factual

What is Dryject's fiscal year end?

Dryject Franchise · 2025 FDD

Answer from 2025 FDD Document

I have audited the accompanying financial statements of DryJect Management, LLC (a single member LLC), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of income and member's capital, and cash flows for the years then ended, and the related notes to the financial statements.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)

What This Means (2025 FDD)

According to Dryject's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is evident from the auditor's report, which covers the balance sheets, statements of income, member's capital, and cash flows for the years ended December 31, 2024 and 2023. The notes to the financial statements also reference specific dates in December. This consistent reporting date confirms that Dryject operates on a calendar year for its financial reporting.

For a prospective Dryject franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It provides a benchmark for evaluating the company's financial performance and comparing it to previous years. Franchisees can use this information to assess the franchisor's financial stability and growth potential. Additionally, the fiscal year-end may influence the timing of certain financial obligations or reporting requirements for franchisees.

Knowing Dryject's fiscal year end allows franchisees to align their own financial planning and reporting with that of the franchisor. This can be particularly useful for budgeting, forecasting, and tax planning purposes. Franchisees should also be aware of any deadlines or requirements associated with the franchisor's fiscal year-end, such as submitting financial reports or participating in audits. Aligning with the franchisor's financial calendar can promote better communication and coordination between the franchisee and franchisor.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.