What was the net (loss) income for Dryject in 2024?
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 net (loss) income for Dryject in 2024 was ($7,632). This figure represents the company's profitability after accounting for all revenues and expenses during that year. In comparison, Dryject had a net income of $20,805 in 2023.
For a prospective franchisee, this information is crucial in understanding the financial performance of Dryject. A net loss, as seen in 2024, could indicate potential challenges or fluctuations in the business. However, it's important to consider this figure in the context of the company's overall financial health and historical performance. The FDD also shows that Dryject had positive net income in 2023, suggesting that the 2024 loss may not be indicative of a long-term trend.
It is advisable for potential franchisees to investigate the reasons behind the net loss in 2024. Understanding the factors that contributed to this loss, such as increased expenses or decreased revenues, can provide valuable insights into the risks and opportunities associated with investing in a Dryject franchise. Additionally, reviewing several years of financial statements, as provided in the FDD, can help identify trends and assess the overall financial stability of the company.