The Joint Franchise Shows Increased Sales and Growth in Q1 2022
Growth is Forefront in 2022 for The Joint
In Q1 2022, The Joint Chiropractic. reached several milestones: from Q1 2021 to Q1 2022, The Joint Chiropractic grew revenue 28%, increased system-wide sales by 27%, and opened the most locations of any first quarter in the company’s history. A commitment to franchise growth was paramount for The Joint Chiropractic. This quarter, as we opened 27 new locations in Q1 2022, more than doubling the number of Q1 2021.
The Joint Chiropractic also announced new regional developer (RD) territory rights acquired in Northern New Jersey in March and in Northern California in April.
Peter D. Holt, President and CEO of The Joint Chiropractic, recently spoke about The Joint’s current success and plans to continue rapid franchise growth.
“We are confident in our plan to overcome the near-term macro environment, build upon our strong foundation, and drive toward our goal of opening 1,000 clinics by the end of 2023,” Holt said.
Grow with the Chiropractic Industry
Here are some great reasons you should consider investing in the chiropractic industry:
1. Chiropractor Industry Size
The chiropractic industry in the United States is estimated and projected to grow over the next few years. The industry actually grew from 2019 to 2020, even with the hardships of the pandemic, showing that even in times of need, a healthcare franchise like The Joint is a great investment.
2. Popular Among Consumers
Chiropractic services have increasingly become more and more needed as consumers look for options other than visiting the doctor. The perk of not requiring insurance for service means customers don’t need to jump through extra hoops to receive service. A survey says 53% of US adults visited a chiropractor for neck or back pain. More than 35 million Americans are treated annually.
3. Open Market
There aren’t many large operators in the chiropractic market. There are about 40,000 chiropractic offices open in the United States. With millions of Americans looking for a holistic, surgery-free way to treat back pain, now is a great time to invest in this in-demand service.
Join The Joint Franchise Family Today!
The Joint Chiropractic is ushering in a new era of mainstream credibility for the chiropractic
industry by making access to care more affordable, accessible, and convenient than ever before. Founded in 1999 with a mission to improve the quality of life through routine and affordable chiropractic care, The Joint Chiropractic has successfully introduced the benefits of chiropractic care to the 21st-century consumer, who desires fast, affordable, and quality care on their own terms.
Ready to bring the fastest-growing of the chiropractor franchises to your community?
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 here.
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.