How does Dryject define 'Gross Revenues' for a franchised business?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
- (g) As used in this Agreement, the term "Gross Revenues" shall mean and include the total of all revenue and income which You are entitled to receive from the provision of services and products to customers of the Franchised Business or any other source within thirty (30) days of performance of service, whether or not sold or performed at or from the Franchised Business and whether received in cash, in services in kind, from barter and/or exchange, on credit (whether or not payment is received), or otherwise.
You will deduct from the Franchised Business' Gross Revenues (but only to the extent they have been included) the amount of all sales tax receipts or similar tax receipts which, by law, are chargeable to customers, if such taxes are separately stated when the customer is charged and as long as such taxes are promptly paid to the appropriate taxing authority.
You may also deduct from the Franchised Business' Gross Revenues the amount of any documented refunds, charge-backs, credits and allowances You pay in good faith to customers.
All barter and/or exchange transactions pursuant to which the Franchised Business furnishes services and/or products in exchange for goods or services to be provided to You or the Franchised Business by a vendor, supplier or customer shall, for the purpose of determining Gross Revenues, be valued at the full value of the goods and/or services so provided to You or the Franchised Business.
Gross Revenues shall also include all insurance proceeds received by You for loss of business due to a casualty to or similar event affecting the operation of the Franchised Business.
- (h) You are required to submit, at Your expense, a monthly report including both an income statement and balance sheet, signed by You, in a form to be prescribed by Us.
Such report shall reflect the Gross Revenues during the preceding month, along with any additional information that
We may deem reasonably necessary. This report shall be mailed or electronically transmitted to Us so that it is received by Us no later than the fifteenth (15th) day of the next succeeding month. Pursuant to Section 22 of this Agreement, You are also required to provide Us with annual reports of Gross Revenues, income statements and balance sheets from each Franchised Business' operation signed by You within sixty (60) days of the end of Your fiscal or other operating year. We reserve the right to require other additional reports, as are or may be more particularly set forth in Our Operations Manual.
Source: Item 23 — RECEIPT (FDD pages 50–68)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, Gross Revenues include all revenue and income a franchisee is entitled to receive from providing services and products to customers, or from any other source, within 30 days of service performance. This applies whether the sales or services occur at or from the franchised business location and regardless of whether payment is received in cash, services in kind, barter, exchange, or credit. Gross Revenues also include all insurance proceeds received for loss of business due to a casualty or similar event affecting the operation of the franchised business.
However, franchisees can deduct sales tax receipts or similar tax receipts chargeable to customers, provided these taxes are separately stated when charging the customer and promptly paid to the appropriate taxing authority. Additionally, franchisees may deduct documented refunds, charge-backs, credits, and allowances they pay in good faith to customers.
For barter or exchange transactions where the Dryject franchise furnishes services or products in exchange for goods or services, Gross Revenues are calculated based on the full value of the goods or services provided to the franchisee or the franchised business. Franchisees must submit monthly reports, including income statements and balance sheets, reflecting Gross Revenues, along with any additional information Dryject deems necessary. These reports are due by the 15th day of the following month. Franchisees are also required to provide annual reports of Gross Revenues, income statements, and balance sheets within 60 days of the end of their fiscal year.