How owning a chiropractic franchise is a good investment in high-demand
Let’s first set the record straight on what chiropractic care is: Once seen as an alternative medicine, chiropractic treatments are not only mainstream, they are the go-to for millions of Americans seeking the prevention and treatment of injuries to the musculoskeletal system, especially the spine and joints.
Chiropractic care has been around for centuries, but as Americans age and seek other forms of medicine, the treatment method has become more established than ever. For so many people, chiropractic care offers relief you can’t find in a traditional doctor’s office that more often than not prescribes pills and pain medication. Now, chiropractic care is the predominant treatment for millions of Americans who suffer from low back pain, neck pain, spine health issues, and so many other ailments traditional methods cannot fix.
And the numbers don’t lie: Americans spent nearly, according to industry studies. A study from Gallup found that 1 in 4 adults visited a medical professional for neck or back pain in 2021, 65% of which sought care. What’s more, at least 78% of American adults said they would prefer to treat their ailments in ways other than medication to relieve pain. As America ages, chiropractic care is going to serve a critical need in our healthcare system.
What does the chiropractic industry look like?
Chiropractic care is now a mainstream healthcare service, and has the numbers to prove it.
According to IBIS World, the chiropractic industry is expected to hit $19 billion in revenues in 2022. Classified as an essential service during the COVID-19 pandemic, chiropractic clinics not only survived the pandemic, but also thrived as more Americans placed value on health and wellness.
The U.S. Bureau of Labor Statistics also backs up this industry projection. From 2020-2030, the BLS estimated jobs within the chiropractic industry will grow an incredible 11% – that’s faster than the national average for job growth.
“Demand is expected to increase for chiropractic services as a nonsurgical, drug-free way to treat pain and improve overall wellness,” the BLS wrote in its report. “Rising interest in integrative or complementary healthcare has led to more acceptance of chiropractic treatment of the back, neck, limbs, and involved joints.”
But that’s not all.
“As a result, chiropractors are increasingly working with other healthcare workers, such as physicians and physical therapists, through referrals and complementary care,” the BLS determined.
Why is The Joint Chiropractic a leading chiropractic franchise?
As evidenced above, there’s no denying that chiropractic care is in demand in the U.S., and what do Americans value more than anything when searching out services? Convenience and affordability—two cornerstones The Joint Chiropractic has built its reputation on. This is why The Joint Chiropractic franchise is one of the predominant leaders in the chiropractic industry.
For franchisees, The Joint is one of the best opportunities in the franchise system, and we don’t say that lightly. From day one, we offer unmatched franchise support – from helping you find a great location and meet your financial and performance goals to marketing strategies and developing a business plan. Our intensive support network is there to help every step of the way.
The Joint has also proven to be the most affordable franchise opportunity in the essential $15 million chiropractic industry. Our total investment costs range from $203k-$380k, making the franchise a low-cost investment with the potential for high returns. And because our build-out costs are low, franchisees have the potential for a faster ramp-up time.
To learn about all the reasons why The Joint Chiropractic is a leading franchise opportunity for so many aspiring entrepreneurs, read more here.
Do I Need To Be A Chiropractor?
The quick and simple answer: No!
In reality, most of our franchise owners had zero experience in the chiropractic field before investing in The Joint Chiropractic. Our franchisees come from diverse business and career backgrounds. If you’re ready to invest in a chiropractor business, all you need is a passion to bring quality, affordable chiropractic care to your community.
Learn More About The Joint Chiropractic Franchise Today!
With the chiropractic industry hitting a possible $19 billion in annual revenues – a profit margin only expected to grow – now has never been a better time to get in on a chiropractor business with incredible demand. And there’s no better opportunity than at The Joint Chiropractic, which offers a low-cost, high-return franchise model that brings affordable, quality care to customers across the U.S.
If you’re ready to invest in a chiropractor business like The Joint, fill out our form here to start a conversation. We look forward to learning more about you and your franchise goals!
The fast-growing chiropractic franchise is a wise investment
Taking the chiropractic industry by storm, The Joint Chiropractic has become the nation’s largest provider of chiropractic care, offering a convenient retail setting and concierge-style services, with no need for appointments or insurance.
In a major milestone, The Joint Chiropractic recently announced the grand opening of its 700th clinic. Now, the franchise has a presence in 37 states across the U.S. With health and wellness on the minds of every American more than ever, The Joint’s affordable care by licensed professionals has clicked with customers. Continue reading for our top 5 reasons to invest in the most well-known chiropractic franchise in the country.
1. A Thriving Industry
To say that chiropractic care is in high demand would be an understatement.
According to IBIS World, the chiropractic industry is expected to hit a staggering $19.5 billion in 2022, representing a 4.3% growth in revenue from the year prior. All this in a world with so much economic turmoil.
It’s not just pandemic-related issues that have driven demand for chiropractic care. Instead, the industry was well on its way toward steady, sustained growth for years prior. From 2017-2022, for instance, the market size of the chiropractic industry in the U.S. grew 2.5% every year – that’s faster than the healthcare and social assistance industry, as well as the U.S. economy overall.
With such a thriving market, and a straightforward, built-for-success business plan, The Joint Chiropractic plans to reach 1,000 units by the end of 2023.
2. Low Costs and Tremendous Unit-Level Economics
The total investment estimate to begin operations on a new chiropractic franchise ranges from $203,397 to $380,697, making The Joint Chiropractic a low-cost investment opportunity with potential for high returns. Because our build-out costs are substantially lower than other brands in the health care segment, The Joint Chiropractic offers a quicker ramp-up time, which allows for a potentially faster return on investment.
One of the reasons why The Joint Chiropractic is growing so fast is because of our unit-level economics. Our business model is designed to serve more patients than the rest of the industry, and as a result, the profit-potential of our clinics exceeds traditional chiropractic clinics as well. Click here to learn more about how much revenue our clinics generate.
3. Making Chiropractic Care Readily Available
The Joint’s recipe for success is no secret. We realize chiropractic care is an industry that helps people. It’s a value and priority we never lose sight of, and keeps our loyal customers coming back.
As such, we’ve made receiving care at The Joint as convenient, simple, and inexpensive as possible. Typically, when a patient wants chiropractic care, they have to see a doctor to get a referral, call their insurance to make sure they’re covered, and then book an appointment that could take weeks.
The Joint Chiropractic, however, does away with all of that. We keep the costs of treatment low. We don’t require insurance, and on top of it all, we welcome walk-ins. Our business model has truly shaken up the entire chiropractic care industry, evidenced by our continued year-over-year growth.
4. Proven Business Model
You don’t open 700 locations in just a matter of years in this economy without doing something right, but that’s exactly what The Joint can claim: a proven business model that has brought success to hundreds of aspiring entrepreneurs, even during times of economic obstacles.
It’s expected that global spending on health care will reach more than $10 trillion by 2022, with the U.S. spending the most of all counties, sitting at $10,224 per capita. That makes the healthcare industry the largest and fastest-growing industry in the world.
The Joint’s proven business model is developed to ride on that wave of growth. Our franchisees, many of whom have opened multiple units, are approaching the $1 million mark in revenues per year per location. Now, truly, has never been a better time to invest in this fast-growing segment.
5. Track Record of Success
The most prominent trackers of the franchise industry all agree: The Joint Chiropractic is a best-bet.
This year, Entrepreneur Magazine rated The Joint as the No. 57 best franchise to invest in, according to the publication’s esteemed 2022 Franchise 500 ranking. The Franchise Times, too, placed The Joint as the No. 194 best franchise to invest in, out of a ranking of 400 other franchise opportunities.
“The accelerated pace of growth of our network is indicative of consumer demand for a healthier lifestyle,” said Peter D. Holt, president and CEO of The Joint. “We look forward to continuing our mission of providing convenient and affordable care to communities across the U.S. as we drive toward opening 1,000 clinics by the end of 2023.”
Ready to bring the fastest-growing chiropractic franchise to your community?
If you’re thinking about opening your own The Joint Chiropractic Franchise, explore our research pages here! We offer a wealth of information for potential franchise owners, including the history of The Joint Chiropractic, along with average revenue and startup costs to help you envision yourself within our nationwide clinics.
If you are ready to take the first step in your journey to owning your own franchise, fill out our franchise information form, and a member of our team will be in contact soon to discuss any next steps.
