What was the total number of Dryject franchise transfers in 2023?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
| Net Change | |---|---|---|---|---| | Franchised | 2022 | 29 | 27 | -2 | | | 2023 | 27 | 29 | +2 | | | 2024 | 29 | 28 | -1 | | | | | | | | Company-Owned | 2022 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | | | 2024 | 0 | 0 | 0 | | | | | | | | Total Outlets | 2022 | 29 | 27 | -2 | | | 2023 | 27 | 29 | +2 | | | 2024 | 29 | 28 | -1 | | | | | | | The "company-owned" outlets referred to in this Table 1 were owned and operated by our affiliate.
Table No. 2 TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (OTHER THAN THE FRANCHISOR) FOR YEARS 2022 TO 2024
| State/Country | Year | Number of Transfers |
|---|---|---|
| Alabama | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Arizona | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| California | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| Colorado | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| --- | --- | --- |
| Connecticut | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Delaware | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Florida | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Georgia | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Illinois | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Kentucky | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Maine | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Maryland | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Massachusetts | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Michigan | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Minnesota | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| New Hampshire | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| --- | --- | --- |
| New York | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| New Jersey | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| North Carolina | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Ohio | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Oklahoma | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Pennsylvania | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| South Carolina | 20 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 42–49)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, there were a total of 4 franchise transfers in 2023. The data is broken down by state, showing that Alabama, Illinois, Oklahoma and Texas each had one transfer during that year.
Franchise transfers occur when an existing franchisee sells their business to a new owner, subject to the franchisor's approval. Monitoring the number of transfers can provide insight into the stability and desirability of the franchise system. A high number of transfers could indicate issues with franchisee profitability or satisfaction, while a low number may suggest a stable and healthy system.
For a prospective Dryject franchisee, understanding the transfer history can be valuable during their due diligence. It may be beneficial to speak with both current and former franchisees to understand the reasons behind any transfers and to assess the overall health of the Dryject franchise system. This information, combined with a review of the franchise agreement and discussions with the franchisor, can help in making an informed decision about investing in a Dryject franchise.