What is the length, in years, of each renewal term for 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, the renewal term for a franchise is 10 years. The initial franchise term is also 10 years, and the renewal term is equal in length to the initial term.
To renew the franchise, the franchisee must comply with all the terms of the Franchise Agreement and any other agreements between the franchisee and Degree Wellness. This means the franchisee must be in good standing and meet all obligations to be eligible for renewal.
This information is important for prospective franchisees as it outlines the duration of their commitment and the requirements for extending that commitment. Understanding the renewal terms allows franchisees to plan for the long-term and ensure they meet the necessary criteria for renewal.