What financial reports are Dryject franchisees required to submit monthly?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
- (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, franchisees are required to submit a monthly report at their own expense. This report must include both an income statement and a balance sheet, signed by the franchisee, using a form prescribed by Dryject.
The monthly report should accurately reflect the Gross Revenues during the preceding month. It should also include any additional information that Dryject deems reasonably necessary. This report must be received by Dryject no later than the fifteenth day of the next succeeding month and can be mailed or electronically transmitted.
In addition to the monthly reports, Dryject franchisees are also required to provide annual reports of Gross Revenues, income statements, and balance sheets from each Franchised Business' operation. These annual reports must be signed by the franchisee and submitted within sixty days of the end of their fiscal or other operating year. Dryject also retains the right to request other additional reports, as detailed in their Operations Manual.
It is important for prospective Dryject franchisees to understand these reporting requirements, as they are a standard part of franchise operations. Accurate and timely submission of these reports is essential for maintaining a good relationship with Dryject and ensuring compliance with the franchise agreement. Franchisees should also familiarize themselves with the Operations Manual to understand any additional reporting requirements that may be specified.