What is the frequency of the Dryject Marketing Fund's income and expense statements?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
Marketing Fund Administration. The Marketing Fund is administered by us and may, in the future, at our option, be established as a not-for-profit corporation. The Marketing Fund will prepare internally unaudited income and expense statements on an annual basis. Income statements, expense statements and an accounting of advertising expenditures will be available to any franchisee upon written request. Excess funds not spent in any given fiscal year will be carried forward to the next fiscal year. The Marketing Fund is intended to remain in existence, however we reserve the right to terminate the Marketing Fund but only after all monies have been spent for advertising and promotion.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 26–33)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the Marketing Fund will prepare internally unaudited income and expense statements on an annual basis. These statements, along with an accounting of advertising expenditures, will be available to any franchisee upon written request. This means that Dryject franchisees can expect to receive a report on the Marketing Fund's financial activities once per year.
This annual reporting provides a level of transparency, allowing franchisees to see how the marketing funds are being managed and spent. Franchisees have the right to request these statements in writing, ensuring they can access this information when needed. The FDD also states that any excess funds not spent in a given fiscal year will be carried forward to the next fiscal year, which could be beneficial for future marketing initiatives.
While the statements are unaudited, the availability of income and expense details offers some reassurance to franchisees that their contributions to the Marketing Fund are being tracked and used appropriately. It is fairly common in the franchise industry for marketing funds to provide annual or sometimes more frequent reports to franchisees, balancing transparency with administrative efficiency. Prospective franchisees should consider the level of detail provided in these statements and whether it meets their expectations for financial oversight.