Why You Should Start The Joint Franchise
Fastest-growing chiropractic franchise heads into New Year with momentum
The Joint is the fastest-growing chiropractic franchise in the nation. Appealing both to business-savvy entrepreneurs and chiropractors who want to add to their portfolio or leave the pains of the traditional clinic behind for an easier business model, The Joint has rapidly expanded to nearly 400 locations across the country.
The success of The Joint is the result of a transformative approach to chiropractic care, which places our clinics in retail settings where consumers already love to go, next to restaurants, coffee shops and supermarkets. The affordability of our membership model makes The Joint vastly less expensive than traditional chiropractic clinics, and the fact that we do not take appointments, allows customers the ability to walki n on their lunch breaks, on their way home from work, or while they’re out grabbing groceries. Unsurprisingly, The Joint treats more patients than a chiropractor operating in a traditional clinic could ever imagine.
“There’s no question that The Joint Chiropractic has a ton of momentum heading into 2018,” says Eric Simon, SVP of Franchise Development with The Joint. “We’ve really emerged at a time when there are more Americans in pain who are looking for alternative ways to treat it . The opioid epidemic has rightly caused Americans to think twice about using prescription pills, and with more and more doctors recommending chiropractic care as a treatment for back and pain, chiropractic has entered the mainstream.
The Joint is simple to operate and easy to scale, allowing franchisees to become multi-unit owners quickly.
Considering that our most recent Franchise Disclosure Document (FDD) reported that The Joint’s weekly patient visits were 152% higher than individually-owned clinics during 2016, it doesn’t take a lot of employees to handle that kind of high-patient volume. The Joint requires only a small staff of three to four employees, including a Doctor of Chiropractic, to begin operating. The reason for this is twofold: 1) Our membership model does away with the need for insurance and all of the pain that comes with, and 2) Our doctors only perform one service- spinal adjustments,conducted by hand.
The benefits to this business model are built-in functions. Because we don’t have to deal with insurance companies, there are no long hours of paperwork and chasing down payment, and because our doctors only perform the fundamental service at the heart of chiropractic care, we can treat our patients with exceptional care in 15 minutes.
“From a business standpoint, The Joint is an extremely easy concept to understand,” Eric says. “It’s a cash business that is based around treating a large number of people. There’s no costs of goods to consider, and unlike a massage concept, which might have up to 20 regular employees, our clinics only require three or four to get started. As your business grows, you can hire more doctors and more staff when you need to account for a higher volume of patients.”
This explains why The Joint reported double-digit growth in annual gross sales across our entire franchise network in our most recent FDD. The 253 franchise clinics open in 2016 experienced a nearly 28% growth in average gross sales from 2015, bringing this year’s number to $320,765. In comparison to average gross sales reported by independently-operated, traditional clinics, The Joint reported average gross sales totaling nearly $60,000 more.
“I believe that franchisors should be completely transparent in their FDDs so that entrepreneurs who are pursuing ownership know exactly what to expect,” Eric says.When you compare a franchise system based on financial performance, it’s important that you compare apples-to-apples. Our numbers tell a great story about how well our franchisees are doing in their businesses, and they make a great case for the entrepreneur who is considering getting into the health & wellness industry.”
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 $339,900, The Joint is a low-cost investment opportunity with potential for high returns.
Ready to bring the fastest-growing chiropractic franchise to your community?
For in-depth details about The Joint franchise opportunity, download the free franchise report. You can also learn more by visiting The Joint Chiropractic franchise website.