What monetary obligations must a Dryject franchisee satisfy to be eligible for renewal?

According to the 2025 Dryject Franchise Disclosure Document, a franchisee must meet certain monetary obligations to be eligible for renewal. Specifically, all monetary obligations owed to Dryject, its subsidiaries, and affiliates must have been satisfied and paid when due throughout the initial and all prior renewal terms. This means that a franchisee cannot have any outstanding debts or unpaid fees to Dryject at the time of renewal.

In addition to settling all outstanding debts, the franchisee must also pay a renewal fee. This renewal fee is equal to twenty percent (20%) of the initial franchise fee then being paid by new franchisees. For example, if the initial franchise fee for new franchisees at the time of renewal is $29,500, the renewal fee would be $5,900 (20% of $29,500). This fee compensates Dryject for the continued use of its system, marks, and goodwill.

Beyond these explicit monetary obligations, the franchisee must also perform any replacements and upgrading that Dryject requires to ensure the franchised business's equipment and computer system conform to the specifications being used for new Dryject franchised businesses on the renewal date. While this isn't a direct payment to Dryject, it represents a potentially significant investment the franchisee must make to modernize their business and maintain brand standards. Failing to meet these monetary and upgrade obligations would disqualify a franchisee from renewing their agreement with Dryject.