Where can Degree Wellness franchisees find the definition and discussion of the Technology Fee?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
- 6.4 Technology Fee. You are required to pay the monthly Technology Fee, defined and discussed in Section 11.4, for certain Website and technology-related services and expenses and any fees relating to the required human resources and payroll services discussed in Section 10.7.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the Technology Fee is defined and discussed in Section 11.4 of the agreement. Franchisees are required to pay this monthly fee, which covers website and technology-related services and expenses. It also includes fees related to required human resources and payroll services, as detailed in Section 10.7.
This means that prospective Degree Wellness franchisees should carefully review Section 11.4 to understand the specific services covered by the Technology Fee and how it is calculated. Additionally, Section 10.7 will provide further details on the human resources and payroll services that are part of this fee. Understanding these sections is crucial for budgeting and assessing the overall cost of operating a Degree Wellness franchise.
It is important for potential franchisees to clarify with Degree Wellness what specific technology services are included, the vendor providing human resources and payroll services, and whether there are any potential increases in these fees over the term of the franchise agreement. This will help in making an informed decision about the franchise opportunity.