How many franchised Degree Wellness outlets were operating at the end of 2023?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Start of the Year | ||||
| Franchised | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | |
| Company | 2022 | 2 | 2 | 0 |
| Owned | ||||
| 2023 | 2 | 2 | 0 | |
| 2024 | 2 | 4 | +2 | |
| Total Outlets | 2022 | 0 | 0 | 0 |
| 2023 | 2 | 2 | 0 | |
| 2024 | 2 | 4 | +2 |
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, there were no franchised outlets operating at the end of 2023. The provided table in Item 20 shows the number of outlets at the start and end of each year from 2022 to 2024, as well as the net change in outlets. For franchised outlets, the table indicates there were zero outlets at the start of 2023, zero at the end of 2023, resulting in a net change of zero.
This information is crucial for potential franchisees as it provides insight into the growth and current scale of Degree Wellness's franchise system. The absence of any franchised locations open at the end of 2023 could suggest that the franchise system is relatively new or that it has faced challenges in establishing franchised locations.
It's important to note that while there were no franchised outlets, Degree Wellness did have company-owned outlets. In 2023, Degree Wellness had 2 company-owned outlets. A prospective franchisee should further investigate the reasons behind the lack of franchised locations and understand the franchisor's strategy for expanding its franchise network.