What specific date is used for the Dryject Management, LLC balance sheet?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
I have audited the accompanying financial statements of DryJect Management, LLC (a single member LLC), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of income and member's capital, and cash flows for the years then ended, and the related notes to the financial statements.
In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of DryJect Management, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the balance sheets included in the financial statements are as of December 31, 2024 and 2023. The auditor's report confirms that the audit covers the financial position of Dryject Management, LLC as of these dates. This means the financial data presented reflects the company's assets, liabilities, and equity on these specific year-end dates.
Prospective franchisees should pay close attention to these balance sheets as they provide a snapshot of Dryject's financial health and stability. Analyzing the balance sheets can reveal trends in the company's performance, such as changes in assets, debt levels, and overall equity. This information can be crucial in assessing the financial risks and potential rewards associated with investing in a Dryject franchise.
It is also important to note that the auditor has evaluated subsequent events through March 24, 2025, indicating that any significant events occurring after December 31, 2024, up to this evaluation date, have been considered for their potential impact on the financial statements. This provides an additional layer of assurance regarding the accuracy and completeness of the financial information presented.