What document outlines the reimbursement expenses for additional Dryject assistance?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
alance shall be termed out in monthly payments of principal and interest and is due to expire in August 2033. The line of credit balance is reflected on the books of DryJect Inc. Acquisition Corporation since the proceeds are deposited directly into the Corporation and used for their expenses.
- Note 7 Transactions with Related Parties For the year ended December 31, the Company incurred management fees of $710,000 in 2023 and $655,000 in
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
Based on the 2025 Dryject FDD, the financial statements included in the document mention expense reimbursements to DryJect Inc. Acquisition Corporation. Specifically, for the year ending December 31, Dryject incurred management fees of $710,000 in 2023 and $655,000 in 2022 and reimbursed expenses of $45,090 in 2022 to DryJect Inc. Acquisition Corporation. At December 31, the Company had an account payable of $95,314 in 2023 and $195,817 in 2022 to DryJect Inc. Acquisition Corporation. The FDD indicates that Dryject Inc. Acquisition Corporation and Dryject have a common owner.
This means that Dryject's financial statements account for transactions with related parties, including expense reimbursements. However, the FDD does not specify the exact circumstances under which these reimbursements are made or the specific documentation that outlines these expenses for additional assistance.
A prospective franchisee should seek clarification from Dryject regarding the specific policies and procedures for expense reimbursement, the types of expenses that are eligible for reimbursement, and the documentation required to support reimbursement claims. Understanding these details is crucial for managing the financial aspects of the franchise and ensuring transparency in financial transactions between Dryject and its related entities.