What successor fee is required for a Dermani Medspa franchisee to renew their franchise agreement?

According to Dermani Medspa's 2025 Franchise Disclosure Document, a franchisee must pay a successor fee to renew their franchise agreement. This fee is equal to ten percent of the then-current initial franchise fee for a single unit franchise. This fee is just one of several conditions that must be met to obtain a Successor Franchise Agreement.

Other conditions include executing the then-current form of the Successor Franchise Agreement, which may have terms that differ from the original agreement. The franchisee must also sign a general release of claims against Dermani Medspa and related parties, comply with current qualification and training requirements, and maintain the right to use the premises or secure an approved substitute.

Additionally, the franchisee must make any necessary modifications and improvements to the franchised business to comply with the System Standards for new Medspas. They must also maintain a Management Agreement with a PC (Professional Corporation), subject to Dermani Medspa's approval. Dermani Medspa also reserves the right to re-evaluate the franchisee's territory based on demographics, potentially modifying it to align with the target demographics of new franchises.

It is important for prospective franchisees to understand all the conditions for renewal and the potential costs involved, including the successor fee and any required upgrades or modifications to the business. The re-evaluation of the territory could also impact the franchisee's future operations and revenue potential.