When is the Dryject Renewal fee due?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Name of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Royalty Service Fee | The greater of: 8% of | On the 15th day of the |
Source: Item 6 — OTHER FEES (FDD pages 14–18)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the renewal fee is due upon signing the Franchise Agreement. The renewal fee is 20% of the then-current Initial Franchise Fee. This means that when a franchisee decides to renew their Dryject franchise agreement, they must pay a fee equivalent to 20% of whatever the current initial franchise fee is at that time.
This fee structure is fairly standard in the franchise industry, as it allows the franchisor to recoup some of the costs associated with granting a new franchise term. It also incentivizes the franchisee to maintain a successful business, as they will want to renew their agreement to continue operating under the Dryject brand.
Prospective franchisees should consider this renewal fee when evaluating the overall cost of investing in a Dryject franchise. It's important to factor in the potential cost of renewal, as it can be a significant expense, especially if the initial franchise fee increases over time. Franchisees should also inquire about any other conditions or requirements for renewal, such as meeting certain performance standards or completing additional training.