Highlights include:
- 94% of franchisees are likely to invest in The Joint all over again and recommend the brand to others.
- 91% of franchisees are in agreement to enjoying being part of the organization.
- 91% of franchisees rate their “local market competitiveness” above average; exceeding the industry benchmark by +12%.
Full Answer
See more
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
Is the joint a good franchise?
94% of franchisees are likely to invest in The Joint all over again and recommend the brand to others. 91% of franchisees are in agreement to enjoying being part of the organization. 91% of franchisees rate their “local market competitiveness” above average; exceeding the industry benchmark by +12%.
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.
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.
How many joint chiropractic locations are there 2022?
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.
What is a fractional franchise?
Fractional franchise means any relationship in which the person described therein as a franchisee, or any of the current directors or executive officers thereof, has been in the type of business represented by the franchise relationship for more than 2 years and the parties anticipated, or should have anticipated, at ...
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.
Is the chiropractic industry growing?
The market size of the Chiropractors industry is expected to increase 1.9% in 2022. Has the Chiropractors industry in the US grown or declined over the past 5 years? The market size of the Chiropractors industry in the US has grown 3.4% per year on average between 2017 and 2022.
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.
Where do chiropractors make the most money?
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
What chiropractic specialty makes the most money?
DCs in integrative settings earn more money on average.Chiropractic professionals in multidisciplinary clinics make $134,000 per year.Solo DCs average $131,400 per year.Chiropractic physicians in integrated practices averaged $197,000 per year.
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.
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.
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.
How do I cancel my joint chiropractic membership?
To cancel your Joint Chiropractic subscription, follow these 4 easy steps:Visit The Joint Chiropractic clinic where you opened your membership.Speak to a customer support representative.Provide your customer details and request the cancellation of your subscription.Check for a confirmation email.
How do you own a joint?
What Does a The Joint Chiropractic Franchise Cost? To buy a franchise with The Joint Chiropractic, you'll need to have at least $100,000 in liquid capital and a minimum net worth of $250,000. Franchisees can expect to make a total investment of $211,400 - $339,900.
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.
What is a stable workforce?
A stable workforce. No need for large numbers of specialized employees outside of the primary chiropractor. No inventory required for the execution of ongoing operations. Patient files and paperwork are electronic, streamlining operations and facilitating patients’ ability to visit clinics across the U.S.
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
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.
What is joint chiropractic?
The Joint’s mission is to improve quality of life through routine and affordable chiropractic care. The Joint does this by offering a no insurance, no appointment, cash-based membership model where patients can come into a clinic on their own time and receive an adjustment in any one of our 585+ locations. Our membership-based business model and proprietary software allows our patients to receive adjustments in any of our clinics around the country, not just at their home clinic. The size of our clinics are between 800-1400 sq. ft. with a simple buildout. With no cost of goods and a small number of employees required, The Joint is a must-have in every entrepreneur's portfolio. You do not need any medical experience to become a franchisee of The Joint - both chiropractors and entrepreneurs find success with The Joint Chiropractic.
How to be successful as a franchisee?
Successful franchisees focus on their business every day. This includes analyzing your clinics performance with our proprietary operating platform which allows you to view key metrics in real time from anywhere. Conduct clinic visits to follow up on events that happen throughout the day. Provide business coaching and best practices to employees. Execute local clinic marketing initiatives utilizing the clinic marketing tool kit which outlines community networking and digital strategies.
How many clinics does the Joint have?
1. Accessibility- The Joint has the largest network of chiropractic care in the country, with 585 clinics. By moving chiropractic from hospitals and medical offices to a retail setting the franchisor can make care available at affordable prices through a monthly membership. Patients members need only scan their token at any location, as no appointment is necessary, and the average wait time is less than 15 minutes.
What is franchising in 2021?
In 2021, more than 27% of new patients to The Joint had never seen a chiropractor before. 3.
Is joint chiropractic insurance?
The Joint Chiropractic offers a network of non-insurance, private pay chiropractic health care clinics in the United States. The network consists of modern, consumer-friendly chiropractic clinics and individually selected Doctor of Chiropractic that deliver quality pain relief and preventative care on a low-cost membership basis. The Joint is a publicly-traded company on the NASDAQ exchange under JYNT.
Testimonials
When you’re going through school, it’s year round and you come out with $200,000 in debt. My wife and I were looking at The Joint throughout chiropractic college. It was pretty enticing to us to get into a franchise where we wouldn’t be alone. The license prices aren’t too high and the build-outs are pretty simple.
A Truly Unique Offering with Broad Appeal
The Joint® Chiropractic is reinventing chiropractic care. Our vision is to become the largest, most respected provider of chiropractic services globally.
An Attractive Business Model Backed by Favorable Trends
Our cash, no insurance model frees your clinic to focus on taking care of patients, requires fewer employees, and offers stronger cash flow and earnings potential. Our no appointments policy allows greater patient access, higher patient counts and a stronger referral base.
Request Information
Looking for more information about The Joint Corp.? Take a moment to fill out our quick information request form.
