What must a Degree Wellness Licensed Provider do with the money in the Licensed Provider Account at the end of each day?

According to Degree Wellness's 2025 Franchise Disclosure Document, a Licensed Provider is responsible for transferring the money in the Licensed Provider Account to Management Company's operating account at the end of each day. The Licensed Provider must also grant Management Company the necessary rights to access all information regarding the Licensed Provider Account and to facilitate daily fund transfers.

This requirement ensures that Management Company has control over the funds generated by the Degree Wellness Studio. This arrangement likely streamlines financial operations and allows Management Company to manage revenue and expenses efficiently.

For a prospective franchisee, this means they will not have direct control over the daily revenue generated by their Degree Wellness location. Instead, they must rely on Management Company to manage the funds and ensure proper accounting. It is important for potential franchisees to understand the implications of this arrangement and to have confidence in Management Company's financial management capabilities.

It would be prudent for a prospective Degree Wellness Licensed Provider to seek clarification from the franchisor regarding the specific procedures for transferring funds, the frequency of financial reporting, and the mechanisms in place to ensure transparency and accountability in the management of the Licensed Provider Account.