Risk Score
Pending analysis
Investment Range
$44,620 - $264,650
Franchise Fee
$29,500
Min Cash Required
$2,000
Total US Locations
28
Business Summary
DryJect offers and sells franchises for businesses that specialize in a patented, unique, and exclusive natural grass aeration service. DryJect franchisees provide this service to golf courses and other sports field customers, allowing for smooth, playable surfaces when aeration holes are filled with sand or soil amendments. This technology aims to provide greater customer satisfaction and reduce costs compared to alternative aeration methods.
Corporate History
DryJect Management, LLC was formed as a Pennsylvania limited liability company on March 25, 2014. However, the DryJect business system has a longer history, originating from a predecessor entity, DryJect, LLC, a New Jersey company formed in May 2001. This predecessor began selling franchises for natural grass aeration services in June 2001. After a period where the assets were acquired and then re-acquired by the current principals in 2008, DryJect Management, LLC officially began selling DryJect franchises after its merger in September 2014. An affiliate, DryJect Inc. Acquisition Corporation, formed in 2016, manufactures the specialized DryJect machines that franchisees are required to purchase. DryJect Management, LLC focuses solely on selling and supporting these franchises.
Financial Overview
Investment Range
$44,620 - $264,650
Franchise Fee (Low)
$29,500
Franchise Fee (High)
$29,500
Minimum Cash Required
$2,000
Royalty %
8%
Marketing %
2%
Equipment Costs (Low)
$2,900
Equipment Costs (High)
$165,100
Working Capital
$11,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Going concern qualification
Financial Health Notes
The financial statements for DryJect Management, LLC include a going concern qualification, indicating that the company has experienced recurring operational losses and has a working capital deficiency. These factors raise substantial doubt about DryJect Management, LLC's ability to continue as a going concern, meaning there are concerns about its financial capacity to meet its obligations in the normal course of business.
Financing Details
DryJect Management, LLC does not offer any direct or indirect financing to its franchisees. Additionally, the franchisor does not guarantee any notes, leases, or other financial obligations for its franchisees.
Performance Metrics
Total US Locations
28
Franchised Units
28
Corporate Units
0
Franchising Since
2001
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
DryJect Management, LLC has no litigation history to report. Item 3 of the FDD states that no litigation is required to be disclosed.
Bankruptcy History
DryJect Management, LLC has no bankruptcy history to report. Item 4 of the FDD states that no bankruptcy information is required to be disclosed.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew their franchise, DryJect Management, LLC franchisees must provide written notice between six and twelve months before the current term expires. They must be in full compliance with their Franchise Agreement and any other agreements with the franchisor, and all financial obligations must be satisfied. Franchisees will need to sign the franchisor's then-current standard franchise agreement, which may contain different terms, meet current franchisee qualifications, and pay a renewal fee equal to 20% of the then-current initial franchise fee. A general release of claims against DryJect Management, LLC and its affiliates is also required, and the franchisee or an approved representative must complete any retraining or refresher courses deemed necessary by the franchisor.
Training & Support Program
Franchisor Assistance
DryJect Management, LLC provides a range of assistance to its franchisees. Before opening, DryJect designates the franchisee's territory, identifies necessary equipment and supplies (including proprietary DryJect machines), provides initial training for two individuals, allows use of the Operations Manual, offers advice on opening preparations, and supplies initial logo apparel and business materials. After opening, DryJect offers on-site assistance for a period, provides access to optional continuing training, conducts inspections, issues updated lists of approved suppliers, offers periodic advice through various media, and maintains the DryJect Internet Website where franchisee contact information is listed. DryJect may also search for cost-efficient suppliers, maintain promotional materials, perform quality control visits, and evolve business operations. Franchisees are required to attend national or regional conferences, for which a registration fee may be charged.
Initial Training Hours
32
Training Location
Hatboro, PA
Ongoing Support
After opening, DryJect Management, LLC provides franchisees with on-site assistance for a period of time, for which franchisees must give 30 days prior notice. Franchisees have access to optional continuing training courses. The franchisor also inspects the franchised business as deemed advisable and provides updated lists of approved equipment, supplies, and vendors. Franchisees receive periodic advice and guidance through meetings, printed materials, and other media. DryJect Management, LLC maintains the DryJect Internet Website, which includes franchisee contact information. Additionally, the franchisor may conduct annual national or regional conferences, which franchisees are required to attend and pay for their expenses and a registration fee.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Absentee Allowed
Territory Type
Non-Exclusive
Territory Size Requirements
DryJect Management, LLC grants franchisees a Designated Territory which is defined as an area large enough to include at least 200 eighteen-hole golf courses within its boundaries. The franchisor states that territories are non-exclusive, meaning franchisees may face competition from other DryJect franchisees or company-owned outlets, and the franchisor may also compete by acquiring or merging with other businesses under different names, even within a franchisee's territory.
Staffing Notes
DryJect Management, LLC states that franchisees are not required to personally operate the business but must always have a fully trained manager. DryJect provides on-site opening training for initial employees (not exceeding three days). The franchisee is solely responsible for all employment-related decisions for their employees, including wages, benefits, hiring, firing, and daily supervision, as DryJect Management, LLC does not act as a 'joint employer.' The Operations Manual includes details regarding job descriptions for general managers and contract laborers, labor costs, scheduling, and arrangements with contract labor suppliers.