Does the Healthsource Chiropractic amendment specify any fees related to the Development Agreement?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
were 132 franchisees in operation at December 31, 2024.
NOTE M - REVENUE CONT'D:
Royalty Revenue
Royalty payment obligations payable by franchisees to Healt
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
Based on the 2025 Healthsource Chiropractic Franchise Disclosure Document excerpts, there is no mention of specific fees associated with a Development Agreement. The provided excerpts focus on various aspects of the franchise agreement, including initial franchise fees, continuing franchise fees, advertising fees, technology fees, and fees related to optional programs. These fees cover different aspects of the franchise operation, such as the initial investment, ongoing royalties, marketing contributions, technology support, and additional services.
While the excerpts detail several mandatory and optional fees, they do not address any fees that would be specifically linked to a Development Agreement. The excerpts discuss the initial franchise fee, which is due upon signing the agreement, and ongoing fees like the Advertising Fee, which is 2% of gross revenues, and a monthly Technology Fee of $199. These fees are essential for franchisees to understand as they represent ongoing financial obligations to Healthsource Chiropractic.
Therefore, it is important for potential Healthsource Chiropractic franchisees to directly inquire with the franchisor about any fees associated with a Development Agreement, as this information is not explicitly provided in the given excerpts. Understanding all potential fees and costs is crucial for making an informed investment decision.