How many Degree Wellness franchise agreements have been signed in Florida, but the outlets have not yet opened?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Franchise | Projected New | Projected New |
|---|---|---|---|
| Agreements Signed | Franchised Outlets | Company-Owned | |
| but Outlets Not | in the Next Fiscal | Outlets in the Next | |
| Opened | Year | Fiscal Year | |
| AL | 1 | 1 | 0 |
| AZ | 1 | 1 | 0 |
| FL | 6 | 6 | 0 |
| GA | 2 | 2 | 0 |
| IN | 1 | 1 | 0 |
| NC | 2 | 1 | 0 |
| NJ | 1 | 1 | 0 |
| NV | 2 | 2 | 0 |
| PA | 2 | 2 | 0 |
| TX | 4 | 4 | 0 |
| UT | 1 | 1 | 0 |
| Total | 23 | 23 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 63–66)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, as of the end of the fiscal year on December 31, 2024, there were six franchise agreements signed in Florida for Degree Wellness studios, but the outlets had not yet opened.
This indicates that Degree Wellness is in the process of expanding its presence in Florida. These franchisees have committed to opening locations, but have not yet completed the necessary steps to begin operations. This could be due to various factors such as securing real estate, construction, permitting, or training.
For a potential franchisee, this information suggests that the Florida market is of interest to Degree Wellness. It also means that there may be opportunities to establish a Degree Wellness studio in Florida, but it's important to consider the stage of development of these existing franchise agreements. A prospective franchisee should inquire about the timeline for these locations to open and whether this will impact their own potential market.