General

Industry

Healthcare Services

Category

Specialized

SBA Identifier

Year of Founding

2013

Fees

Marketing Fee

15%

Royalty Fee

14%

Franchise Fee

$12,500-$12,500

Investment Range

$24K-$310K

Location units

Total U.S. Locations

8

U.S. Franchised Units

5

U.S. Corporate Units

3

Headquarters (City)

Tualatin

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2014

Issuance of FDD Data

09/20/2019

What to know about Centro Chiropractic Clinic franchise?

We are CENTRO CLINIC LLC, an Oregon limited liability company. We administer a system of full service, bilingual (Spanish and English) chiropractic care centers. We offer franchises to licensed chiropractors and qualified entities to convert their existing chiropractic clinics to the Centro Clinic franchise system. This is done under the "Centrosm" names and logos.

Centro Chiropractic Clinic is based in Tualatin, OR. Scroll down to learn more!

How much does a Centro Chiropractic Clinic franchise cost?

Are you wondering how much is a Centro Chiropractic Clinic franchise? Before starting a Centro Chiropractic Clinic franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Centro Chiropractic Clinic franchise is $24,250 and can go all the way up to $310,150. Keep in mind, you should also allocate additional funds to live off of while the Centro Chiropractic Clinic business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Centro Chiropractic Clinic franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Centro Chiropractic Clinic business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Centro Chiropractic Clinic franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2017 2 1 0 5
2018 3 4 0 5

Additional Details

How much does a Centro Chiropractic Clinic franchise owner make?

Centro Chiropractic Clinic franchise earnings and revenue can vary significantly from one franchisee to another.
The Centro Chiropractic Clinic franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Centro Chiropractic Clinic unfortunately does not disclose financials on how much Centro Chiropractic Clinic franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Centro Chiropractic Clinic does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Centro Chiropractic Clinic franchisees. Do note that Centro Chiropractic Clinic is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Centro Chiropractic Clinic franchisees to understand how much money they are making from their Centro Chiropractic Clinic business.

You should also speak to former Centro Chiropractic Clinic franchisees to understand why they left the system. Did they sell their Centro Chiropractic Clinic at a profit? Were they forced to close their Centro Chiropractic Clinic franchise down because it kept losing money?

What is the Centro Chiropractic Clinic franchise fee?

Owning a Centro Chiropractic Clinic franchise requires 14% royalty fee and 15% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Centro Chiropractic Clinic Franchise Disclosure Document

Keep in mind, there is also an initial Centro Chiropractic Clinic franchise fee of $12,500 that is included in the initial investment amount of $24,250 to $310,150. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Centro Chiropractic Clinic franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Centro Chiropractic Clinic franchise fee of $12,500.

Visit the Centro Chiropractic Clinic metrics tab to explore the financials for this business, royalty and marketing fees compare to other Healthcare Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Centro Chiropractic Clinic founded?

Centro Chiropractic Clinic started offering franchises in 2014. Centro Chiropractic Clinic was founded 9 years ago in 2013.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Centro Chiropractic Clinic locations are in the U.S.?

As of 2019, there were 5 locations across the U.S. There are also 3 corporate locations. Most Healthcare Services franchises like Centro Chiropractic Clinic have more franchised locations than corporate locations.

How many Centro Chiropractic Clinic franchises opened over the past few years?

Over the prior 3 years we have data for, Centro Chiropractic Clinic has opened 5 outlets throughout the U.S. Visit the Centro Chiropractic Clinic metrics tab to explore how the openings compare to other Healthcare Services franchises.

How many Centro Chiropractic Clinic franchises closed over the past few years?

Over the prior 3 years we have data for, Centro Chiropractic Clinic has closed 0 outlets throughout the U.S

Visit the Centro Chiropractic Clinic metrics tab to explore how the openings compare to other Healthcare Services franchises.

Is Centro Chiropractic Clinic growing? Are they opening more locations than they are closing?

The net unit growth rate for Centro Chiropractic Clinic over the past 3 years is 0%. Over the last year we have data for, Centro Chiropractic Clinic had a net unit growth rate of 67%.

Without a comparison, this number doesn’t mean much. Compare how the Centro Chiropractic Clinic growth rate compares to 2,000+ other franchises and Industry franchises like Centro Chiropractic Clinic. More info in the Centro Chiropractic Clinic metrics tab.

Is Centro Chiropractic Clinic franchise eligible for an SBA Loan?

Centro Chiropractic Clinic is not eligible for SBA loans including the 7(a) loan last time we checked.

Centro Chiropractic Clinic franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Centro Chiropractic Clinic that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Centro Chiropractic Clinic a franchise in the United States?

According to the SBA, Centro Chiropractic Clinic does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Centro Chiropractic Clinic provides you with an FDD if you are in discussion to buy a Centro Chiropractic Clinic

What is the Centro Chiropractic Clinic Franchise for Sale Rate?

The Centro Chiropractic Clinic systemwide health and franchisee satisfaction can be measured by the Centro Chiropractic Clinicfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Centro Chiropractic Clinic franchise for sale rate over the past 3 years is 25%. Over the last year we have data for, Centro Chiropractic Clinic had a franchise for sale rate of 40%.

Without a comparison, this number doesn’t mean much. Compare how the Centro Chiropractic Clinic franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Centro Chiropractic Clinic. More info in the Centro Chiropractic Clinic metrics tab.

What is the Centro Chiropractic Clinic Franchise Failure Rate?

Centro Chiropractic Clinic franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Centro Chiropractic Clinic failure rate over the past 3 years is 0%. Over the last year we have data for, Centro Chiropractic Clinic had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Centro Chiropractic Clinic franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Centro Chiropractic Clinic. More info in the Centro Chiropractic Clinic metrics tab.

How can I find out more details on Centro Chiropractic Clinic franchise?

Visit the Centro Chiropractic Clinic metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Centro Chiropractic Clinic

$167,200

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Centro Chiropractic Clinic

14%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Centro Chiropractic Clinic

$12,500

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Healthcare Services

Category

Specialized

SBA Identifier

Year of Founding

2013

Fees

Marketing Fee

15%

Royalty Fee

14%

Franchise Fee

$12,500-$12,500

Investment Range

$24K-$310K

Location units

Total U.S. Locations

8

U.S. Franchised Units

5

U.S. Corporate Units

3

Headquarters (City)

Tualatin

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2014

Issuance of FDD Data

09/20/2019

Detailed Franchise metrics for Centro Chiropractic Clinic

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Centro Chiropractic Clinic below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Centro Chiropractic Clinic

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Centro Chiropractic Clinic

NA

25%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Centro Chiropractic Clinic

NA

0%

Industry median

All franchises median

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Activity
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Business details

Company Name

www.centroclinic.com

Business email

**********@******.com

Mailing address

12205 SW Tualatin Road, #270

State headquarters

Oregon

Owner Name

Centro Chiropractic Clinic

Phone

+1 (000) 0********00

City

Tualatin

Zip code

97062
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