Are the Dryject Management, LLC balance sheets audited?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITOR'S REPORT
TO: DRYJECT MANAGEMENT, LLC HATBORO, PENNSYLVANIA
Opinion
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.
In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of DryJect Management, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
I conducted my audit in accordance with auditing standards generally accepted in the United States of America. My responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of my report. I am required to be independent of DryJect Management, LLC and to meet my other ethical responsibilities in accordance with the relevant ethical requirements relating to my audit. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about DryJect Management, LLC's ability to continue as a going concern within one year after the date that the financial statements are available to be issued.
Auditor's Responsibilities for the Audit of the Financial Statements
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the financial statements of Dryject Management, LLC are indeed audited by an independent auditor. The FDD includes an Independent Auditor's Report that covers multiple years.
The auditor, Roger K. Stein, CPA LLC, states that they have audited the balance sheets as of December 31, 2024 and 2023, including the related statements of income, member's capital, and cash flows for the years then ended. The auditor's opinion is that the financial statements present fairly the financial position of DryJect Management, LLC as of December 31, 2024 and 2023, in accordance with accounting principles generally accepted in the United States of America.
The audit was conducted following auditing standards generally accepted in the United States of America, with the auditor adhering to ethical requirements and maintaining independence from DryJect Management, LLC. The auditor believes the evidence obtained is sufficient and appropriate to support the audit opinion. Management is responsible for the preparation and presentation of the financial statements, while the auditor's responsibility is to provide reasonable assurance that the financial statements are free from material misstatement.
Prospective franchisees can take assurance from the fact that Dryject's financial statements are audited, providing an additional layer of scrutiny and reliability. This is a common practice among franchisors, as audited statements offer greater transparency and credibility compared to unaudited ones. The auditor's report also outlines the responsibilities of both management and the auditor, giving potential franchisees a clearer understanding of the financial oversight process.