The Joint Franchise Named to the ‘Franchise Times’ Top 200+ List
The largest chiropractic franchise is lauded as a best-bet investment on national publication’s prestigious annual list
The Joint is ushering in a new era of mainstream credibility for the $14 billion chiropractic industry. The Joint is rapidly expanding across the U.S., with more than 350 clinics open across the country, and the industry has taken notice.
2016 began with Entrepreneur naming The Joint as the “Best of the Best” franchise in the health services segment. In October, Franchise Times, a national publication dedicated to connecting entrepreneurs with franchise systems, named The Joint to their prestigious annual Top 200+ list, which serves to highlight the industry’s best-bet investments across all segments of the franchise industry.
“We’re very honored to be included on the Franchise Times Top 200+ list,” says Peter Holt, CEO of The Joint. “We have seen phenomenal growth in recent years because of our ability to target so much more of the population than a traditional chiropractic clinic could. Our customers love us because we’re affordable, convenient and fast without sacrificing the level of care they expect. Because of this, we are able to reach people who would not have otherwise gone to a chiropractic clinic. So many people are suffering from neck and back pain, and as more of the population seeks alternatives to traditional medical care and prescription drugs, they are finding that The Joint is their ally in health and wellness.”
What makes The Joint a best-bet investment?
The Joint is disrupting the traditional chiropractic industry. 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 settings next to local coffee shops and supermarkets. There are no appointments, no insurance and no waiting to see a doctor. The Joint is also far more affordable than traditional chiropractic clinics; the average visit to The Joint costs nearly half as much as the insurance co-pay of a traditional chiropractic visit.
The Joint is unique in the chiropractic industry because of our gym-like membership model, which provides our franchise owners with a recurring revenue stream and our members with an affordable plan to manage their health and wellness. The Joint also offers multiple-visit bundles, encourages walk-in appointments and is open on nights and weekends, giving our doctors the potential to treat far more customers than a traditional chiropractic clinic could ever imagine.
“The true success of The Joint is that we are making chiropractic care available to millions of Americans who never would have considered visiting a chiropractor before,” says Peter Holt, CEO of The Joint. “There are so many people suffering from neck and back pain as a result of our sedentary lifestyles, our diets, our workout regimens and our age. Our franchise owners become meaningful members of their communities because we’re right next door to the supermarkets, the coffee shops like Starbucks and restaurants like Chipotle. We’re accessible, affordable and we can treat our customers in a matter of minutes — sending them on their way to meet their friends or do their grocery shopping.”
A worthy business for chiropractors and savvy entrepreneurs alike
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. 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 quicken the return on investment. Our model works for chiropractors seeking to own a business that avoids the nightmare of insurance billing, and it works equally well for business investors who see the need for more accessible chiropractic care.
“My husband and I own five clinics. We’ve experienced the corporate world — which is something that we’ve done well in — but we’ve always had that entrepreneurial spirit,” says Teresa Di Giuseppe, co-owner of five The Joint franchise locations in Scottsdale, Arizona. “We always wanted to have a business that we could call our own and would run itself as we continued our careers in the mortgage industry. We were attracted to The Joint because of the ease of the business model: low overhead, minimal staff. 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.”
Ready to bring The Joint to your community?
The Joint is a low-cost investment opportunity with potential for high returns. The total investment estimate to begin operating a new chiropractic franchise ranges from $216,200 to $331,700. Because our build-out costs are substantially lower than other brands in the healthcare segment, The Joint offers a ramp-up time that allows 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 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.