What is the status of Studio 2's relocation as of the issuance date of the Degree Wellness Disclosure Document?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
Studio 2 is being relocated to a new site in order to offer these services. As of the issuance date of this Disclosure document Studio 2 has terminated its original lease and entered into a new lease. However, it has not yet completed its relocation.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 60–63)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, as of the issuance date, Studio 2 was in the process of being relocated to a new site. The reason for the relocation is to allow Studio 2 to offer key services and features it previously could not, specifically contrast therapy, cold plunge, and showers.
As of the issuance date of the 2025 Disclosure document, Degree Wellness states that Studio 2 had already terminated its original lease and entered into a new lease. However, the relocation had not yet been completed.
The FDD also notes that Studio 2 was excluded from Chart 2, which discloses the historical performance of 3 affiliate-owned locations for the first quarter of 2025. The reason for this exclusion is that Studio 2 was winding down operations during the 2025 measurement period due to the relocation process. This implies that its financial performance during that period would not be representative of a typical operating studio.