The Joint the chiropractic place
The Joint the chiropractic place offers cash-basis, private-pay chiropractic clinics under a membership model. Known for providing chiropractic services, it operates in the healthcare sector, specifically within the chiropractic services industry.
The Joint the chiropractic place franchise FAQ
How much does it cost to open one — the total initial investment?
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].
What is the initial franchise fee?
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].
What are the ongoing royalty and advertising fees?
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.
How long is the initial franchise agreement, and can I renew it?
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].
Can I sell or transfer my franchise, and what does that require?
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].
On what grounds can the franchisor terminate the agreement?
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.
What financial requirements — net worth and liquid capital — do I need to qualify?
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.
Do I get an exclusive or protected territory?
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].
What training and ongoing support does the franchisor provide?
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].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
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].
What am I restricted to selling, and where must I buy supplies?
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].