What were the payments on long term debt for Dryject in 2023?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
|---|---|---|---|---|
| Net income (loss) Adjustments to reconcile net income to net cash provided by operating activities: | S | 20,805 | $ | (43,014) |
| Amortization Amortization of interest expense | 150,916 4,287 | 150,916 4,287 | ||
| (Increase) decrease in: | 136,080 | (73,272) | ||
| Accounts receivable | ||||
| Increase (decrease) in: | ||||
| Accounts payable | (100,503) | 22,094 | ||
| Accrued expenses | (5,930) | 8,516 | ||
| Net cash provided by operating activities | e- | 205,655 | _ | 69,527 |
| CASH FLOWS FROM FINANCING ACTIVITIES: Payments on long term debt | - | (161,029) | (147,309) | |
| Net increase (decrease) in cash | 44,626 | (77,782) | ||
| Cash at beginning of period | 168,705 | _ | 246,487 | |
| Cash at end of period | $ | 213,331 | $ | 168,705 |
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the payments on long-term debt in 2023 were $161,029. This figure is part of the cash flow statement, specifically under cash flows from financing activities. This indicates the total amount of principal Dryject paid towards its long-term debts during that year.
For a prospective Dryject franchisee, this information provides insight into the company's financial management and debt obligations. Understanding the debt repayment schedule can help potential franchisees assess the financial stability of Dryject. It also gives an idea of how much cash Dryject allocates to debt servicing, which could impact its ability to invest in growth, support franchisees, or handle unforeseen financial challenges.
It's important to note that this figure represents the payments on long-term debt for Dryject Management, LLC, and not necessarily the debt obligations of individual franchisees. Franchisees will likely have their own financing arrangements and debt obligations related to starting and operating their Dryject franchise. Reviewing Dryject's debt payments in relation to its overall financial performance can offer a more comprehensive view of the company's financial health.