Who is responsible for the expense of submitting monthly reports to Dryject?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
- (h) You are required to submit, at Your expense, a monthly report including both an income statement and balance sheet, signed by You, in a form to be prescribed by Us.
Such report shall reflect the Gross Revenues during the preceding month, along with any additional information that
We may deem reasonably necessary. This report shall be mailed or electronically transmitted to Us so that it is received by Us no later than the fifteenth (15th) day of the next succeeding month. Pursuant to Section 22 of this Agreement, You are also required to provide Us with annual reports of Gross Revenues, income statements and balance sheets from each Franchised Business' operation signed by You within sixty (60) days of the end of Your fiscal or other operating year. We reserve the right to require other additional reports, as are or may be more particularly set forth in Our Operations Manual.
Source: Item 23 — RECEIPT (FDD pages 50–68)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the franchisee is responsible for the expense of submitting monthly reports.
Specifically, the FDD states that the franchisee is required to submit, at their own expense, a monthly report including both an income statement and balance sheet, signed by the franchisee, in a form prescribed by Dryject. This report must reflect the Gross Revenues during the preceding month, along with any additional information that Dryject may deem reasonably necessary.
This report must be mailed or electronically transmitted to Dryject so that it is received by them no later than the fifteenth (15th) day of the next succeeding month. Franchisees are also required to provide Dryject with annual reports of Gross Revenues, income statements and balance sheets from each Franchised Business' operation signed by them within sixty (60) days of the end of their fiscal or other operating year. Dryject reserves the right to require other additional reports, as are or may be more particularly set forth in their Operations Manual.
This means that a Dryject franchisee will need to factor in the costs associated with preparing and submitting these monthly reports, including accounting or bookkeeping fees if they choose to outsource this task. It is common practice in franchising for franchisees to bear the costs of reporting their financial performance to the franchisor, as this information is essential for calculating royalties and assessing the overall health of the franchise system.