How often will Degree Wellness provide an accounting of the advertising fund?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
We will prepare an annual, unaudited statement of monies collected and costs incurred by the Fund and will make it available to you on written request.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, Degree Wellness will prepare an annual, unaudited statement of monies collected and costs incurred by the advertising fund. This statement will be made available to franchisees upon written request.
This means that while Degree Wellness is not obligated to proactively distribute the advertising fund statement, it will provide one annually if a franchisee requests it in writing. The statement is unaudited, meaning it has not been verified by an independent accounting firm.
It is important for prospective franchisees to understand that the advertising fund is intended to maximize recognition of the Degree Wellness brand. Degree Wellness has sole discretion over advertising programs and is not obligated to ensure that expenditures in any geographic area are proportionate to contributions from franchisees operating in that area. Degree Wellness is also not considered a fiduciary with respect to the fund's management.