Get Franchise Bundle
Get Full Bundle:
$99 $79
$79 $49
$49 $29

TOTAL:

Description
Investment Icon

What Are the Initial Investment Requirements for The Joint Chiropractic Franchise?

To start a The Joint Chiropractic franchise, you should be prepared for an initial investment ranging from $254,250 to $520,800. This includes a franchise fee of $39,900. Additionally, you will need to meet a net worth requirement of $300,000 to $600,000. It's important to have sufficient cash on hand to cover these costs and any unexpected expenses that may arise during the setup phase.

Fees Icon

What Are the Ongoing Fees and Financial Performance Indicators for The Joint Chiropractic?

The Joint Chiropractic franchise has ongoing fees that include a royalty fee of 7% of gross revenue and a marketing fee of 5%. On average, franchisees generate annual revenues of approximately $615,487, with a median revenue of $532,094. The breakeven time for new units is around 12 months, and the investment payback period is estimated at 23 months, making it a potentially lucrative opportunity for those who can manage their operations effectively.

Revenue Icon

How Many Units Does The Joint Chiropractic Have and What Is Their Growth Trend?

The Joint Chiropractic has shown significant growth over the years. In 2021, there were 611 total units, of which 515 were franchised. By 2023, the total units increased to 847, with 712 being franchised. This upward trend reflects the brand's expanding presence and popularity within the chiropractic industry, indicating a strong market demand for their services.

Breakeven Icon

What Are the Key Operational Costs for The Joint Chiropractic Franchise?

Franchisees of The Joint Chiropractic should be aware of their operational costs, which include labor expenses averaging $292,170, facilities expenses around $64,307, and insurance costs of about $8,299. The total annual operating expenses amount to approximately $504,677, which includes royalty and brand fund fees. Understanding these costs is crucial for effective budgeting and financial planning in order to ensure profitability.

The Joint Chiropractic Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

Net Worth Required icon The minimum total assets (minus liabilities) you must possess.

i Net Worth Required:

$300,000 - $600,000
Investment Payback icon The estimated period to recoup your total investment.

i Investment Payback:

23 Months
Franchise Fee icon The initial fee paid to join the franchise system.

i Franchise Fee:

$39,900
Royalty Fee icon Ongoing percentage of revenue paid to the franchisor.

i Royalty Fee:

7%
Marketing Fee icon Regular contribution toward the franchise’s advertising fund.

i Marketing Fee:

5%
Breakeven Time icon The estimated timeframe to recover your initial costs.

i Breakeven Time:

12 Months
Initial Investment icon The total amount required to launch the franchise.

i Initial Investment:

$254,250 - $520,800
Cash Required icon The minimum liquid capital you must have on hand.

i Cash Required:

$254,250 - $520,800
Average Revenue icon The typical yearly revenue generated per franchise location.

i Average Revenue:

$615,487
Median Revenue icon The middle value of yearly revenue among franchise locations.

i Median Revenue:

$532,094
Highest Revenue icon The largest reported annual revenue among franchisees.

i Highest Revenue:

$1,708,357
Lowest Revenue icon The smallest reported annual revenue among franchisees.

i Lowest Revenue:

$142,288
Industry icon A broad sector defining similar types of franchise businesses.

i Industry:

Health & Beauty Franchises
Category icon A more specific division within the broader industry.

i Category:

Spas
Leadership icon The key individuals guiding the franchise’s strategy and growth.

i Leadership:

Peter Holt
Corporate Address icon The official business address of the franchisor’s headquarters.

i Corporate Address:

16767 N. Perimeter Dr., Suite 240 Scottsdale, Arizona 85260
Funding Year icon Available financing options to help start the franchise.

i Funding Year:

2010
Parent Company icon The main organization that owns the franchise brand.

i Parent Company:

The Joint Corp.

The Joint Chiropractic Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes.

The overall number of operating franchise locations.

Total Units i

935
The number of locations owned by independent franchisees.

Franchised Units i

800
The number of locations owned and run by the franchisor.

Corporate Units i

135
Units 2021 2022 2023
Total Units 611 736 847
Net Change YoY 125 111
Franchised Units 515 610 712
Net Change YoY 95 102
Corporate Units 96 126 135
Net Change YoY 30 9
Investment About

Investment Overview

The Joint Chiropractic franchise offers a low initial investment range of $254,250 to $520,800. The franchise fee is set at $39,900, with ongoing royalty and marketing fees of 7% and 5% of gross sales, respectively. To qualify, franchisees must have a net worth between $300,000 and $600,000, ensuring that they have the financial stability needed to support their business.

Potential About

Revenue Potential

Each unit of The Joint Chiropractic generates impressive annual revenue, averaging $615,487, with a median of $532,094. Revenue can vary significantly, with the lowest reported at $142,288 and the highest reaching $1,708,357. This diverse revenue range highlights the potential for substantial earnings within the franchise model.

Metrics About

Operational Efficiency

The Joint Chiropractic boasts a breakeven time of just 12 months, making it an attractive option for new franchisees. The investment payback period is approximately 23 months, allowing owners to recoup their initial investment relatively quickly. This efficiency can be a significant factor in the decision-making process for potential franchisees.

Fees About

Growth Trajectory

The franchise has shown consistent growth, with the number of franchised units increasing from 515 in 2021 to 712 in 2023. This upward trend indicates strong brand demand and market presence, providing a solid foundation for new franchisees looking to enter a thriving industry.

Breakeven About

Financial Performance

Average operating expenses for The Joint Chiropractic units amount to $504,677 annually, which includes labor, facilities, insurance, and royalty fees. The EBITDA stands at $110,810, representing 18% of revenue, indicating healthy profitability and effective cost management across the franchise network.

Units About

Brand Recognition

The Joint Chiropractic has established itself as a leader in the chiropractic care sector, focusing on providing accessible and affordable services. With a commitment to patient wellness and satisfaction, the brand has garnered a loyal customer base, positioning itself as a trusted name in the healthcare franchise market.

Frequently Asked Questions

The initial investment for a The Joint Chiropractic franchise ranges from $254,250 to $520,800, which includes the franchise fee and other startup costs.