What was the net income (loss) for Dryject in 2022?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
ion | 7 | | | 2 /2,02 / | | Long term debt - net of current portion Total Liabilities | _ | 644,594 Ordenda Mada de | 20 | 907,771 000000000000000000000000000000000000000 |
DRYJECT MANAGEMENT, LLC STATEMENTS OF INCOME AND MEMBER'S CAPITAL FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| 2023 | 2022 | |||
|---|---|---|---|---|
| Revenue: Franchise fees Initial, renewal, modification and transfer fees | $ 918,50 169,10 | ) | 845,134 41,337 | |
| Advertising fees Total Revenue | 143,600 1,231,207 | 1,036,071 | ||
| Expenses: Legal and professional Bank and credit card fees Management fees Adverti |
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the net loss for Dryject Management, LLC in 2022 was $(43,014). This means that Dryject's expenses exceeded its revenue by $43,014 during that year.
This net loss is an important figure for prospective franchisees to consider. While a single year's loss doesn't necessarily indicate long-term financial instability, it's crucial to understand the reasons behind the loss. Was it due to increased investment in growth, a temporary downturn in the market, or other factors? Understanding the context behind the loss can help a franchisee assess the financial health and stability of Dryject.
It is also important to note that Dryject's 2023 net income was $20,805. Reviewing Dryject's financial statements for trends over several years, not just a single year, will provide a more comprehensive understanding of the company's financial performance and potential risks.