The Joint Franchise Blazes into Summer with Multiple Openings
The nation’s fastest-growing chiropractic franchise is halfway through a banner year
The Joint Chiropractic franchise is midway through another banner year. Entrepreneur magazine’s No. 1 franchise in the healthcare category for 2017 is giving entrepreneurs a chance to help them realize their dreams of owning a small business that makes a difference in their community.
After six years of unprecedented, double-digit growth, The Joint continues its winning streak with the opening of 25 new clinics across the country, halfway through 2017. In addition to its recent openings, The Joint has signed 18 new licenses from entrepreneurs who are committed to opening franchise clinics in their communities in the near future. This consistent growth is part of an aggressive nationwide expansion campaign that will see The Joint opening hundreds of new locations in coming years. To facilitate this growth, The Joint has announced new Regional Development signings, where existing franchisees will help grow the following areas: Central Florida, Chicago, Philadelphia and Ohio.
“The Joint is connecting with entrepreneurs and chiropractors in a tremendous way,” says Eric Simon, Vice President of Franchise Development at The Joint. “Our model has made chiropractic care an affordable, accessible and convenient part of daily life for our customer base, and our business model is giving entrepreneurs and chiropractors an easy business to run and own. It’s important to note that several of our new franchise clinics are being opened by existing franchisees, proving that the model is rapidly scalable. Because we solely perform spinal adjustments conducted by hand, there is zero inventory, low overhead, and no insurance companies to deal with. We’re excited to be growing so rapidly because the more clinics we have open, the more people we can help find a solution to ease their pain and improve their quality of life.”
In the first half of 2017, The Joint has opened locations in the following states:
- New Hampshire
- North Carolina
Founded in 1999, The Joint has revolutionized the $14 billion chiropractic industry, with more than 370 clinics open throughout the nation. As the first publicly traded membership-based chiropractic franchise, The Joint is a vastly different business model than the hard-to-find chiropractic clinics of yore. The Joint places its clinics in highly visible retail locations near coffee shops and supermarkets. There is no need for appointments or insurance, and clients don’t have to wait to see a doctor. The Joint is also far more affordable than traditional chiropractic clinics, as the average visit costs nearly half as much as the insurance co-pay of a traditional chiropractic visit.
The rapid nationwide growth isn’t the only good news The Joint has received in 2017. The company recently released its latest Franchise Disclosure Document (FDD), which gives a detailed look into the financials of all the franchise clinics that were in operation during the full year of 2016. The 253 franchised clinics experienced a nearly 28% growth in average gross sales from 2015 to 2016.. The Joint reported average gross sales totaling nearly $60,000 more.
“These numbers are validation that our business model not only works but has long-term growth potential for our franchisees,” Simon states. “We recognize that our franchisees are delivering a service that betters their community, and they work passionately to grow their businesses. We’re very pleased that our franchise system is growing year over year and look forward to continued growth in years to come.”
The Joint is a low-cost investment opportunity with potential for high returns
With the total financial estimate to begin operations on a new chiropractic franchise ranging from $211,400 to $339,900, The Joint is a low-cost investment opportunity with potential for high returns. Because our build-out costs are substantially lower than other brands in the healthcare segment, The Joint offers a quicker ramp-up time to allow for a potentially faster return on investment. The franchise fee for your first chiropractic franchise is $39,900.
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.