What was the total amount of expenses for Dryject in 2023?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
ion | 7 | | | 2 /2,02 / | | Long term debt - net of current portion Total Liabilities | _ | 644,594 Ordenda Mada de | 20 | 907,771 000000000000000000000000000000000000000 |
DRYJECT MANAGEMENT, LLC STATEMENTS OF INCOME AND MEMBER'S CAPITAL FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| 2023 | 2022 | |||
|---|---|---|---|---|
| Revenue: Franchise fees Initial, renewal, modification and transfer fees | $ 918,50 169,10 | ) | 845,134 41,337 | |
| Advertising fees Total Revenue | 143,600 1,231,207 | 1,036,071 | ||
| Expenses: Legal and professional Bank and credit card fees Management fees Advertising and promotion Office Bad debt Interest expense Amortization expense | 80,74 25,45 710,000 147,05 1,20 32,18 |
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the total expenses for the company in 2023 were $1,210,402. This figure is derived from the company's financial statements for the year ending December 31, 2023. The expenses include various operational costs such as legal and professional fees, bank and credit card fees, management fees, advertising and promotion, office expenses, bad debt, interest expense, and amortization expense.
For a prospective Dryject franchisee, understanding the franchisor's expenses can provide insight into the financial health and stability of the company. Knowing the specific expense categories can also help franchisees anticipate potential costs they may encounter in their own operations. For instance, the management fees of $710,000 in 2023 indicate the cost Dryject incurs for managing the franchise system, which could be related to the support and services they provide to franchisees.
It's important to note that these expenses reflect the franchisor's costs and not necessarily the costs a franchisee will incur. However, reviewing these figures in conjunction with other financial data in the FDD, such as revenue and net income, can offer a more comprehensive view of Dryject's financial performance. Franchisees should also compare these expenses with industry benchmarks to assess whether they are reasonable and sustainable.