What is the fiscal year end for Degree Wellness?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
Our fiscal year end is December 31. The Franchisor has not been in business for three years or more, and cannot include all financial statements required by the FTC Franchise Rule.
Source: Item 21 — Financial Statements (FDD page 66)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31st. This is a standard fiscal year-end for many businesses, as it aligns with the calendar year.
For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It dictates the timeline for financial reporting, including the annual audited financial statements provided in the FDD. These statements offer insights into the financial health and performance of Degree Wellness.
Knowing the fiscal year-end also helps franchisees align their own financial planning and reporting with that of the franchisor. This can be particularly relevant for budgeting, forecasting, and understanding royalty payment schedules, as these are often tied to the franchisor's financial calendar.