100% Chiropractic Franchise in 2024: Costs, Fee & FDD
Discover the investment potential of 100% Chiropractic, a rapidly growing wellness franchise with a holistic approach. Explore key costs, earning potential, and support benefits to see if this patient-centered brand aligns with your business goals.
Table of Contents:
100% Chiropractic was founded by Drs. Jason and Vanessa Helfrich, a passionate duo dedicated to holistic health and wellness. Established in 2004, this chiropractic franchise has quickly risen to prominence for its integrative, patient-focused approach. The founders envisioned a healthcare brand that delivers natural healing solutions, emphasizing preventive care and empowering patients to achieve optimal health. Their mission is centered around holistic well-being, making 100% Chiropractic a unique player in an industry where patient-focused, comprehensive care is highly valued.
At its core, 100% Chiropractic offers chiropractic adjustments, wellness consultations, and corrective care programs designed to improve patients’ overall quality of life. They serve a broad customer base—families, athletes, and individuals seeking pain relief or preventive health solutions. The brand complements its primary chiropractic services with massage therapy, spinal rehab, and wellness workshops. Additionally, they offer specialized services such as prenatal and pediatric care, catering to a diverse clientele who prioritize long-term health and vitality over quick fixes.
Currently, 100% Chiropractic boasts a growing presence across the U.S., with over 80 locations nationwide. This expanding footprint reflects the brand’s commitment to accessible, high-quality chiropractic care. While their operations remain U.S.-based, their growth strategy aims to reach more communities, building on their reputation as a go-to for natural, drug-free healthcare. Each location serves hundreds of clients weekly, with a focus on building long-term relationships and patient loyalty, contributing to a substantial and satisfied customer base.
100% Chiropractic is known for its robust support system, helping franchisees build thriving practices from the ground up. Franchise owners benefit from comprehensive training programs covering everything from chiropractic techniques to business management and customer service. The franchise provides ongoing marketing support, operations guidance, and staff training, ensuring a consistent experience across locations. With a solid framework for franchisee success, 100% Chiropractic offers a model that’s both financially rewarding and purpose-driven, setting it apart in the wellness franchise space.
100% Chiropractic Franchise Insights
- Since beginning to franchise in 2015, the brand has expanded to 117 locations in the U.S., with 111 franchised units and 6 corporate locations, reflecting strong demand and scalability.
- With a unique emphasis on long-term, preventive care, franchise locations report high patient retention rates, with clients often making regular visits monthly or even weekly.
- With increasing awareness of holistic health benefits, demand for chiropractic services is anticipated to grow by nearly 10% over the next five years, indicating a healthy future for franchise expansion.
100% Chiropractic Franchise Key indicators
Growth YOY (%)
25%
vs industry 5%
Total U.S. Franchised Units
111
3-Year Failure Rate
3%
vs industry 12%
Sales-to-Investment ratio
1.2:1
How much does it cost to open a 100% Chiropractic franchise?
Understanding the potential investment size and capital requirements is crucial when considering opening a 100% Chiropractic franchise. These financial commitments, including initial franchise fees, equipment costs, and ongoing operational expenses, impact the feasibility and profitability of the venture. Thoroughly evaluating these factors ensures that potential franchisees are prepared for the financial responsibilities and can make informed decisions about their ability to sustain and grow the business, ultimately contributing to long-term success.
Min & Max Investment
Opening a 100% Chiropractic franchise involves several key costs, which are outlined in Item 7 of the Franchise Disclosure Document (FDD). you can see a breakdown of the costs to open a 100% Chiropractic below from the most recent Item 7 below:
Type of Expenditure | Minimum Investment | Maximum Investment |
---|---|---|
Initial Franchise Fee | $7,500 | $51,000 |
Rental Security and Utility Deposits | $2,979 | $12,250 |
Three Months’ Lease Rent | $7,500 | $36,000 |
Architectural | $6,000 | $15,000 |
Office Planning | $4,500 | $4,500 |
Office Millwork | $42,063 | $43,738 |
Leasehold Improvements | $104,550 | $320,000 |
Signage | $5,000 | $15,000 |
Office Equipment, Including Furniture and Fixtures | $6,000 | $9,000 |
Chiropractic or Other Professional Equipment | $15,600 | $32,400 |
X-Ray Machine | $38,900 | $40,142 |
Computer Hardware, Software, Supplies, and Installation | $19,500 | $25,000 |
Business Licenses and Permits | $3,500 | $5,000 |
Professional Fees and Services | $3,000 | $6,900 |
Insurance (3 months) | $900 | $1,650 |
Doctor Credentialing | $750 | $1,500 |
Initial Training Expenses, Including Travel | $16,000 | $39,000 |
Start-up Supplies | $9,500 | $9,500 |
Start-up Marketing Expenses through Third Month | $16,000 | $25,900 |
Marketing Expenses for Grand Opening | $0 | $1,000 |
Additional Funds – Three Months | $30,000 | $120,000 |
Total Estimated Initial Investment | $339,742 | $782,080 |
Item 7 in the Franchise Disclosure Document (FDD) is the “Estimated Initial Investment” section. It outlines the total costs a franchisee can expect to incur when starting a franchise, including the initial franchise fee, equipment, inventory, real estate, and other startup expenses. This section is crucial because it provides potential franchisees with a detailed understanding of the financial commitment required, helping them assess affordability and plan their investment strategy effectively.
Required Capital
To open a 100% Chiropractic franchise, the required capital involves both the initial investment costs and a net worth requirement set by 100% Chiropractic. Let’s take a closer look below:
- Initial Investment As shown above, the total estimated initial investment ranges from $339,742 to $782,080. This includes all the startup costs such as the franchise fee, real estate, construction, equipment, initial inventory, and additional funds for initial operating expenses. Assuming that you will finance your franchise investment, you should plan to have 20% of the total investment amount in the form of equity (cash) for the investment.
- Liquid Assets Franchisors in this industry often require liquid assets between 20-30% of the total investment. For 100% Chiropractic, this could mean an estimated $70,000 – $150,000 in liquid assets.
- Net Worth For a total investment range as broad as $339,742 – $782,080, many franchisors would look for a net worth around 1.5 to 2 times the upper investment limit. Therefore, an estimated net worth of $1 million to $1.5 million would likely be required to qualify comfortably.
How much does a 100% Chiropractic franchise owner make?
Calculating the salary of a 100% Chiropractic franchise owner involves analyzing gross sales to determine total revenue, assessing operational efficiency to understand profit margins, and accounting for franchisor fees and additional expenses such as rent, utilities, and payroll. Effective management of these factors can significantly impact the profitability and financial success of a 100% Chiropractic franchise owner. This comprehensive financial analysis helps estimate net profits, from which the owner’s salary can be derived. A clear understanding of these factors ensures accurate salary projections and financial planning for sustainable business operations.
100% Chiropractic Revenue & Gross Sales
Last year, 100% Chiropractic franchises achieved a median gross sales of $700,012. This financial performance underscores the brand’s robust consumer demand and potential for lucrative returns for franchisees.
Which key factors impact the average revenue performance of 100% Chiropractic franchisees?
The performance of U.S. franchisee median gross sales for 100% Chiropractic in the past year is likely influenced by several key factors. First, there’s growing consumer interest in preventive health and wellness, which aligns well with the franchise’s focus on holistic chiropractic care. Additionally, as healthcare costs rise, many individuals are seeking alternative therapies, boosting demand for services like chiropractic adjustments and spinal wellness. The brand’s steady expansion and increased consumer awareness may have also driven higher traffic to individual locations. Furthermore, with a well-established support system, franchisees may have leveraged marketing and operational strategies more effectively. Economic conditions and inflation, however, could impact disposable income, leading some consumers to limit spending on non-essential services, possibly balancing out some of the growth experienced.
100% Chiropractic Franchise Operational Costs
Operational costs for a franchise like 100% Chiropractic are the ongoing expenses required to run the day-to-day operations of the business. These costs are essential for maintaining the business’s functionality and ensuring smooth operations. For a 100% Chiropractic franchise, operational costs include:
- Staffing and Payroll Chiropractic offices typically require licensed chiropractors, massage therapists, and front desk staff. Payroll costs can be significant, especially as retaining skilled practitioners is crucial for quality service.
- Rent and Utilities The cost of renting and maintaining a suitable clinic space, along with utilities, can be substantial, particularly in high-traffic or premium locations that attract more customers.
- Medical and Office Supplies Regular expenditures on chiropractic and wellness supplies, including adjusting tables, massage equipment, and therapy tools, are essential to maintain service quality and comply with health standards.
- Insurance and Licensing Malpractice insurance for chiropractors, general liability insurance for the facility, and ongoing licensing fees are necessary to protect the business and comply with industry regulations.
- Technology and Software Investing in patient management software, scheduling systems, and possibly telehealth platforms can improve efficiency but add to monthly operating expenses.
Careful planning and budgeting for these operational costs are crucial for the financial health and success of your 100% Chiropractic franchise.
100% Chiropractic Franchise Fees
Owning a 100% Chiropractic franchise is different from owning an independent, non-franchised business. All franchises tend to charge ongoing fees that franchisees are required to pay to operate. 100% Chiropractic requires their franchisees to pay the below fees:
- Royalty Fee 6.5% of gross revenue, with a minimum of $2,500 per month ($1,500 minimum for the first three months). This fee is collected on the 1st of each month, supporting access to franchise systems and brand resources.
- Billing Fee 10% of insurance collections, covering revenue cycle management services. This fee is based on gross revenue received from insurance billing sources like Medicare, Medicaid, personal injury cases, and other insurances.
- Marketing Fee $800 per month, contributing to the company’s marketing fund to support brand-level advertising efforts.
- Additional Potential Fees Franchisees may incur other costs for specific local advertising, required insurance, or technology updates, depending on franchise and location needs.
These ongoing fees are essential to consider when planning the financial aspects of owning and operating a 100% Chiropractic franchise. They cover the costs of brand support, advertising, and ongoing operational assistance provided by 100% Chiropractic.
100% Chiropractic Franchise Earnings
Based on the most recent data, the median gross sales for a 100% Chiropractic franchise location are approximately $700,012. For an owner-operator, the estimated earnings from this gross sales figure stand at about $126,002. This indicates a solid revenue stream for franchisees operating within the chiropractic and wellness industry, with an attractive earning potential for owner-operators. Given the support from 100% Chiropractic’s established systems, these figures reflect the potential profitability of running a franchise, especially with effective local marketing and strong customer retention. However, actual earnings can vary based on location, customer demographics, and the franchisee’s operational efficiency.
How to Open a 100% Chiropractic Franchise
Becoming a 100% Chiropractic franchisee is a rigorous process that involves financial scrutiny, extensive training, and thorough evaluation. However, it offers the potential for a lucrative business opportunity backed by a globally recognized brand and comprehensive support system.
The full process for how to open a 100% Chiropractic franchise is outlined below:
- Initial Inquiry You or your franchise specialist submits an initial inquiry basic information about your interest and background. You should also conduct thorough research on the franchise, including seeing all of the information available on the Vetted Biz franchise intelligence platform, including access to the most recent Franchise Disclosure Document (FDD).
- Initial Call After submitting an inquiry, you’ll typically have an introductory call with the franchise’s development team. If there’s mutual interest, they will provide you with a comprehensive guide to the franchise’s obligations, fees, and expectations.
- Franchise Application and Financial Review If you decide to move forward, the next step is submitting a formal application. This includes a financial review to confirm you meet the franchise’s net worth and liquid asset requirements.
- Discovery Day After initial approval, you may be invited to a Discovery Day at the corporate headquarters or a local franchise. This visit provides an opportunity to meet the corporate team, experience the brand’s culture firsthand, and review operational aspects in depth.
- Signing the Franchise Agreement Once you’re fully informed and committed, the final step in the selection process is signing the Franchise Agreement. This contract officially grants you the right to open a 100% Chiropractic location.
- Site Selection and Build-Out After signing, the franchisor assists with finding a suitable location, negotiating leases, and overseeing the build-out. They ensure the site aligns with brand standards for design and layout, creating a welcoming space for patients.
- Training and Pre-Opening Support Before opening, you’ll participate in an extensive training program covering chiropractic practices, customer service, and business management. The franchise team also provides pre-opening support, including help with staffing and marketing.
- Grand Opening and Ongoing Support Once your location is ready, you’ll host a grand opening with the help of the franchise’s marketing resources. From there, 100% Chiropractic offers ongoing support in marketing, operations, and training to help you build and sustain a successful business.
Pros & Cons
Pros
Growing Industry: Chiropractic and wellness services are part of a $15 billion industry in the U.S., with rising demand as consumers seek natural and preventive healthcare options.
Strong Patient Retention: The brand emphasizes long-term, holistic care, which encourages repeat business and builds a loyal customer base, leading to more stable revenue.
Multiple Revenue Streams: Franchisees can offer ancillary services like massage therapy and wellness products, which can boost revenue and attract a diverse clientele.
Cons
Potential Insurance Dependence: Since chiropractic services are often billed through insurance, franchisees may rely heavily on insurance reimbursements, which can introduce administrative complexities and delays.
Competition in Wellness: The wellness industry is competitive, with chiropractic offices, physical therapy centers, and other holistic care providers all vying for similar customer demographics.
Commitment to a Niche Market: Chiropractic care appeals to a specific subset of health-conscious consumers, so franchisees may need to be in a location with sufficient demand for such services.