When must a Dryject franchisee report Gross Revenues of the Franchised Business operations?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
You must report to Us the Gross Revenues of the Franchised Business operations on a monthly basis, the month immediately after the service was performed. Payments toward the Annual Royalty Service Fee must be made on a monthly basis and must be paid on or before the fifteenth (15th) day of the month for the preceding month. We may change the date and/or frequency of payment and reporting, and if We do so, the Royalty Service Fee and/or Minimum Service Fee will be adjusted accordingly.
Once Your cumulative monthly Gross Revenues during the course of the calendar year exceed Your Annual Royalty Service Fee Gross Revenue Equivalent, We will collect the monthly Minimum Service Fee plus an additional eight percent (8%) on the amount of the monthly Gross Revenues that exceed the Annual Royalty Service Fee Gross Revenue Equivalent.
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 report Gross Revenues monthly and annually. Specifically, Dryject franchisees must submit a monthly report, including an income statement and balance sheet, reflecting the Gross Revenues of the preceding month. This report must be received by Dryject no later than the fifteenth (15th) day of the next succeeding month.
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 (60) days of the end of the franchisee's fiscal or other operating year.
Dryject also reserves the right to request additional reports from franchisees, as detailed in their Operations Manual. Furthermore, franchisees must report Gross Revenues on a monthly basis immediately after the service was performed. Payments toward the Annual Royalty Service Fee must be made monthly and paid by the 15th of the month for the preceding month. Dryject retains the ability to modify the date and/or frequency of these reporting and payment schedules, with corresponding adjustments to the Royalty Service Fee and/or Minimum Service Fee.