Does the Degree Wellness Franchise Disclosure Document include statements of retained earnings?
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)
Yes, according to the 2025 Degree Wellness Franchise Disclosure Document, the financial statements attached as Exhibit G include audited balance sheets as of December 31, 2024, and related statements of income, retained earnings, and cash flow for the years then ended.
However, because Degree Wellness has not been in business for three years or more, the FDD states that it cannot include all the financial statements typically required. This means a prospective franchisee should be aware that the financial history presented might be limited compared to more established franchises.
It is important for potential Degree Wellness franchisees to carefully review these financial statements and consult with a financial advisor to understand the franchisor's financial health and stability. This is especially crucial given the limited operating history of the company.