factual

Who is required to complete the Degree Wellness Initial Training program during a transfer?

Degree_Wellness Franchise · 2025 FDD

Answer from 2025 FDD Document

  • c. the Proposed New Owner's directors and such other personnel as we may designate must have successfully completed our Initial Training program and shall be legally authorized and have all licenses necessary to perform the services offered by 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;

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

What This Means (2025 FDD)

According to Degree Wellness's 2025 Franchise Disclosure Document, during a franchise transfer, the Proposed New Owner's directors and any other personnel that Degree Wellness designates must successfully complete the Initial Training program. These individuals must also be legally authorized and possess all necessary licenses to perform the services offered by the Degree Wellness franchise.

This requirement ensures that the new leadership and designated staff are adequately trained in Degree Wellness's operational standards and service delivery. The Proposed New Owner is responsible for covering the wages, compensation, travel, and living expenses incurred by those attending the Initial Training program. This includes transportation costs, room, board, and meals if the training is not held virtually in the future.

For a prospective franchisee, this means that if they plan to sell their Degree Wellness franchise, the individuals taking over the business must undergo and successfully complete the Initial Training. This condition is in place to maintain the quality and consistency of the Degree Wellness brand across all franchise locations. The transfer will not be approved unless this training requirement is met, ensuring that the new owner and their team are fully prepared to operate the franchise according to Degree Wellness's standards.

This requirement is a standard practice in franchising to protect the brand and ensure consistent service quality. The cost of training the new owner and their team should be factored into the financial planning of the transfer, as the Proposed New Owner is responsible for these expenses.

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.