What is the non-refundable transfer fee required to transfer a Degree Wellness franchise?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
y the Franchise. The Proposed New Owner shall be responsible for any wages and compensation owed to, and the travel and living expenses (if the Initial Training program is not held virtually in the future, and including all transportation costs, room, board and meals) incurred by, the attendees who attend the Initial Training program;
- d. if your
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, a franchisee must pay a non-refundable transfer fee of $10,000 to Degree Wellness when transferring ownership of their franchise. This fee is due concurrently with the execution of the Transfer Agreement.
In addition to the transfer fee, the franchisee is responsible for reimbursing Degree Wellness for any reasonable expenses incurred while investigating and processing the proposed new owner. This reimbursement applies even if the transfer is not completed for any reason. This means a franchisee could incur costs beyond the $10,000 transfer fee, regardless of whether the transfer is successful.
It is important to note that the transfer is contingent upon meeting other conditions, such as the proposed new owner meeting Degree Wellness's standards for franchisees, completing the initial training program, and securing the lessor's consent for lease assignment if required. The franchise and premises must also be in good condition. The transfer is not solely dependent on paying the transfer fee. These additional requirements are typical in franchise agreements to ensure brand consistency and the continued success of the franchise system.