Does the Degree Wellness Franchise Disclosure Document include statements of income?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Franchise Disclosure Document as Exhibit G are:
Degree Wellness Franchise, LLC's audited balance sheets as of December 31, 2024, and the related statements of income, retained earnings, and of cash flow for the years then ended. We have not been in business for three years or more and cannot include all the financial statements required by the Rule
Source: Item 21 — Financial Statements (FDD page 66)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the document includes statements of income. Specifically, Item 21 states that Degree Wellness's audited balance sheets as of December 31, 2024, are attached as Exhibit G, along with related statements of income, retained earnings, and cash flow statements for the years then ended.
However, Degree Wellness notes that because it has not been in business for three years or more, it cannot include all the financial statements typically required by the FTC Franchise Rule. This means that while some financial statements are provided, a prospective franchisee should be aware that the historical financial data may be limited due to the company's relatively short operating history.
Prospective franchisees should carefully review Exhibit G and consider the implications of the limited financial history when evaluating the Degree Wellness franchise opportunity. It would be prudent to ask Degree Wellness for any additional financial information or projections to supplement the provided statements and gain a more comprehensive understanding of the potential financial performance of a franchise.