Entrepreneur Magazine Names The Joint Chiropractic to Franchise 500
The fastest-growing chiropractic franchise is awarded high ranking on prestigious annual list
The Joint enters the New Year with our highest ever ranking on Entrepreneur magazine’s prestigious annual Franchise 500 list. Coming in at No. 109, our high rank is a testament to our revolutionary business model that is transforming the way chiropractic care is delivered in the U.S.
Widely regarded as the preeminent list of the best franchise systems in which to invest, Entrepreneur analyzed more than 1,000 franchise systems to determine this year’s Franchise 500. Franchise systems are measured on myriad factors ranging from brand equity, franchisee support, growth potential and more to determine where they chart on the list. On all of these metrics, The Joint makes a strong case for savvy entrepreneurs who desire to pursue business ownership that directly impacts people’s lives, as well as for chiropractors who desire an easier and more profitable business model than a traditional clinic.
“We couldn’t be more honored to be ranked so high on this year’s Franchise 500 list,” says Eric Simon, Vice President of Franchise Sales & Development with The Joint. “This is a transformative business in two ways: The Joint has completely disrupted the way chiropractic care is delivered by making it more affordable and more convenient for consumers, and The Joint is a business model with high-profit potential while providing entrepreneurs with a chance to provide a meaningful service in their community. This is why The Joint is the fastest growing chiropractic franchise in the nation, and why we’re going to continue to grow well into the future.”
Why is The Joint Chiropractic a best-bet investment in 2018?
Founded in 1999, The Joint is leading the way in making chiropractic care an essential and affordable part of health and wellness for the millions of people seeking relief from back, neck and joint pain. By placing our clinics in retail settings, next to busy supermarkets, coffee shops and family restaurants, The Joint continually seeks to change the way chiropractic is delivered: No appointments, no insurance, no hassle.
The Joint is easy to operate and boasts a proven business model that is uncommon in the
$3 trillion healthcare industry. Our membership model eliminates the need for insurance while providing our franchise owners with a recurring revenue stream that helps to maximize profitability and potentially hasten their return on investment. As a result, The Joint treats far more patients than a traditional chiropractic clinic could even conceive of helping. Our most recent Franchise Disclosure Document (FDD) reveals just how much more successful The Joint is at bringing new customers into the fold of chiropractic care. Our average weekly visit count grew close to 260 in 2016, and new customer visits were up in double digits. The Joint reported weekly patient visits were 152 percent higher than individually-owned clinics.
This ability to help more people with their ongoing neck and back pain issues translates into a more profitable business model than traditional clinics. Our most recent FDD reports double-digit growth in annual gross sales across our entire franchise network. The 253 franchise clinics open in 2016 experienced a nearly 28 percent growth in average gross sales from 2015, bringing this year’s number to $320,765. In comparison to average gross sales reported by independently operated, traditional clinics, The Joint reported average gross sales totaling nearly $60,000 more.
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About The Joint Chiropractic
Based in Scottsdale, Arizona, The Joint is an emerging growth company that is reinventing chiropractic care by making quality care convenient and affordable for patients seeking pain relief and ongoing wellness. Its no-appointment policy and convenient hours and locations make care more accessible, and affordable membership plans and packages eliminate the need for insurance. With nearly 400 clinics nationwide and more than four million patient visits annually, The Joint is a leader in the chiropractic profession. For more information about The Joint’s franchise opportunities, visit www.thejointfranchise.com.
The Joint Corp. is a franchisor of clinics and an operator of clinics in certain states. In Arkansas, California, Colorado, Florida, Illinois, Kansas, Minnesota, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Tennessee, and Washington, The Joint and its franchisees provide management services to professional chiropractic practices.
About The Joint Chiropractic
The Joint Chiropractic (NASDAQ: JYNT) revolutionized access to chiropractic care when it introduced its retail healthcare business model in 2010. Today, the company is making quality care convenient and affordable, while eliminating the need for insurance, for millions of patients seeking pain relief and ongoing wellness. With more than 600 locations nationwide and over eight million patient visits annually, The Joint Chiropractic is a key leader in the chiropractic industry. Named on Franchise Times “Top 200+ Franchises” and Entrepreneur’s “Franchise 500®” lists, The Joint Chiropractic is an innovative force, where healthcare meets retail.
The Joint Corp. is a franchisor of clinics and an operator of clinics in certain states. In Arkansas, California, Colorado, District of Columbia, Florida, Illinois, Kansas, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Washington, West Virginia and Wyoming, The Joint Corp. and its franchisees provide management services to certain professional chiropractic practices.