What is the Technology Fee for Degree Wellness franchisees, and how is it used?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
- 6.4 Technology Fee. You are required to pay the monthly Technology Fee, defined and discussed in Section 11.4, for certain Website and technology-related services and expenses and any fees relating to the required human resources and payroll services discussed in Section 10.7.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, franchisees are required to pay a monthly Technology Fee. This fee, as defined and discussed in Section 11.4 of the FDD, covers certain website and technology-related services and expenses. It also includes any fees relating to the required human resources and payroll services discussed in Section 10.7.
This means that as a Degree Wellness franchisee, you will have ongoing technology costs to maintain your online presence and utilize the brand's technology infrastructure. Additionally, a portion of this fee will contribute to the costs associated with human resources and payroll services, which Degree Wellness mandates franchisees use.
Prospective franchisees should carefully review Sections 11.4 and 10.7 of the Degree Wellness FDD to fully understand the scope of services covered by the Technology Fee and the specific amounts involved. Understanding these costs is crucial for accurate financial planning and assessing the overall profitability of a Degree Wellness franchise.