What was the cash at the end of the period for Dryject in 2023?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
xpenses | 1,210,40 | 2 | 1,079,085 | | | Net income (loss) | 20,80 | 5 | (43,014) | | | Member's capital - beginning | 8,38- | No. 1 | 51,398 | | | Member's capital - ending | $ 29,18 | | 8,384 | |
DRYJECT MANAGEMENT, LLC STATEMENT OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| 2023 | 2022 | |||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net income (loss) Adjustments to reconcile net income to net cash provided by operating activities: | S | 20,805 | $ | (43,014) |
| Amortization Amortization of interest expense | 150,916 4,287 | 150,916 4,287 | ||
| (Increase) decrease in: | 136,080 | (73,272) | ||
| Accounts receivable | ||||
| Increase (decrease) in: | ||||
| Accounts payable | (100,503) | 22,094 | ||
| Accrued expenses | (5,930) | 8,516 | ||
| Net cash provided by operating activities | e- | 205,655 | _ |
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the cash at the end of the period in 2023 was $213,331. This figure represents the total cash Dryject Management, LLC had on hand as of December 31, 2023, after accounting for all cash inflows and outflows during the year. This number is an important indicator of the company's liquidity and its ability to meet its short-term obligations.
For a prospective franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance suggests that Dryject is financially stable and capable of supporting its franchisees. It can also indicate the company's ability to invest in new technologies, marketing initiatives, or other resources that could benefit the franchise system.
However, it's important to consider this figure in the context of Dryject's overall financial performance. A high cash balance doesn't necessarily guarantee profitability or long-term success. Franchisees should also review Dryject's revenue, expenses, and debt levels to get a more complete picture of its financial health. Additionally, comparing the cash at the end of the period in 2023 ($213,331) to the cash at the end of the period in 2022 ($168,705) shows an increase in cash, which could be a positive sign of growth and improved financial management.
It is also worth noting that the company maintained its cash balances at a financial institution where balances are insured by the Federal Deposit Insurance Corporation up to $250,000. At December 31, 2023, the Company had no insured cash balances.