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How much do the joint franchise owners make?
The Joint is a very profitable business for the franchisor with retained earnings of $13.1 million in 2020. Compared to $3.3 million in 2019, they saw an increase of 300% from 2019 to 2020....The Joint (Franchisor) Income Statement Key Insights:20202019Less: income attributable to the non-controlling interest––27 more rows•Jun 15, 2022
Can chiropractors make millions?
At the highest end, there is not a salary cap. In many cities, there are practices where the chiropractic owner can take home over $1,000,000 per year. Typically these practices have incorporated associate doctors across multiple locations that help grow the revenue.
What is the average profit margin of a chiropractor?
Typical Revenues: The “average” chiropractic office nationwide was estimated to gross $380,300 in revenues in 2019, with a 28% profit margin.
Does Mia own the joint chiropractic?
Mia Thornton is a woman who marches to the beat of her own drum as an entrepreneur, multi-clinic franchise owner, regional developer and marketing executive for the Joint Chiropractic.
Who is the highest paid chiropractor?
10 States Where Chiropractors Earn the Most MoneyRankState2017 Mean Annual Wage1Rhode Island$147,9002Tennessee$122,6203Connecticut$113,1304Alaska$106,6006 more rows•Mar 31, 2019
Why do chiropractors make so much money?
One of the reasons that chiropractors earn so much in these states is because there are fewer positions available — fewer chiropractors means less competition, and less competition typically means higher pay.
Can chiropractors make 6 figures?
How much does a Chiropractor make in California? The average Chiropractor salary in California is $177,088 as of September 26, 2022, but the range typically falls between $150,488 and $244,133.
Are Chiropractors Profitable?
Owning a practice is by far the most lucrative path, with chiropractors routinely taking home over $100,000 per year. The Chiropractic Economics annual survey indicates that the average salary for a chiropractor who owns a solo practice is approximately $102,000 per year.
How many clients does a chiropractor see a day?
15 to 30 patientsA typical chiropractor sees 15 to 30 patients per day. However, certain themes are consistent, and chiropractors must call on a specific skill set to help their patients every day. Chiropractors treat patients that range in age from 1 to 100, but the bulk of patients are of working age.
How many locations does the Joint Chiropractic have?
In March 2010, The Joint was re-founded with the acquisition of the original eight franchised clinics. Today, The Joint has grown to a nationwide network of more than 800+ chiropractic offices and counting. We are the leader in delivering chiropractic care, performing more than four million spinal adjustments a year.
How many locations does the joint have?
800 locationsSince our founding in 1999, The Joint Chiropractic has helped millions of people find holistic relief from chronic back and neck pain. With over 800 locations open across the country, The Joint Chiropractic is just getting started.
Who started the joint franchise?
How a family of entrepreneurs became one of the most successful franchise owners in the The Joint Chiropractic network. Gordon and Marvin Thornton always knew that they would be in business together – they just needed the right opportunity at the right time.
Do chiropractors make 6 figures?
How much does a Chiropractor make in California? The average Chiropractor salary in California is $177,088 as of September 26, 2022, but the range typically falls between $150,488 and $244,133.
Are chiropractors Profitable?
Owning a practice is by far the most lucrative path, with chiropractors routinely taking home over $100,000 per year. The Chiropractic Economics annual survey indicates that the average salary for a chiropractor who owns a solo practice is approximately $102,000 per year.
Is chiropractic a good career choice?
This can be an enjoyable job for people who want to solve problems and support the physical and mental health of others. Chiropractors can also apply their medical knowledge to help their loved ones. Those in this profession also help patients regain the functionality and mobility of their spine, back and muscles.
Will chiropractors be in demand in the future?
Job Outlook Employment of chiropractors is projected to grow 10 percent from 2021 to 2031, faster than the average for all occupations. About 2,100 openings for chiropractors are projected each year, on average, over the decade.
How much does a joint chiropractor franchise cost?
Franchisees can expect to make a total investment of $211,400 - $339,900. The Joint Chiropractic charges a franchise fee of $39,900.
What is joint chiropractic?
The Joint Chiropractic makes quality healthcare affordable and convenient for patients while simplifying operations for chiropractors and investors. The best part is, you don't need healthcare or chiropractic experience to become a franchisee. We are a cash based, no-insurance model which allows for fewer employees, stronger cash flow and higher earnings potential. Our no-appointment policy and membership based recurring revenue model allows greater patient access, higher patient counts and a strong referral base. Our clinics are quick to open and scalable. We provide a simple operating model with no cost of goods.
What is membership based franchise?
A membership-based franchise is an excellent opportunity for investors and chiropractors seeking to own their own business.
Can an unlicensed chiropractor own a clinic?
Note: Some states do not permit an unlicensed person to own or operate a chiropractic practice or clinic. In those states you would own a chiropractic management franchise that provides management services to an affiliated professional chiropractic practice.
Is joint franchise a good investment?
A proven business model makes The Joint franchise a smart investment.
Who is responsible for the execution of the business model of the chiropractic clinic?
Primary employee responsible for the execution of the business model is a licensed doctor of chiropractic — a highly educated professional who has invested upwards of $200,000 in eight years of post-secondary education
Do you need insurance for chiropractic?
No appointments required, no insurance needed and offering extended evening and weekend hours has given an entire generation of customers access to the health and wellness benefits of chiropractic care.
How much does The Joint franchise cost?
The total investment estimate to begin operations on a new franchise location with The Joint ranges between $203,397 to $380,697**. The franchise fee for your first franchise with The Joint is $39,900**. The Joint also honors military veterans. As a part of VetFran, The Joint offers a 15% discount off of the initial franchise fee for veterans.
Why is The Joint a great investment for chiropractors?
This means more time helping patients heal and zero time wasted chasing down insurance companies for payment. The Joint also treats far more patients than a traditional chiropractic clinic could possibly imagine, increasing the potential profitability of a clinic with The Joint far higher on average than a traditional clinic.
How large of a space do I need for The Joint chiropractic clinic?
The Joint Chiropractic clinics have a small footprint, averaging around 1,200 square feet. This makes securing the perfect location for your franchise easier, shortens your build-out time, allows you to keep your clinic looking spiffy and professional, and get your business up and running without delay.
Why is The Joint a great fit for veterans?
Military veterans are uniquely qualified to franchise with The Joint, as they have a proven ability to follow systems, procedures and processes necessary to make any venture successful. Because The Joint’s business model is easy to run and easy to scale — requiring no previous chiropractic experience — it is a perfect fit for honorably discharged veterans who aspire to turn their dreams of entrepreneurship into reality.
How many people should be in a chiropractic clinic?
For the launch of your new chiropractic clinic, it is recommended that you employ a minimal staff of three to four people, whom you will extensively train to maintain the quality of services, as well as to ensure that your customers have positive experiences in your clinics.
Can an unlicensed chiropractor own a clinic?
Note: Some states do not permit an unlicensed person to own or operate a chiropractic practice or clinic. In those states, you would own a chiropractic management franchise that provides management services to a professional chiropractic practice owned and operated by a licensed chiropractor. Please consult our Franchise Disclosure Document (FDD) for more information about this structure.
Do I need to be a chiropractor to franchise with The Joint?
No. In fact, the majority of The Joint ’s franchise owners did not have any experience in the chiropractic industry before opening their own clinics. Our franchise owners have diverse backgrounds, from former Major League Baseball players to former ice cream shop owners. What unites all of them is their ability to follow our proven business model and their desire to help spread the benefits of chiropractic care with their communities.
How long is the franchise training program?
Training Overview: The training program is comprised of 26.25 hours of classroom/online training and 35 hours of initial on the job training. The training program must be completed to the franchisor’s satisfaction before the opening of the location franchise. Classroom training occurs in Scottsdale, Arizona. On-the-job training will occur at a certified training clinic prior to classroom training. Franchisees will also receive training at their location franchise site within a few days before and after the opening of their location franchise. The franchisor also may offer additional or refresher training courses from time to time. Some of these courses may be mandatory, and some may be optional.
What is joint corp?
Franchise Description: The Joint Corp. is the franchisor. Franchisees own, operate and/or manage clinics that specialize in providing chiropractic services and products to the general public through licensed chiropractic professionals. If franchisees are an unlicensed person, they may own and operate a clinic only if it is permissible under applicable law, otherwise, they may only manage a clinic for a licensed person or entity that is authorized to own and operate a clinic. Franchisees are responsible for operating in full compliance with all laws that apply to their franchised business and any clinics that they own, operate and/or manage.
What are the obligations of a franchisee?
If they cannot, then they are obligated to have a fully trained manager operate the franchise. The Franchise Agreement requires that franchisees, or a designated manager, be directly involved in the day-to-day operations and utilize their best efforts to promote and enhance the performance of the franchised business. Franchisees must operate the franchised business in strict conformity with all prescribed methods, procedures, policies, standards, and specifications of the system, as set forth in the manual and in other writings by the franchisor from time to time. Franchisees must use the premises only for the operation of their franchised business and may not operate any other business at or from the premises without the express prior written consent of the franchisor.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or obligations.
HealthSource Chiropractic
HealthSource, America’s Chiropractor® stands for, first and foremost, outstanding results - results for patients as well as chiropractors. We have six distinct revenue streams that drive our amazing patient results while also helping to increase potential income for your clinic.
SoVita Chiropractic
SoVita Chiropractic’s goal is to provide the highest quality chiropractic services while also providing high value for our patients. We continually study, train, experiment and innovate in order to raise our patient care standards. We create clinic healthcare environments that are inviting, comfortable, convenient, nurturing and educational.
Company Overview
Based in Scottsdale, Arizona, The Joint Corp. began franchising chiropractic clinics in 2003. Each location offers walk-in chiropractic adjustments, with no insurance necessary, as well as a membership program for patients to receive routine chiropractic care.
More from The Joint Chiropractic
The fastest growing chiropractic franchise is a smart investment for entrepreneurs and chiropractors seeking to own a business The Joint Chiropractic revolutionized the $15 billion chiropractic industry by making chiropractic care more accessible, convenient and affordable than ever before.* Founded in 1999, The Joint has grown to more than 460 locations throughout the country, helping millions of people in the process find relief from neck and back pain.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a The Joint Chiropractic franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where The Joint Chiropractic landed on this year’s Franchise 500 Ranking versus previous years.
How many joint chiropractic clinics are there in the US?
Founded in 1999 with a mission to improve the quality of life through routine and affordable chiropractic care, The Joint has grown to over 400 clinics across 30 states in 2018. By opting out of the tedious and frustrating insurance industry, the nation’s fastest-growing chiropractic franchise has successfully introduced the benefits of chiropractic care to the 21st century consumer, who desires fast, affordable and quality care on their own terms.
What is joint chiropractic?
The Joint Chiropractic is the country's largest network of chiropractic clinics (no medical or chiropractic experience required to franchise). Convenient drop-in hours, a national brand, and a gym-style membership model produce consistent revenues and eliminate the burden and cost of insurance paperwork.
Who is the primary employee of Chiropractic?
Primary employee responsible for the execution of the business model is a licensed Doctor of Chiropractic — a highly educated professional who has invested upwards of $200,000 in eight years of post-secondary education
Do chiropractors need specialized employees?
A stable workforce. No need for large numbers of specialized employees outside of the primary chiropractor
Is the joint a franchise?
The Joint is listed in the Franchise Directory under the Healthcare category. It's also listed in the section for Franchises Under $150,000 .
About The Joint Chiropractic
The Joint Corp. 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.
Business Structure
The Joint Corp. is a franchisor of clinics and an operator of clinics in certain states.
Forward-Looking Statements
This press release contains statements about future events and expectations that constitute forward-looking statements.
