What form does Dryject prescribe for the monthly income statement and balance sheet?
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 that includes both an income statement and a balance sheet. This report must be signed by the franchisee and be in a format prescribed by Dryject.
The report should accurately reflect the Gross Revenues during the preceding month. Additionally, Dryject may require franchisees to include any other information deemed reasonably necessary in the report.
Franchisees must ensure that Dryject receives these reports either by mail or electronic transmission no later than the fifteenth day of the following month. Furthermore, franchisees are also obligated to provide annual reports of Gross Revenues, income statements, and balance sheets within sixty days of the end of their fiscal year. Dryject retains the right to request additional reports as detailed in their Operations Manual.
This requirement ensures that Dryject maintains oversight of the financial performance of its franchise locations and can enforce brand standards. Prospective franchisees should inquire about the specific format and any additional information required in these monthly reports to fully understand their reporting obligations.