When is the Initial Franchise Fee and Initial Training Fee for a Degree Wellness franchise payable?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
TMENT YOUR ESTIMATED INITIAL INVESTMENT**
Single Studio
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment Is To |
|---|---|---|---|---|
| Be Made | ||||
| Franchise License Fee (1) | $49,500 to $49,500 | Lump Sum | At signing of Franchise Agreement | Us |
| Initial Training Fee | $8,000 to $8,00 |
Source: Item 7 — Estimated Initial Investment (FDD pages 22–26)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the Initial Franchise Fee, ranging from $49,500 to $49,500, and the Initial Training Fee of $8,000 are both payable in a lump sum when signing the Franchise Agreement. These fees are paid directly to Degree Wellness.
This means that a prospective Degree Wellness franchisee must have these funds available at the time of signing the agreement to secure the rights to open and operate a franchise. It's a standard practice in franchising to collect these fees upfront to cover the franchisor's initial costs of granting the franchise and providing initial training.
The FDD also notes that these fees are generally non-refundable once paid, so a potential franchisee should carefully consider their decision before signing the agreement. This is a common clause in franchise agreements, as the franchisor incurs costs from the moment the agreement is signed.
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment Is To |
|---|---|---|---|---|
| Franchise License Fee (1) | $49,500 to $49,500 | Lump Sum | At signing of Franchise Agreement | Us |
| Initial Training Fee | $8,000 to $8,000 | Lump Sum | At signing of Franchise Agreement | Us |