, 2022.
- Total Number of Roofing Projects: 196
- Average Revenue per Project: $21,376
- Number of Projects Above Average: 77
- % of Projects Above Average: 39.3%
- Median Revenue per Project: $19,429
- Maximum Project Revenue: $109,051
- Minimum Project Revenue: $3,495
Part 2 – Revenue Less Disclosed Costs for January 1, 2022 Through December 31, 2022
- The following table presents Revenues and certain operating expense information for the Reporting Unit for the period from January 1, 2022, through December 31, 2022.
- The table presents the dollar amount for each category and the various categories as a percent of Revenues.
Revenue: $4,189,730 (100.0%)
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.Less: Cost of Goods Sold
- Cost of Labor: $1,509,942 (36.0%)
- Cost of Materials: $1,211,998 (28.9%)
Gross Profit: $1,467,791 (35.0%)
Operating Expenses
- Wages and Benefits: $221,260 (5.3%)
- Taxes, Licenses, and Permits: $106,158 (2.5%)
- Advertising and Marketing: $209,486 (5.0%)
- Automobile Expense: $67,538 (1.6%)
- Office Expenses and Supplies: $41,189 (1.0%)
- Travel, Meals, and Entertainment: $3,530 (0.1%)
- Insurance: $10,619 (0.3%)
- Professional Fees: $8,100 (0.2%)
- Bank Service Charges: $9,435 (0.2%)
- Dues and Subscriptions: $6,198 (0.1%)
- Computer and Internet Expense: $4,160 (0.1%)
- Royalty: $272,332 (6.5%)
- National Advertising Fund: $41,897 (1.0%)
- Contact Center: $62,846 (1.5%)
- Total Disclosed Expenses: $1,064,749 (25.4%)
Revenue Less Disclosed Expenses: $403,042 (9.6%)
- Revenue means amounts derived from all Roofing Services sold from or through the Affiliate Unit, but does not include any revenue from other projects including solar panel installation, taxes, or customer refunds. Similarly, the costs outlined below exclude direct costs or allocations of certain costs associated with the revenue generated from projects other than Roofing Services, including solar panel installation.
- Cost of Materials includes the direct roofing materials, including shingles, clay or concrete tiles, asphalt rolled roofing, lumber, underlayment, roofing nails, ice/water shields, and sheet metal commonly used in the installation of a roofing project.
- Cost of Labor includes the subcontracted labor hired to install a roofing project.
- Wages and Benefits includes salaries of three employees that work directly on Roofing Services. This includes two project managers that operate in the field providing customer proposals and manage active roofing projects. It includes one office administrator. Wages and benefits excludes any compensation paid to the owner and general manager. Salaries and Wages includes a factor of 15% for the cost of payroll taxes and employee benefit costs consistent with the Affiliate Unit’s actual benefit costs for all its employees.
- Taxes, Licenses, and Permits includes local business licenses and taxes. The largest amount of these expenses is associated with permits required by municipalities in Los Angeles to install a roofing project.
- Advertising and Marketing includes all the expenses associated with generating consumer leads for roofing projects.
- Office Expenses & Supplies, Travel Meals & Entertainment, Insurance, and Bank Service Charges are all allocations of the total expenses incurred by the Affiliate Unit based on the weighting of Roofing Services Revenues compared to total revenues of the Affiliate Unit. The above chart does not include all expenses incurred by the Affiliate Unit, such as an office, because Bumble Roofing anticipates that you will operate out of a home office.
- Professional Fees includes the bookkeeping services fee, and certain tax preparation and legal expenses.
- Dues and Subscriptions includes the costs that a franchisee would pay for the CRM ($252 per month), quoting software ($190 per month for 2 users), and Quickbooks ($74.50 per month).
- Computer and Internet expenses are estimated based on the Technology Fee that franchisees pay as disclosed in Item 6 of the disclosure document.
- Royalties, National Advertising Fund, and Contact Center fees were not charged to the Affiliate Unit during the reporting period. These costs are added to the table above to represent the estimated costs associated with fees if the Affiliate Unit was a franchised Roofing Business.
- Revenue less Disclosed Expenses is calculated by subtracting the total disclosed expenses and the Cost of Materials and the Cost of Labor from Revenue. This figure is not a substitution for a net profit because that will vary based on your specific situation, debt service, entity structure, etc. The above chart does not include all expenses incurred by the Affiliate Unit, such as an office, because Bumble Roofing anticipates that you will operate out of a home office.
Part 3 – Revenue for Years Ending 2020, 2021, 2022, and YTD 2023
- The table below shows the annual Revenue earned by the Affiliate Unit from Roofing Services contracted directly with homeowners or commercial property owners since the inception of operation in May of 2020 through December of 2020, the full calendar year of 2021, the full calendar year of 2022, and the 6 months from January 1, 2023 to June 30, 2023.
Revenue
- 2020: $1,253,780
- 2021: $3,045,536
- 2022: $4,189,730
- 6 Months Ending June 2023: $2,781,815
- Some outlets have earned this amount. Your individual results may differ. There is no assurance that you’ll earn as much.
Section VI – Bumble Roofing Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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