Initial Investment and Startup Costs
A breakdown of the costs and fees associated with investing in the fastest growing chiropractic franchise in the United States
The Joint Chiropractic franchise is an easy business to open and has initial investment costs below those of other small-box retail franchises.
The total investment estimate to begin operations on a new chiropractic franchise ranges from $182,697 to $368,497, making The Joint a low-cost investment opportunity with potential for high returns. Because our build-out costs are substantially lower than other brands in the health care segment, The Joint offers a quicker ramp-up time, which allows for a potentially faster return on investment. The franchise fee for your first chiropractic franchise is $39,900.
What do I get for my franchise fee? The Joint has one of the most comprehensive support platforms in the entire industry, and will help you with everything from selecting the perfect location for your clinic, to marketing to your community, advice with hiring chiropractors, as well ongoing business and financial coaching.
How do I select a location for my clinic? The Joint is very strategic about where we place our clinics. We utilize Geographic Information System (GIS), combined with comprehensive data on population information in your area, and target high-end, highly visible shopping centers to help you secure the perfect location.
What about financing? To make the investment even more affordable for new franchisees, The Joint has relationships with several third-party financial institutions that may be able to help you with financing.
What markets are available? The Joint has prime territory available in markets throughout
the United States.
Here’s our FDD Item 7, which details the specific startup costs of our franchise offering:
|Your Estimated Initial Investment|
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment is to be Made|
|Initial Franchise Fee||$20,000 - $39,900||Lump Sum||Upon Signing Franchise Agreement||The Joint Corp.|
|Security and Utility Deposits||$3,700 - $5,800||As Agreed||Before Opening||Landlord/Utility Companies|
|Three Month's Base Lease Rent||$9,000 - $27,000||As Agreed||As Agreed||Landlord|
|Clinic Design Fee||$1,000||Lump Sum||Upon Signing the Franchise Agreement||The Joint Corp.|
|Architectural||$8,500 - $12,000||As Agreed||Before Opening||Architect|
|Leasehold Improvements||$63,600 - $150,000||As Agreed||Before Opening||Landlord or Construction Contractors|
|Signage||$5,600 - $9,000||As Agreed||Before Opening||Vendors|
|Office Equipment, Including Furniture and Fixtures||$5,000 - $7,000||As Agreed||Before Opening||Vendors|
|Chiropractic or other Professional Equipment||$5,800 - $13,000||As Agreed||Before Opening||Vendors|
|Computer Hardware, Software, Supplies and Installation||$4,200 - $9,000||As Agreed||Before Opening||The Joint Corp.|
|Business Licenses and Permits||$750 - $3,800||As Required||Before Opening||Government Agencies|
|Professional Fees and Services||$3,000 - $6,200||As Agreed||Before Opening||Attorneys, Accountants and other Professionals|
|Insurance||$4,000 - $8,000||As Agreed||Before Opening||Insurer|
|Initial Training Expenses, including Travel||$2,500 - $5,000||As Agreed||As Incurred||Vendors|
|Start-up Supplies - Uniforms, Contracts, Invoices, and other Office Supplies||$1,250 - $2,000||As Agreed||As Incurred||Telephone Company or other Third Party|
|Local Advertising Fees- three months||$9,000|
|Grand Opening||$14,000||As Agreed||As Incurred||Vendors|
|Three Months' Office Management Software Fee||$1,797||As Agreed||As Incurred||The Joint Corp.|
|Additional Funds- three months||$20,000 - $45,000||As Agreed||As Incurred||Landlords, Vendors,Employees|
|TOTAL ESTIMATED INITIAL INVESTMENT||$182,697 - $368,497|
We are looking for candidates who have a net worth of at least $350,000 and have access to at least $100,000 in liquid capital, along with a good credit history and score.
Your actual startup costs may vary. To get a more specific view of your costs, fill out the form and start a conversation with us about opening a The Joint franchise location in your market.