What was the net change in the number of company-owned Degree Wellness outlets in 2024?
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, the net change in the number of company-owned outlets in 2024 was an increase of two locations. At the start of 2024, Degree Wellness had two company-owned outlets. By the end of 2024, the number of company-owned locations had increased to four. This represents a net change of +2 outlets for company-owned locations during that year.
For a prospective franchisee, this indicates the growth and expansion of Degree Wellness through company-owned locations. It could suggest the brand is investing in its own infrastructure and testing new strategies in these locations before rolling them out to franchisees. This could be seen as a positive sign, as the franchisor has "skin in the game" and is actively involved in the business.
However, it is important to note that the growth in company-owned stores does not necessarily reflect the performance or success of franchised locations. A potential franchisee should investigate the performance of existing franchised locations, review franchisee testimonials, and conduct thorough due diligence to assess the overall health and potential of the Degree Wellness franchise system.