What fiscal year does Healthsource Chiropractic use for its financial performance representations?

According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the financial performance representations are based on a fiscal year that runs from January 1 through December 31 of the indicated calendar year. This is explicitly stated in Item 19, which covers financial performance representations.

Healthsource Chiropractic's Item 19 includes data related to gross revenues, gross profit, conversion percentage, patient visit average, case average, and average visit income. The document specifies that the data presented is gathered from the HSWorx billing software used by the franchisees. The financial performance representations include a year-over-year comparison of gross revenues from 2023 to 2024, as well as gross profit information for 2024.

For a prospective franchisee, this means that the financial data provided by Healthsource Chiropractic is based on a standard calendar year. This consistency is beneficial for comparing performance across different years and for aligning with typical business accounting practices. The FDD also clarifies the definitions of key performance indicators such as 'Average Visit Income,' 'Case Average,' and 'Conversion Percentage,' providing a clear understanding of how these metrics are calculated and used in the financial representations.