Initial Investment and Startup Costs
A low initial investment opportunity and a proven business model make The Joint Chiropractic franchising a best-bet investment
The Joint Chiropractic franchising 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 $181,250 to $341,050, 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 healthcare 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 $20,000.
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||When you sign the Franchise Agreement||The Joint Corp.|
|Personal Business Coach||$3,000||Lump Sum||When you sign the Franchise Agreement|
|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||Us|
|Architectural||$8,500-$12,000||As Agreed||Before Opening||Architect|
|Leasehold Improvements||$63,000 - $130,000||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 - $9,000||As Agreed||Before Opening||Vendors|
|Computer Hardware, Software, Supplies and Installation||$4,200 - $7,000||As Agreed||Before Opening||Vendors and use for Office Management Software|
|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||$10,000||As Agreed||As Incurred||Vendors|
|Three Months' Office Management Software Fee||$1,350||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||$181,250 - $341,050|
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.