What were the total 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 Amorti |
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 total expenses for 2023 were $1,210,402. These expenses encompass various operational costs, including legal and professional fees, bank and credit card fees, management fees, advertising and promotion, office expenses, bad debt, interest expense, and amortization expense. Understanding the breakdown of these expenses is crucial for potential franchisees to assess the financial health and operational efficiency of Dryject.
Specifically, the FDD lists several individual expense categories that contribute to the total. Management fees accounted for a significant portion at $710,000, while advertising and promotion expenses totaled $147,050. Other notable expenses include legal and professional fees at $80,748, bank and credit card fees at $25,452, interest expense at $58,564 and amortization expense at $155,203. These figures provide insight into where Dryject allocates its resources and can help franchisees anticipate similar costs in their own operations.
For a prospective Dryject franchisee, this information is essential for financial planning and forecasting. By examining the types and amounts of expenses Dryject incurred in 2023, a franchisee can develop a more realistic budget and understand the potential profitability of their franchise. It's important to note that these expenses may vary depending on factors such as location, market conditions, and the franchisee's management style. Therefore, further due diligence and consultation with Dryject are recommended to tailor these figures to individual circumstances.