Where can I find details regarding related party transactions for Healthsource Chiropractic?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
e straight-line method over the 10-year term of the agreement.
| 2025 | $ | 16,300 |
|---|---|---|
| 2026 | 16,300 | |
| 2027 | 16,300 | |
| 2028 | 16,300 | |
| 2029 | 10,000 | |
| Thereafter | = | |
| Fran |
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, details regarding related party transactions are included in specific notes within the financial statements. Note L, titled 'Related Party Transactions,' indicates that further information can be found in Note D – Advance Receivable – Affiliates, Note I – Note Payable – Member, Note O – Related Party Leases, and Note P – Operating leases.
For a prospective franchisee, this means that understanding the financial relationships Healthsource Chiropractic has with its affiliates, members, and related parties is crucial. These relationships could potentially impact the financial stability and operational practices of the franchise system. By reviewing the specified notes, a franchisee can gain insight into any potential conflicts of interest, preferential treatment, or financial dependencies that may exist.
It is important for potential franchisees to carefully examine these related party transactions to assess their potential impact on the franchise's operations and financial health. Understanding these relationships can help a franchisee make a more informed decision about investing in a Healthsource Chiropractic franchise. Paying close attention to the details provided in the referenced notes is essential for conducting thorough due diligence.