What was the net change in the number of company-owned Degree Wellness outlets during 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 during 2024 was an increase of two locations. At the start of 2024, Degree Wellness had two company-owned outlets. By the end of 2024, this number had increased to four company-owned outlets.
This increase in company-owned locations could signal a few things to a potential franchisee. It may indicate that Degree Wellness is investing in its own brand and testing new strategies in these locations. It could also mean that Degree Wellness is finding certain markets where company-owned stores are more profitable or easier to manage than franchised locations.
However, it's important to note that while the number of company-owned stores increased, the number of franchised locations remained at zero for the years 2022, 2023 and 2024. A prospective franchisee should inquire with Degree Wellness about their long-term strategy for company-owned versus franchised locations and how they plan to support franchisees in the future.