The Joint Franchise Is Named to the ‘Franchise Times’ Fast & Serious List
The nation’s premier chiropractic franchise is named to prestigious list of fastest growing franchise systems
Franchise Times, one of the nation’s premier publications reporting on the franchise industry, recently announced that The Joint franchise has been named to its “Fast & Serious” list of the 40 fastest growing franchise systems in the nation.
The results of the list are compiled after three years of research, investigating which brands have sustainable growth momentum over the long term. The Joint’s placement as No. 16 is warranted, as the brand is the nation’s fastest growing chiropractic franchise. This is the second consecutive year that The Joint has been honored with this distinction.
“After finishing 2013 with 22 units, and growing to 246 by the end of 2014, The Joint is now up to 358 locations with plans to expand beyond its areas of heaviest coverage in the Southeast and Southwest U.S,” writes Franchise Times about The Joint, whom they describe as a “pioneer in the franchised medical provider category.”
Peter D. Holt, president and chief executive officer of The Joint, spoke to the magazine about the brand’s smart-growth tactics that are going to see the brand’s aggressive expansion plans continue into 2017. After opening nearly 55 locations in 2016, the brand aims to hit well above that number in 2017.
“Focus on the franchisee,” Holt says in the article, as to the methodology The Joint employs to hit growth targets. “If growth is not based on finding qualified franchisees who believe and understand and can provide that world-class customer service, it’s really hard to sustain long-term growth for a franchise system.”
What makes The Joint a best-bet investment for chiropractors and investors alike?
The Joint is ushering in a new era of mainstream credibility for the $14 billion chiropractic industry. It is not only giving millions of people access to affordable and convenient chiropractic care, but it is also providing chiropractors and investors alike an easy business model that is simple to run and quick to scale.
The Joint has flipped the traditional chiropractic industry on its head by returning chiropractic care to its roots with offering only spinal adjustments conducted by hand. The business model has been shaped with ease and affordability in mind for customers, as well as ease and profitability in mind for franchise owners. The gym-like membership model not only does away with the need for insurance, but it also drives a consistent revenue stream to franchise owners. The Joint clinics are in retail settings where walk-ins are encouraged, meaning the brand is able to win new customers more frequently by being accessible to people in the places that they love to go.
“One of the challenges we face is that if you’re looking at different franchise opportunities, you start with this idea that if I’m not a doctor of chiropractic, then how can I be a franchisee of The Joint?” Holt says to Franchise Times. “You don’t, in fact, have to be a doctor of chiropractic to own or manage the clinic, and it can be a really wonderful franchise opportunity.”
A simple business to own with high potential returns
With a small footprint, limited overhead and staff consisting of three to four employees, The Joint is easy to operate and boasts a proven business model that is unique in the $3 trillion healthcare industry.
The Joint started 2017 off with a bang by being named to the Franchise Times list. 2016 was likewise filled with industry praise for The Joint’s proven business model. Entrepreneur named The Joint as the “Best of the Best” franchise in the health services segment for 2016, and in October of last year, Franchise Times named The Joint to its prestigious annual Top 200+ list, which serves to highlight the industry’s best-bet investments across all segments of the franchise industry.
With the total financial estimate to begin operations on a new chiropractic franchise ranging from $216,200 to $331,700, The Joint is a low-cost investment opportunity with potential for high returns. Because 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.
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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 550 locations nationwide and over seven 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.