The Joint Chiropractic Franchise Attracting Entrepreneurs in the Health & Wellness Space
The fastest-growing chiropractic franchise is one of the premier investment opportunities in the rapidly expanding health & wellness segment.
The Joint is rapidly emerging as one of the premier investment opportunities for entrepreneurs seeking to realize their dreams of small business ownership in the health and wellness space. While there seems to be new brands emerging into the market every week, and for good reason, The Global Wellness Institute’s most recent analysis of the worldwide health and wellness industry reports its current valuation as $3.7 billion.
Brands as diverse as Massage Envy, CorePower, Planet Fitness and a multitude of others are vying for the same customers even if their concepts are remarkably different, ranging from massage, to yoga and fitness respectively. While it is great news that Americans are rapidly waking up to the benefits of a healthy lifestyle, The Joint seeks to help the millions of Americans who are currently in pain and want to live a healthy lifestyle free of daily suffering, as well as the those who want to the prevent pain caused by sedentary office lifestyles, or keep the realities of the aging process at bay.
Lower back pain is a tremendous problem. The Global Burden of Disease Study reports that lower back pain is the leading cause of disability, and the last time The American Academy of Orthopedic Surgeons measured patient visits for back pain in 2012, it found that 52.4 million more people visited their doctor for back pain than in 2004*. Forbes reports that diagnosing, treating and managing neck and back pain has reached $85 million annually.
“The field of chiropractic care is becoming significantly more important as more and more people are becoming concerned with finding alternative methods to manage their overall health and wellness,” says Peter Holt, President & CEO of the Joint. “People’s perception of chiropractic care is dramatically changing due to several factors: our nation’s problems with obesity and the medical emergency that is the abuse of pain medication, which has never been higher than it is now. As 87% of people will experience back pain at some point in their lives, chiropractic care is a natural and effective way to treat that pain without the use of prescription medication.”
What makes The Joint Chiropractic franchise the health and wellness opportunity to invest in?
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. Rapid expansion is proof that The Joint is meeting an enormous need in communities across the country. In the last few years, The Joint has grown consistently, with now close to 400 locations open or in development across the United States.
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. Our gym-like membership model did away with the need for the insurance, which not only frees our doctors up to concentrate on helping people, but it also reduces the costs of care for our customers.
“I love being in the wellness space,” says Jeff McGinty, a multi-unit franchisee with The Joint in Atlanta, Georgia. “I love waking up and wondering how many lives we’re going to change today. It’s not a question of if we’re going to change lives – it’s a question of how many.”
The Joint is also a remarkably easy business to own, manage and scale. With a small footprint, limited overhead and a staff consisting of three to four employees, The Joint boasts a proven business model that is unique 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 the return on investment. Our model works for chiropractors seeking to own a simpler business that avoids the nightmare of insurance billing, and it works incredibly well for business investors who see the need for more accessible chiropractic care.
“We were attracted to The Joint because of the ease of the business model: Low overhead, minimal staff,” saysTeresa Di Giuseppe, co-owner of five The Joint franchise locations in Scottsdale, Arizona. “We’re committed to providing the best chiropractic care, but we don’t have to be in the business every day. We didn’t have any medical experience whatsoever, but The Joint has proven to be successful and profitable because of the simplicity of the business model.”
The Joint is a low-cost investment opportunity with high potential returns
The Joint was named to Entrepreneur magazine’s prestigious annual Franchise 500 list of the top franchise systems to invest in for 2017. It’s easy to see why, as Entrepreneur notes that The Joint grew by a phenomenal 40 franchise locations from 2015 to 2016, continuing a growth spurt that hasn’t slowed since The Joint began franchising in 2006.
With the total financial estimate to begin operations on a new chiropractic franchise ranging from $211,400 to $339,500.
Ready to bring the fastest-growing chiropractic franchise to your community?