As of December 31, 2024, how many Dryject franchises were there in the United States?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
2024, there were no franchisees that were transferred. The number of franchisees in the United States reported on the financial statement as of December 31, 2023 was 28. After the report date, it was discovered it was in error. The correct number of franchisees as of January 1, 2024 was 29.
| January 1, 2024 | Additions | D | rops | December 31, 2024 | |
|---|---|---|---|---|---|
| United States - | 29 | 0 | ( | 1) | 28 |
| Franchises | |||||
| International - | 9 | 1 | ( | 0) | 10 |
| Franchises & licensees | |||||
| Total | 38 | 1 | ( | 1) | 38 |
Accounts Receivable - The Company carries its accounts receivable at cost. On a periodic basis, the Company evaluates its accounts receivable and, if necessary, establishes an allowance for credit losses. At December 31, there was no allowance for credit losses in 2024 or 2023. The accounts receivable at the beginning of the year on January 1, 2024 was $70,586 and on January 1, 2023 was $206,666.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, as of December 31, 2024, there were 28 Dryject franchises in the United States. This number reflects a net decrease of one franchise during the year, as there were 29 franchises in the United States on January 1, 2024, with no additions and one drop during the year.
It is important to note that the FDD also includes a statement regarding a prior error in the reported number of franchisees. The financial statement initially reported 28 franchisees in the United States as of December 31, 2023, but this was later discovered to be incorrect. The corrected number of franchisees as of January 1, 2024, was 29. This correction highlights the importance of verifying information and being aware of potential discrepancies in historical data.
For a prospective franchisee, this information provides a snapshot of the Dryject franchise system's size and recent changes in the United States. The slight decrease in the number of franchises could be due to various factors, such as franchisees not renewing their agreements or terminations. It would be prudent for a potential franchisee to inquire about the reasons for the decrease and the overall health and stability of the franchise system.