When is the Degree Wellness transfer fee due?
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 of $10,000 is due before the transfer is completed. This fee applies to any transfer of the Franchise Agreement, the franchise itself, or a controlling interest in the franchise.
Specifically, Degree Wellness requires that the franchisee pay the transfer fee concurrently with the execution of a transfer agreement. This agreement must include a general release in favor of Degree Wellness, its affiliates, and their respective officers, directors, employees, and agents.
This means a prospective Degree Wellness franchisee needs to have the $10,000 transfer fee ready and available before finalizing any transfer agreement. Failing to pay this fee on time could delay or even prevent the transfer from happening. It is important to note that this fee is in addition to any other costs associated with the transfer, such as legal or brokerage fees.