What was the net loss/income for Dryject in 2022?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
| Total Revenue | 41,337 149,600 1,036,071 | s | 823,387 92,329 148,800 1,064,516 | |
|---|---|---|---|---|
| Total Revenue | - | 1,050,071 | _ | 1,004,310 |
| Expenses: | ||||
| Legal and professional | 41,727 | 51,089 | ||
| Bank and credit card fees | 17,569 | 14,586 | ||
| Management fees | 655,000 | 680,351 | ||
| Advertising and promotion | 160,614 | 147,707 | ||
| Office | 1,626 | 633 | ||
| Interest expense | 47,346 | 53,002 | ||
| Amortization expense | 155,203 | 150,915 | ||
| Bad debt expense | 8 | 1,200 | ||
| Total Expenses | 1,079,085 | _ | 1,099,483 | |
| Loss before other income | (43,014) | (34,967) | ||
| SBA grant | 13,500 | |||
| Net loss | 33 | (43,014) | F | (21,467) |
| Member's capital - beginning | 51,398 | 72,865 | ||
| Member's capital - ending | $ | 8,384 | $ | 51,398 |
DRYJECT MANAGEMENT, LLC STATEMENT OF CASH FLOWS FOR THE YEARS ENDED
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the company experienced a net loss in 2022. Specifically, the FDD states that the net loss for Dryject Management, LLC in 2022 was $(43,014). This indicates that Dryject's expenses exceeded its revenues during that year, resulting in a financial deficit.
For a prospective franchisee, understanding the franchisor's financial performance is crucial. A net loss, such as the one Dryject experienced in 2022, could raise concerns about the financial stability of the company. While a single year's loss doesn't necessarily indicate long-term problems, it's important to investigate the reasons behind the loss. This could involve analyzing revenue trends, cost management strategies, and overall market conditions.
It's also worth noting that the FDD includes financial statements audited by an independent CPA, Roger K. Stein, which provides some assurance of the accuracy and reliability of the financial information. However, prospective franchisees should still conduct their own due diligence, including consulting with a financial advisor, to fully assess the financial health of Dryject before investing in a franchise.