The Joint Chiropractic Franchise’s Tremendous Year in Review
The fast-growing healthcare franchise celebrates another banner year
2020 was a year for the history books. In a year beset by challenges, there were also many silver linings. While much of the economy was impacted by the pandemic, a new category of business emerged: essential businesses. These businesses are allowed to continue to operate because the services they provide are deemed essential to American way of life. For businesses like The Joint Chiropractic® healthcare franchise, this means helping people find holistic relief from back and neck pain.
Being allowed to remain open also meant that our franchise owners were able to quickly recover from the pandemic, and as the lockdowns eased, our patients came back to us in masse with many of our clinics experiencing record high patient counts.
“We’re experiencing a ton of momentum as we enter 2021,” says Peter D. Holt, CEO and President of The Joint Chiropractic. “We’ve made a strong recovery from the pandemic. Systemwide sales are up, and so are patient counts, which reveal how much our patients value chiropractic care, especially during uncertain times.”
The Joint Chiropractic franchise opens new clinics at a rapid clip
While many brands struggled with franchise development during the pandemic, interest in The Joint Chiropractic continued to surge throughout.
The Joint Chiropractic opened 70 new clinics in 2020 and sold 121 licenses for new clinics. A large portion of the growth comes from multi-unit investors, as 29 new franchise owners purchased 51 licenses, with an even larger share of the growth coming from existing franchise owners reinvesting in the brand.
“We’re tremendously proud of our strong growth in 2020,” says Eric Simon, SVP of Franchise Development with The Joint Chiropractic. “It’s incredibly validating to see how many existing franchise owners are reinvesting in the brand by buying additional licenses; that is proof that our business model is working. As we move forward into 2021, we expect our rapid growth to continue as more and more entrepreneurs discover that you can own a business that offers both tremendous unit-level economics and the ability to help people find relief from pain.”
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This healthcare franchise’s business model is simple, straightforward, and quick to scale. This benefits both franchisees and their customers. For in-depth details about The Joint Chiropractic healthcare franchise opportunity, download the free franchise information report.
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.