What condition must the Healthsource Chiropractic franchise and premises be in for a transfer?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
h. the Franchise and the Premises shall have been placed in an attractive, neat and sanitary condition.
j. the Franchise shall have been determined by us to contain all equipment and fixtures in good working condition, as were required at the initial opening of the Franchise.
The Proposed New Owner shall have agreed, in writing, to make such reasonable capital expenditures to remodel, equip, modernize and redecorate the interior and exterior of the premises in accordance with our then existing plans and specifications for a HealthSource Chiropractic Clinic franchise, and shall have agreed to pay our expenses for plan preparation or review, and site inspection.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, before a franchise can be transferred, the franchise and premises must be in an attractive, neat, and sanitary condition. Additionally, Healthsource Chiropractic must determine that the franchise contains all equipment and fixtures in good working condition, as were required at the initial opening of the franchise.
Furthermore, the proposed new owner must agree in writing to make reasonable capital expenditures to remodel, equip, modernize, and redecorate the interior and exterior of the premises. This remodeling must align with Healthsource Chiropractic's existing plans and specifications for a franchise. The new owner must also agree to cover Healthsource Chiropractic's expenses for plan preparation or review, as well as site inspection costs.
These conditions ensure that the Healthsource Chiropractic franchise maintains a consistent brand image and operational standard even after a transfer of ownership. This protects the brand's reputation and ensures that customers continue to receive a consistent experience at all locations. For a prospective franchisee looking to sell their franchise in the future, maintaining the premises and equipment in good condition is essential to facilitate a smooth transfer process.