What condition must a Degree Wellness franchise meet regarding equipment and fixtures before a transfer can be approved?

According to Degree Wellness's 2025 Franchise Disclosure Document, before a franchise can be transferred, Degree Wellness must determine that the franchise contains all equipment and fixtures in good working condition, as were required at the initial opening of the franchise. Additionally, the proposed new owner must agree in writing to make reasonable capital expenditures to remodel, equip, modernize, and redecorate the interior and exterior of the premises. This remodeling must align with Degree Wellness's then-existing plans and specifications for a Degree Wellness Studio franchise. The proposed new owner must also agree to cover Degree Wellness's expenses for plan preparation or review and site inspection.

This requirement ensures that the Degree Wellness franchise maintains a consistent standard and appearance, aligning with the brand's image. It protects the brand's reputation and ensures that new owners invest in keeping the studio up to date. The obligation for the new owner to cover remodeling and inspection costs can be a significant financial consideration for a prospective franchisee.

Prospective franchisees should carefully evaluate the potential costs associated with these required upgrades and factor them into their financial projections. They should also seek clarity from Degree Wellness regarding the specifics of these required capital expenditures, including the expected amount and timeline for completion. Understanding these costs upfront is crucial for making an informed decision about acquiring a Degree Wellness franchise.