What was the net income (or loss) for Dryject in 2023?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
| ion | _ | 193,962 | _ | 372,752 |
|---|---|---|---|---|
| Total Liabilities | _ | 461,346 | - | 644,594 |
| Total Liabilities Member's Capital | 461,346 (123,606) | 644,594 29,189 |
DRYJECT MANAGEMENT, LLC STATEMENTS OF INCOME AND MEMBER'S CAPITAL FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023
| 2024 | 2023 | |||
|---|---|---|---|---|
| Revenue: Franchise fees Initial, renewal, modification and transfer fees | $ 986,1 23,6 | 00 | 918,507 169,100 | |
| Advertising fees Total Revenue | 144,6 | _ | 143,600 1,231,207 | |
| Expenses: | ||||
| Legal and professional | 49,8 | 13 | 80,748 | |
| Bank and credit card fees | 21,4 | 94 | 25,452 | |
| Management fees | 745,0 | 00 | 710,000 | |
| Advertising and promotion | 147,3 | 47 | 147,050 | |
| Office | 6 | 98 | 1,202 | |
| Bad debt | . | 32,183 | ||
| Interest expense | 42,3 | 81 | 58,564 | |
| Amortization - finance cost | 4,2 | 4,287 | ||
| Amortization e |
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the company's net income for 2023 was $20,805. This figure is derived from the statement of income and member's capital for the years ended December 31, 2024 and 2023. It's important to note that this income is before member's draw, which is listed separately.
For a prospective franchisee, understanding the franchisor's financial performance is crucial. A positive net income, such as the one Dryject reported for 2023, can be seen as a sign of financial stability and efficient management. However, it is essential to consider this figure in the context of the company's overall financial statements, including revenues, expenses, and cash flows, to get a comprehensive picture.
It's also worth noting that Dryject experienced a net loss of ($7,632) in 2024. Comparing these figures over multiple years can reveal trends and potential areas of concern or growth. A potential franchisee should investigate the reasons behind fluctuations in net income and how Dryject plans to maintain or improve its financial performance.