The Joint Chiropractic offers cash-basis chiropractic services through membership models in private clinics. Known for providing spinal adjustments and wellness programs, it operates in the chiropractic healthcare sector.
The total initial investment necessary to begin operation of a single THE JOINT ® clinic is $20,950 to $40,900 that must be paid to the franchisor or affiliate. This amount is included in the broader range of $245,250 to $543,000 for starting one clinic as stated on [p.1].
The initial franchise fee is $39,900 unless a discount applies under certain conditions, such as developing the first Clinic under an ADA in 2025, where it is reduced to $19,950. This fee is uniformly imposed except for specified discounts [p.18, p.20].
The ongoing royalty fee is 7% of Gross Sales, with a minimum monthly payment of $700 [p.98]. Additionally, there may be an advertising cooperative fee that you must pay on each royalty fee due date or as specified by the cooperative [p.92]. This isn't specified in the excerpts for exact amounts or frequencies.
The initial franchise agreement does not specify a fixed term length [p.83], but it allows for renewal through a Successor Agreement for a 10-year period, with the possibility of further renewals at the discretion of both parties, though neither is obligated to do so after the first renewal unless required by applicable law [p.83].
According to the FDD, transfers are generally allowed under certain conditions. You can transfer your franchise to an owner's immediately family member or related trust, another existing owner, or a new business entity fully owned and controlled by the transferring owners [p.24]. However, the franchisor may refuse to permit such transfers for good cause, which is defined but not limited to specific reasons [p.6, p.347]. Additionally, if you propose a transfer that is not completed, you must pay a transfer fee of up to $5,000 or the actual costs incurred by the franchisor for evaluating the proposed transfer and transferee [p.108].
The franchisor can terminate the agreement on good cause, which includes the franchisee's failure to comply with lawful provisions of the franchise agreement and not curing such failure after receiving written notice and a reasonable opportunity to do so [p.6, p.347]. Additionally, the franchisor may terminate the agreement on any grounds available by law [p.352]. This isn't specified in the excerpts for other specific grounds.
This isn't specified in the excerpts. The provided FDD excerpts focus on the franchisor's financial status and obligations but do not detail specific financial requirements for franchisees regarding net worth or liquid capital.
No, you do not receive an exclusive or protected territory [p.42]. You may face competition from other franchisees, outlets owned by the company, and other competitive brands that the company controls. However, during the Protected Search Period, you will have certain territorial rights and protections for your Site Selection Area if you choose a protected area by paying a $15,000 deposit [p.445].
The franchisor provides online training to ensure all Chiropractic Staff understand and adhere to brand standards and policies [p.84]. For managing owners, initial training is available, but preopening obligations such as site selection and opening do not apply if you are a fully trained franchisee or an existing one [p.154]. Ongoing support programs do not include training on clinical decision-making processes [p.84].
This isn't specified in the excerpts.
The franchisor does not make any financial performance representations about future financial performance or past performance of company-owned or franchised outlets [p.57]. However, if you are purchasing an existing outlet, the franchisor may provide actual records of that outlet's performance [p.57]. The franchisor provides unaudited financial performance data based on U.S.-based Clinics, but this information is not provided for affiliate-owned Clinics or Clinics outside the United States [p.53].
You are not restricted to selling any specific products; you may sell to any patient of your choosing, regardless of their location. However, certain source-restricted goods and services must be purchased or leased from the franchisor or a limited group of suppliers designated by them [p.28]. This includes items like equipment, fixtures, inventory, and supplies that must meet specific standards and may have only one approved supplier in some cases [p.29].