What is the Degree Wellness transfer fee?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
l Franchise Agreement. |
| Type of Fee (1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer Fee | $10,000.00 | Before transfer completed | Applies to any transfer of the Franchise Agreement, the franchise, or a controlling interest in the franchise. You must pay this fee to us concurrently with the execution of a transfer agreement, including a general release in favor of us, our affiliates, and our and their office |
Source: Item 6 — Other Fees (FDD pages 14–21)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the transfer fee is $10,000. This fee is required before the completion of any transfer of the Franchise Agreement, the franchise itself, or a controlling interest in the franchise.
The $10,000 transfer fee must be paid to Degree Wellness concurrently with the execution of a transfer agreement. As part of this agreement, the franchisee must provide a general release in favor of Degree Wellness, its affiliates, and their respective officers, directors, employees, and agents.
This fee covers Degree Wellness's administrative costs and legal review associated with the transfer process. It is a standard practice in franchising to charge a transfer fee to ensure that the new franchisee meets the franchisor's standards and to cover the costs of updating records and providing necessary training or support to the new owner. Prospective franchisees should factor this fee into their financial planning if they anticipate selling their Degree Wellness franchise in the future.