When is the initial franchise fee of $29,500 due for a Dryject franchise?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of | Amount | Method of | When Due | To Whom |
|---|---|---|---|---|
| Expenditure | Payment | Payment is to be Made | ||
| Initial | $29,500 | Lump Sum | Upon signing of | Us |
| Franchise Fee (Note | Franchise | |||
| 1) | Agreement |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 19–24)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the initial franchise fee of $29,500 is due upon signing the Franchise Agreement. This fee is payable in a lump sum. The franchisor must also approve the franchisee. This is a fairly standard practice in franchising, as the initial fee compensates the franchisor for granting the franchise rights and providing initial training and support.
For a prospective Dryject franchisee, this means that they need to have the full $29,500 available when they are ready to sign the agreement. It is important to note that this fee is non-refundable in most cases, so franchisees should conduct thorough due diligence before signing. This up-front payment is in addition to other initial investment costs, such as equipment, inventory, and working capital.
The FDD also provides a table outlining the various expenditures, payment methods, and due dates for the initial investment. This table includes the initial franchise fee, initial inventory costs (estimated between $2,500 and $3,500), signage costs (estimated between $650 and $750), and the equipment package cost ($166,500 if purchased or $3,000 for the lease). The table format offers a clear overview of the financial commitments required to start a Dryject franchise.