When was Degree Wellness Franchise, LLC formed?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
Degree Wellness Franchise, LLC (the "Company") was formed in February 2024. The Company's operations are principally related to the sale and support of franchises for wellness lounges under the "Degree Wellness" name in the United States of America. The Company was formed as a multiple member LLC with a perpetual existence. The liability of the members of the Company is limited to the members' total capital contributions.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, Degree Wellness Franchise, LLC was formed in February 2024. The company's primary business is selling and supporting franchises for wellness lounges under the Degree Wellness name within the United States. The company is structured as a multiple member LLC, which means that the members' liability is limited to their capital contributions.
This information is crucial for prospective franchisees as it provides insight into the company's establishment date and business focus. Knowing that Degree Wellness was formed in early 2024 indicates that it is a relatively new franchise system. While not inherently negative, franchisees should be aware that newer franchisors may have less operational history and brand recognition compared to more established brands.
The fact that Degree Wellness is an LLC also has implications for liability. The members' liability is limited to their capital contributions, which can offer some protection in the event of business debts or lawsuits. This is a common structure for franchise companies as it shields the personal assets of the owners from business liabilities. Prospective franchisees should carefully consider the implications of the franchisor's business structure as part of their due diligence process.