factual

What was the purchase price for 100% of the ownership of the Dryject LLC?

Q: What was the purchase price for 100% of the ownership of the Dryject LLC?

nces. - Note 2 Goodwill The accounting of the purchase of 100% of the membership units in 2016 resulted in the recognition of goodwill of \$1,509,159. The Company adopted ASC 350-20-35-63 which allows private companies the option of amortizing goodwill over ten years on a straight-line basis. - Note 3 Transfer of membership In August 2016, 100% of the ownership of the LLC was transferred to a new member. The purchase was financed with a note from WSFS Bank, guaranteed by the SBA, for \$1,547,800 and a seller financed note of \$300,000. The purchase price was \$1,500,000 for 100% of the ownership of the LLC an Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)

Dryject Franchise · 2025 FDD

Answer from 2025 FDD Document

nces.

Note 2 Goodwill The accounting of the purchase of 100% of the membership units in 2016 resulted in the recognition of goodwill of $1,509,159. The Company adopted ASC 350-20-35-63 which allows private companies the option of amortizing goodwill over ten years on a straight-line basis.
Note 3 Transfer of membership In August 2016, 100% of the ownership of the LLC was transferred to a new member. The purchase was financed with a note from WSFS Bank, guaranteed by the SBA, for $1,547,800 and a seller financed note of $300,000. The purchase price was $1,500,000 for 100% of the ownership of the LLC an

Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)

What This Means (2025 FDD)

According to Dryject's 2025 Franchise Disclosure Document, in August 2016, 100% of the ownership of the LLC was transferred to a new member. The purchase was financed through a note from WSFS Bank, guaranteed by the SBA, for $1,547,800, along with seller financing of $300,000. The total purchase price consisted of $1,500,000 for 100% ownership of the LLC and an additional $500,000 for the assets of DryJect Inc.

This means that a potential Dryject franchisee should understand the details of how the company itself was acquired. The debt and financing costs were allocated with 75% to the company and 25% to DryJect Inc. Acquisition Corporation. The loan is secured by the assets of both the company and DryJect Inc. Acquisition Corporation, and the note is guaranteed by the member.

This information is relevant for prospective franchisees as it provides insight into the financial structure and obligations of Dryject. Understanding the debt obligations and how they are allocated between Dryject and DryJect Inc. Acquisition Corporation can help a franchisee assess the financial stability and potential risks associated with investing in the franchise. Additionally, knowing that the loan is collateralized by the assets of both entities and guaranteed by a member offers further context regarding the financial commitments and security involved in the ownership structure.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.

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