When do the monthly installments begin for the note payable to the former members of the LLC for Dryject?

According to Dryject's 2025 Franchise Disclosure Document, the note payable to the former members of the LLC is due in monthly installments beginning in September 2018. The monthly installment amount is $2,629, and the interest rate is 5.0%. The note is scheduled to be paid in full by September 2028.

This information is relevant to potential Dryject franchisees as it provides insight into the company's financial obligations and debt structure. Understanding the terms of this note, including the monthly payment amount, interest rate, and maturity date, can help franchisees assess the financial stability of Dryject.

Specifically, the note payable to former members of the LLC indicates a past transaction related to the ownership or management of Dryject. While the payments began in 2018, the remaining balance and ongoing obligation could impact Dryject's cash flow and overall financial health. A prospective franchisee may want to inquire about the specifics of this transaction and how it might affect the franchise system moving forward.

Reviewing Dryject's financial statements and understanding its debt obligations is a standard part of franchise due diligence. This information helps potential franchisees make informed decisions about investing in the franchise and assessing the financial risks and opportunities associated with the business.