What is the length of each additional term available for renewal or extension of a Degree Wellness franchise?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| a. Length of franchise term | Section 2.1 | 10 years |
| b. Renewal or extension of the term | Section 2.4 | Additional terms of 10 years |
| c. Requirements for you to renew or extend | Section 2.4 | The term "renewal" means that you will be granted a franchise for 1 additional term, equal in length to the initial term, subject to your compliance with all the terms of the Franchise Agreement and all other agreements between you and us, |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 49–59)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, a franchisee can renew their franchise for an additional term of 10 years, provided they meet the conditions outlined in the Franchise Agreement. This renewal option allows franchisees to continue operating their Degree Wellness studio beyond the initial term, offering long-term business continuity.
To be eligible for renewal, the franchisee must comply with all terms of the Franchise Agreement and any other agreements with Degree Wellness. This includes maintaining the premises, refurbishing and redecorating according to current standards, correcting any operational deficiencies, and signing the then-current franchise agreement and ancillary documents.
Additionally, the franchisee must pay a renewal fee (as detailed in Item 6 of the FDD) and sign a general release of claims against Degree Wellness and its affiliates. It's important to note that the renewal agreement may contain materially different terms and conditions than the original Franchise Agreement, and the franchisee's renewal is contingent upon accepting these new terms. This is a fairly standard practice in franchising, as franchisors update their agreements to reflect changes in the market and legal landscape.