What condition must the Degree Wellness franchise and premises be in before a transfer can occur?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
h. the Franchise and the Premises shall have been placed in an attractive, neat and sanitary condition.
j. the Franchise shall have been determined by us to contain all equipment and fixtures in good working condition, as were required at the initial opening of the Franchise. The Proposed New Owner shall have agreed, in writing, to make such reasonable capital expenditures to remodel, equip, modernize and redecorate the interior and exterior of the premises in accordance with our then existing plans and specifications for a Degree Wellness Studio franchise, and shall have agreed to pay our expenses for plan preparation or review, and site inspection.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to the 2025 Degree Wellness Franchise Disclosure Document, before a franchise can be transferred, the franchise and premises must be in an attractive, neat, and sanitary condition. Additionally, all equipment and fixtures must be in good working condition, as required at the initial opening of the franchise.
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 according to Degree Wellness's then-existing plans and specifications for a Degree Wellness Studio franchise. The new owner must also agree to pay Degree Wellness's expenses for plan preparation or review and site inspection.
These conditions ensure that the Degree Wellness brand maintains a consistent standard and appearance, protecting the brand's reputation and ensuring customer satisfaction. By requiring the new owner to invest in updates and renovations, Degree Wellness aims to keep the franchise competitive and aligned with current brand standards. This also protects the investment of other franchisees in the Degree Wellness system.