What factors impact the cost to lease a Degree Wellness franchise location?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
Your cost to lease is difficult to quantify because there are factors that will impact what you pay.
These factors include the facility's location, its square footage, cost-per-square foot, renovation costs and any required maintenance fees.
Your landlord may refund your security deposit, but most will not refund rental payments.
You should ask your leasing agent or landlord about their refund policy before you sign a lease agreement.
Source: Item 7 — Estimated Initial Investment (FDD pages 22–26)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, several factors can influence the cost of leasing a location for your Degree Wellness studio. The FDD specifies that the size of the facility, measured in square footage, plays a significant role. The cost per square foot is another direct determinant of lease expenses. Additionally, any renovation costs required to adapt the space to Degree Wellness's standards, as well as ongoing maintenance fees, will impact the overall leasing expenses. The document estimates a lease security deposit of $11,318 to $34,668 for three months.
The FDD indicates that Degree Wellness expects the premises to be between 1,800 and 2,400 square feet. The security deposit is expected to be one month's rent, based on the franchisor's affiliates' recent experience. The document advises prospective franchisees to inquire about the landlord's or leasing agent's refund policies before signing any lease agreements.
Prospective franchisees should carefully evaluate locations, considering not only the base rent but also potential renovation needs and maintenance obligations. Understanding the typical lease terms and security deposit requirements in their target market is crucial for accurate financial planning. Degree Wellness also recommends using their third-party approved supplier for real estate and construction project management services.