What are the requirements for a Degree Wellness franchisee to renew or extend the franchise term?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| a. Length of franchise term | Section 2.1 | 10 years |
| b. Renewal or extension of the term | Section 2.4 | Additional terms of 10 years |
| c. Requirements for you to renew or extend | Section 2.4 | The term "renewal" means that you will be granted a franchise for 1 additional term, equal in length to the initial term, subject to your compliance with all the terms of the Franchise Agreement and all other agreements between you and us, |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 49–59)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the franchise agreement has an initial term of 10 years, with the option to renew for an additional term of 10 years. To renew the franchise agreement, a franchisee must comply with all the terms of the Franchise Agreement and all other agreements between the franchisee and Degree Wellness.
This means that a franchisee in good standing has the opportunity to continue operating their Degree Wellness franchise for another 10 years after the initial term expires. However, the renewal is not automatic. The franchisee must actively ensure they have met all obligations outlined in the franchise agreement, such as maintaining brand standards, meeting sales quotas, and making all required payments to Degree Wellness.
It is important for prospective franchisees to carefully review the franchise agreement to fully understand all the terms and conditions that must be met to qualify for renewal. This includes understanding the specific performance metrics, financial obligations, and adherence to Degree Wellness's operational standards. Failure to meet these requirements could result in the denial of the renewal, effectively ending the franchisee's right to operate the Degree Wellness business.