5 Reasons to Own a Chiropractic Franchise
The Fast-Growing Chiropractic Franchise is a Wise Investment
Taking the chiropractic industry by storm, The Joint Chiropractic has become the nation’s largest provider of chiropractic care, offering a convenient retail setting and concierge-style services, with no need for appointments or insurance.
In a major milestone, The Joint Chiropractic recently announced the grand opening of its 700th clinic. Now, the franchise has a presence in 37 states across the U.S. With health and wellness on the minds of every American more than ever, The Joint Chiropractic’s affordable care by licensed professionals has clicked with customers. Continue reading for our top 5 reasons to invest in the most well-known chiropractic franchise in the country.
1. Thriving Industry
To say that chiropractic care is in demand would be an understatement.
According to IBIS World, the chiropractic industry is expected to hit a staggering $19.5 billion in 2022, representing a 4.3% growth in revenue from the year prior. All this in a world with so much economic turmoil.
It’s not just pandemic-related issues that have driven demand for chiropractic care. Instead, the industry was well on its way toward steady, sustained growth for years prior. From 2017-2022, for instance, the market size of the chiropractic industry in the U.S. grew 2.5% every year – that’s faster than the healthcare and social assistance industry, as well as the U.S. economy overall.
With such a thriving market, and a straightforward, built-for-success business plan, The Joint Chiropractic plans to reach 1,000 units by the end of 2023.
2. Low Costs and Tremendous Unit Level Economics
The total investment estimate to begin operations on a new chiropractic franchise ranges from $203,397 to $380,697**, making The Joint Chiropractic 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 Chiropractic offers a quicker ramp-up time, which allows for a potentially faster return on investment.
One of the reasons why The Joint Chiropractic is growing so fast is because of our unit-level economics. Our business model is designed to serve more patients than the rest of the industry, and as a result, the profit-potential of our clinics exceeds traditional chiropractic clinics as well. Click here to learn more about how much revenue our clinics generate.
**See our Franchise Disclosure Document for further information on these fees and investment amounts.
3. Making Chiropractic Care Readily Available
The Joint Chiropractic’s recipe for success is no secret. We realize chiropractic care is an industry that helps people. It’s a value and priority we never lose sight of, and keeps our loyal customers coming back.
As such, we’ve made receiving care at The Joint Chiropractic as convenient, simple, and inexpensive as possible. Typically, when a patient wants chiropractic care, they have to see a doctor to get a referral, call their insurance to make sure they’re covered, and then book an appointment that could take weeks.
The Joint Chiropractic, however, does away with all of that. We keep the costs of treatment low. We don’t require insurance, and on top of it all, we welcome walk-ins. Our business model has truly shaken up the entire chiropractic care industry, evidenced by our continued year-over-year growth.
4. Proven Business Model
You don’t open 700 locations in just a matter of years in this economy without doing something right, but that’s exactly what The Joint Chiropractic can claim: a proven business model that has brought success to hundreds of aspiring entrepreneurs, even during times of economic obstacles.
It’s expected that global spending on health care will reach more than $10 trillion by 2022, with the U.S. spending the most of all counties, sitting at $10,224 per capita. That makes the healthcare industry the largest and fastest-growing industry in the world.
The Joint Chiropractic’s proven business model is developed to ride on that wave of growth. Our franchisees, many of whom have opened multiple units, are approaching the $1 million mark in revenues per year per location. Now, truly, has never been a better time to invest in this fast-growing segment.
5. Track Record of Success
The most prominent trackers of the franchise industry all agree: The Joint Chiropractic is a best-bet.
This year, Entrepreneur Magazine rated The Joint Chiropractic as the No. 57 best franchise to invest in, according to the publication’s esteemed 2022 Franchise 500 ranking. The Franchise Times, too, placed The Joint Chiropractic as the No. 194 best franchise to invest in, out of a ranking of 400 other franchise opportunities.
“The accelerated pace of growth of our network is indicative of consumer demand for a healthier lifestyle,” said Peter D. Holt, president and CEO of The Joint Corp. “We look forward to continuing our mission of providing convenient and affordable care to communities across the U.S. as we drive toward opening 1,000 clinics by the end of 2023.”
Ready to Invest in The Joint Chiropractic?
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.