The Joint Franchise is Named to ‘Entrepreneur’ Magazine’s Franchise 500 List
The fastest growing chiropractic franchise is named as a best-bet investment opportunity on prestigious annual list
The Joint enters the new year on a high note by being named to Entrepreneur magazine’s prestigious annual Franchise 500 list of the top franchise systems to invest in for 2017. This year’s inclusion marks a significant jump to No. 127, up 27 spots from 2016, where The Joint occupied No. 154 on last year’s Franchise 500 list.
To create the Franchise 500, Entrepreneur analyzes thousands of franchise systems for viability in system size, growth, and financial strength and stability, as well as new metrics such as success in effectively utilizing social media to give entrepreneurs a comprehensive ranking of the brands that are best-bet investments.
With Entrepreneur noting 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, it is easy to why the nation’s premier chiropractic franchise saw such a marked increase in this year’s ranking.
“We’re very honored to be included on Entrepreneur’s Franchise 500 for 2017,” says Peter Holt, CEO with The Joint. “It’s especially validating that we’re ranked higher this year, because it signals to us that the model we’ve created is really resonating with the wider public and the franchise industry at large. We’re the largest umbrella of chiropractic clinics in the world, and we’re only getting started. We’re growing from 360 units to over 1,700 in the coming years, and this is an excellent business for investors and chiropractic professionals to invest in.”
What makes The Joint a best-bet investment for chiropractors and investors alike?
Entrepreneur magazine is not the only publication to declare that The Joint is a best-bet investment for 2017. Franchise Times recently named The Joint to their Fast & Serious list for 2017, which makes sense considering that The Joint is the fastest growing chiropractic franchise in the nation. The Joint is ushering in a new era of mainstream credibility for the $14 billion chiropractic industry by not only giving millions of people access to affordable and convenient chiropractic care, but it is also giving chiropractors and investors an easy business model that is simple-to-run and quick-to-scale.
Targeting the needs of 21st century consumers, The Joint clinics are placed in bustling shopping centers next to community mainstays such as supermarkets, coffee shops, restaurants and hair salons. With no appointments, no insurance and no hassle, The Joint has grown to over 350 locations across the United States. In the process, we have brought a misunderstood practice to where it has always belonged: an essential part of health and wellness.
The Joint offers one service: spinal adjustments conducted by hand. This easy-to-understand practice is chiropractic care as it was meant to be delivered. Because the business model has made chiropractic care consumer-friendly, The Joint has helped more people take control of their health and wellness through chiropractic care than ever before. In 2015, The Joint performed 3.2 million patient visits, up from 2 million the year before.
“I truly believe that The Joint is the future of chiropractic care,” says Dr. Tim McKinley, owner of The Joint franchise clinic in Houston, Texas. “The coolest thing for me as the chiropractor and the owner of my clinic is the concept, the business model. The patients love it. It’s created from their perspective. It meets their needs. When you go into an environment where the customer is happy about where they are and the services they’re receiving, it’s a much more pleasant place to work than a traditional chiropractic care practice, where the majority of your time is spent dealing with attorneys and insurance companies. I honestly cannot foresee the traditional chiropractic care clinic lasting much longer. With The Joint, a chiropractor can devote his or her energies to helping people in a friendlier environment for the patient and doctor.”
The Joint is a low-cost investment opportunity with high potential returns
With a small footprint, limited overhead and a 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. 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.
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 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.
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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.