Why 2022 is the Year to Franchise with The Joint
2022 has been a remarkable year for The Joint Corp. In Q1 2022, The Joint Corp. announced it had increased its revenue by 28% compared to Q1 2021. They’ve increased system-wide sales by 27% while opening the most franchised clinics of any first quarter in the company’s history.
A commitment to strong franchise growth was paramount for The Joint Corp. this quarter, as they opened 27 new franchised clinics in Q1 2022, more than doubling the 12 franchised clinics opened in Q1 2021. The Joint Corp. also acquired the regional developer (RD) territory rights in Northern New Jersey in March and in Northern California in April. Acquiring these rights increases The Joint Corp.’s margin contribution within the franchise segment.
The Chiropractic Industry is Booming
In an era of increasing health-consciousness, the chiropractic industry has seen massive growth nationwide. There are tons of reasons to grow with the chiropractic industry and franchise with The Joint. For instance, 53% of US adults visited a chiropractor in 2018. More than 35 million Americans receive treatment annually. A recent article from Grandview Research discusses this trend: “As chiropractic care significantly addresses age-related problems, such as balance problems and falls, demand for this treatment is expected to grow in the near future.”
Other reasons to join the booming industry include the competitive market, the increased average revenues, and the increased industry size. While the market expands, it remains competitive: the 50 largest firms in the market captured a mere 3.5% of all chiropractic revenues. The profit margin at a typical chiropractor’s office is 28%. From 2012 to 2017, revenues per office grew by 2.8% annually. The chiropractic industry in the United States is an estimated $18 billion industry, projected to grow annually by 4.5% over the next few years.
The Joint is a Nationally Recognized Franchise Opportunity
The Joint Chiropractic is nationally recognized for its superb record with franchise owners. Because of their sustained growth year after year, TopFranchise ranks The Joint as the #1 chiropractic franchise opportunity in the United States. “The ongoing overhead is extremely low, requiring zero inventory and only a small staff to begin operations. This allows the owners to reap more of the rewards of being in business.” TopFranchise says.
Moreover, Entrepreneur Magazine offers high praise for The Joint on its website. “The Joint Chiropractic revolutionized the $18 billion chiropractic industry by making chiropractic care more accessible, convenient and affordable than ever before.” Entrepreneur explains the ease with which franchise owners of all backgrounds are able to grow by franchising with The Joint. “The rapid success of The Joint, now the fastest growing chiropractic franchise in the nation, is due to the straightforward business model that is easy to understand, quick to scale, and meets a real need in the communities we serve. As a result, entrepreneurs with zero experience in the chiropractic industry, as well as chiropractors with significant experience, are choosing to franchise with The Joint.”
Franchise with The Joint Today!
The Joint Chiropractic is ushering in a new era of mainstream credibility for the chiropractic industry by making access to care more affordable, accessible, and convenient than ever before. Founded in 1999 with a mission to improve the quality of life through routine and affordable chiropractic care, The Joint has already grown to more than 750 clinics throughout 39 states and the District of Columbia.