What was the amount of cash Dryject had on hand at the end of 2023?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
od. Actual results could differ from those estimates. Management periodically evaluates estimates used in the preparation of the financial statements for continued reasonableness. Appropriate adjustments, if any, to the estimates used are made prospe
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the company maintains its cash balances at a financial institution. These balances are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. However, as of December 31, 2023, Dryject had no insured cash balances.
This indicates that Dryject's cash balance at the end of 2023 either exceeded the $250,000 FDIC insurance limit or was held in an account that was not FDIC-insured. It is important to note that the FDD does not specify the exact amount of cash Dryject had on hand.
Prospective franchisees should be aware of this detail, as it provides insight into Dryject's cash management practices and risk exposure. It would be prudent for potential franchisees to inquire further about the company's cash management policies and the specific amount of cash held at the end of 2023 to gain a clearer understanding of Dryject's financial position.