What was the total amount of franchise fees Dryject collected 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 | | |-----------------------------------------------------------------------------------------------------------------------------------------------------
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the company's revenue from franchise fees in 2023 was $918,507. In addition to this, Dryject also collected $169,100 in initial, renewal, modification, and transfer fees during the same year. These figures represent the income Dryject generated specifically from its franchising activities.
For a prospective Dryject franchisee, understanding these revenue streams is crucial. The franchise fees represent ongoing payments from franchisees, while the initial, renewal, modification, and transfer fees are typically one-time charges. The initial fee is paid when a new franchise agreement is signed. Renewal fees are paid when franchisees renew their agreement. Modification fees are paid when changes are made to the agreement. Transfer fees are paid when a franchise is sold to a new owner.
It's important to note that these figures reflect Dryject's gross revenue and do not account for any expenses the company incurred. A potential franchisee should review Dryject's expenses, also detailed in the FDD, to get a sense of the company's overall profitability. Additionally, it would be wise to compare these figures with previous years to identify any trends or fluctuations in Dryject's franchise-related income.