What was the total value of Dryject's member's capital in 2022?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
ther matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that I identified during the audit.
Neptune, New Jersey
KOGER K. STEIN, CPA LLC
March 31, 2023
DRYJECT MANAGEMENT, LLC BALANCE SHEETS DECEMBER 31, 2022 AND 2021
| 2022 | _ | 2021 | ||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets: | ||||
| Cash | S | 168,705 | $ | 246,487 |
| Accounts receivable | 206,666 | 133,394 | ||
| Total Current Assets | - | 375,371 | 379,881 | |
| Intangible Assets: | ||||
| Goodwill | 1,509,159 | 1,509,159 | ||
| Organization costs | 9,618 1,518,777 | 9,618 1,518,777 | ||
| Less: Accumulated Amortization | 7 | (977,993) | (827,078) | |
| Net Intangible Assets | 540,784 | 691,699 | ||
| Total Assets | $ | 916,155 | s | 1,071,580 |
| LIABILITIES AND MEMBER'S CAPITAL | ||||
| Current Liabilities: | ||||
| Accounts payable | $ | 195,817 | $ | 173,723 |
| Accrued expenses | 20,910 | 12,394 | ||
| Current portion of long-term debt | 148,217 |
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the total value of the company's member's capital in 2022 was $8,384. This figure represents the equity or ownership stake in Dryject held by its member(s) after accounting for all assets and liabilities. It is a key indicator of the company's net worth and financial stability.
For a prospective Dryject franchisee, understanding the member's capital is crucial as it reflects the financial health and investment in the franchise system. A higher member's capital generally indicates a stronger financial foundation, which can translate to better support and resources for franchisees. Conversely, a low or negative member's capital might raise concerns about the company's ability to sustain operations and provide adequate support.
It is important to note that member's capital can fluctuate from year to year due to various factors such as profits, losses, investments, and distributions. Therefore, it is advisable for potential franchisees to review the trend of member's capital over several years to gain a comprehensive understanding of the company's financial performance. Additionally, comparing Dryject's member's capital to that of other similar franchise systems can provide valuable insights into its relative financial strength.
Prospective franchisees should also consider this figure in conjunction with other financial metrics and information provided in the FDD, such as the company's balance sheets, income statements, and cash flow statements, to conduct a thorough due diligence and assess the overall financial viability of the Dryject franchise opportunity.