What was the total number of Dryject franchise transfers in 2024?
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 zero franchise transfers in 2024. The FDD provides a table that breaks down the number of franchise transfers by state and year. This data helps prospective franchisees understand the stability and resale activity within the Dryject franchise system.
The absence of franchise transfers in 2024 could indicate several things. It might suggest that franchisees are generally satisfied with their businesses and are not looking to sell. Alternatively, it could reflect challenges in finding buyers or obtaining franchisor approval for transfers. Understanding the reasons behind this low transfer rate would be a valuable area of inquiry for potential franchisees.
Reviewing the transfer data for previous years, 2022 and 2023, shows a total of one transfer in 2022 and four in 2023. This historical context provides a clearer picture of the typical transfer activity within the Dryject system, suggesting that 2024 was an anomaly. A prospective franchisee should investigate why 2024 saw no transfers to fully assess the health and desirability of existing franchises.
The FDD also lists the names, addresses, and telephone numbers of franchisees who have transferred their outlets within the last fiscal year in Exhibit I. This exhibit can be a valuable resource for prospective franchisees to gain insights into the transfer process and the experiences of those who have bought or sold a Dryject franchise.