The Joint Chiropractic franchised shop

The Joint Chiropractic Franchise Costs, Fees & Profits (2024)

Here’s what you need to know if you’re interested in opening a The Joint Chiropractic franchise.

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TOTAL UNITS

838

INITIAL INVESTMENT

$215,000 – $479,000 

FRANCHISE FEE

$39,900

ROYALTY FEE

7.0%

Since its inception in 1999, The Joint Chiropractic has revolutionized the chiropractic sector by democratizing access to chiropractic treatments and ensuring they are both cost-effective and user-friendly.

Standing out as the world’s most extensive network of chiropractic clinics, The Joint has pioneered a novel strategy by positioning its facilities in high-traffic retail areas and adopting a fitness center-style subscription model that bypasses the traditional insurance and appointment systems.

Headquartered in Scottsdale, Arizona, and franchising since 2007, the business model of The Joint Chiropractic is streamlined and straightforward, initially requiring a small team of 3–4 staff members, including a certified chiropractic professional.

Number of locations

TOTAL UNITS
838
FRANCHISED UNITS
712

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Initial investment

INITIAL INVESTMENT
$215,000 $479,000 
Type of ExpenditureAmount
Initial Franchise Fee$39,900
Security and Utility Deposits$3,700 to $5,800
Base Lease Rent – 3 months$9,000 to $27,000
Clinic Design Fee$1,000 to $1,000
Architectural Leasehold Improvements$63,600 to $225,000
Signage$5,600 to $9,000
Office Equipment, including furniture and fixtures$5,000 to $7,000
Chiropractic or other Professional Equipment$7,000 to $22,500
Computer Hardware, Tablets, Software, Supplies and Installation$5,000 to $10,000
Business Licenses and Permits$750 to $3,800
Professional Fees and Services$3,000 to $6,200
Insurance$4,000 to $8,000
HIPAA Compliance$300 to $3,000
Chiropractor Credentialing$400 to $2,000
Initial Training Expenses, including travel$2,500 to $5,000
Start-up supplies – Uniforms, contracts, invoices, and other office supplies$1,250 to $2,000
Local Advertising Fees – 3 months$9,000 to $9,000
Grand Opening$14,000 to $16,000
Office Management Software Fee – 3 months$1,797 to $1,797
Additional Funds – 3 months$30,000 to $55,000
Total Estimated Initial Investment$215,297 to $478,997

Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.

Franchise fees & Royalties

INITIAL FRANCHISE FEE
$39,900

Initial Franchise Fee

An upfront payment of $39,900 is required when you sign the franchise agreement. This fee covers the cost of initial support services and is non-refundable and fully earned upon agreement due to the expenses involved in providing these services.

Royalty Fee

The franchise agreement includes a continuous royalty fee of 7% of your franchise’s gross income, with a guaranteed minimum monthly payment of $700. These fees are due on the 1st and 16th of every month, based on the gross revenues. Should the total royalty fee for any month be less than $700, the shortfall is payable by the 10th of the following month.

Advertising Fee

You are obligated to contribute to the Advertising Fund, which is a percentage of the franchise’s gross revenues, capped at 3%, with the current requirement set at 2%. This fee is to be paid alongside the Royalty Fees.

Technology Fee

A monthly Technology Fee for the use of essential software and systems is set at $599, which may be increased to $799 with a 30-day notice.

Lease or Rent Fee

Lease or rental costs for the franchise location vary based on factors such as location, size, and market conditions, with initial costs during the first three months estimated between $9,000 and $27,000.

Transfer Fee

A Transfer Fee of $15,000 is applicable for any changes in ownership or franchise agreements.

Renewal Fee

When renewing the franchise agreement, a Renewal Fee amounting to 25% of the then-current Initial Franchise Fee will be charged.

Profits

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How to apply

 Initial Research and Inquiry

  • Understand the Brand: Begin by researching The Joint Chiropractic to understand its business model, brand philosophy, and market positioning. Visit their official website, read through franchise-related materials, and learn about the chiropractic industry.
  • Initial Contact: Reach out to The Joint Chiropractic’s franchise development team through their website or by phone to express your interest. You’ll likely fill out an initial inquiry form providing basic information about yourself and your interest in the franchise.

2. Application Submission

  • Complete the Franchise Application: If you decide to proceed, you’ll be asked to complete a more detailed franchise application. This application gathers comprehensive information about your background, financial situation, and business experience.

3. Discovery and Evaluation

  • Franchise Disclosure Document (FDD) Review: You’ll receive a Franchise Disclosure Document that contains important information about the franchise opportunity, including fees, investment requirements, financial performance of existing units, and the franchise agreement. Review this document carefully, possibly with the assistance of a franchise attorney.
  • Discovery Day: Attend a Discovery Day at The Joint Chiropractic’s headquarters or a designated location. This event allows you to meet the corporate team, learn more about the operational aspects of the franchise, and ask detailed questions.

4. Financial Review and Approval

  • Financial Qualification: Your financial information will be reviewed to ensure you meet the minimum financial requirements for opening a franchise. This typically includes having a certain amount of liquid capital and overall net worth.
  • Approval Process: If your financials and background check meet The Joint’s criteria, you’ll move forward in the approval process, which may include interviews and further evaluations.

5. Signing the Franchise Agreement

  • Franchise Agreement: Once approved, you will be presented with a franchise agreement to sign. This legal document outlines the terms and conditions of your franchise ownership, including the rights and obligations of both parties.
  • Payment of Initial Franchise Fee: Upon signing the franchise agreement, you will pay the initial franchise fee to officially become a The Joint Chiropractic franchisee.

6. Training and Site Selection

  • Training Program: You and your team will undergo comprehensive training covering all aspects of running your franchise, including operations, marketing, and patient care.
  • Location Selection: With the help of The Joint’s real estate team, you’ll identify and secure a suitable location for your clinic, adhering to the brand’s site selection criteria and demographic targets.

Disclaimer

Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

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