What are the monthly installments 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 requires monthly installments of $2,629. These payments began in September 2018 and are scheduled to continue until September 2028. The interest rate on this note is 5.0%.

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 existing notes payable, such as the monthly payment amount, interest rate, and maturity date, helps franchisees assess the financial stability and potential risks associated with investing in the franchise.

Specifically, the note payable to former members indicates a past ownership transition and the financial arrangements made during that time. While this debt does not directly impact a new franchisee's operations, it is part of the overall financial picture that contributes to the franchisor's ability to support its franchisees. A prospective franchisee may want to inquire about the franchisor's plans for managing and paying off this debt to ensure it does not affect the resources available for franchisee support and growth.