factual

How often is the Degree Wellness continuing franchise fee payable?

Degree_Wellness Franchise · 2025 FDD

Answer from 2025 FDD Document

These contributions will be payable weekly with and at the same time as your Continuing Franchise Fees payable under Paragraph 6.2 above.

Source: Item 23 — Receipts (FDD pages 66–257)

What This Means (2025 FDD)

According to Degree Wellness's 2025 Franchise Disclosure Document, the continuing franchise fees are payable weekly. The FDD specifies that contributions to the Brand Fund, which are a percentage of gross revenues, are also payable weekly, at the same time as the continuing franchise fees.

This weekly payment schedule means that Degree Wellness franchisees must maintain a close watch on their revenue and ensure timely payments to avoid penalties or potential breaches of the franchise agreement. It also requires franchisees to have systems in place for accurate and frequent revenue reporting.

Franchisees should be aware that Degree Wellness has the right to apply payments to any outstanding debts, such as past due franchise fees or fund contributions, regardless of how the franchisee designates the payment. Additionally, franchisees are not allowed to withhold payments of continuing franchise fees or any other amounts due to Degree Wellness, even in cases of alleged non-performance by Degree Wellness.

Prospective franchisees should carefully consider the implications of weekly payments on their cash flow management and ensure they understand all the terms and conditions related to fee payments as outlined in the Franchise Agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.