What are the four main parts of the historic financial representation provided by Healthsource Chiropractic?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
This historic financial representation is divided into four main parts: (1) Gross Revenues for Qualifying Units, including a year over year comparison of 2024 vs. 2023; (2) 2024 Gross Profit (with Gross Revenues) for the Participating Franchisees; (3) 2024 Conversion Percentage and Patient Visit Average; and (4) Case Average and Average Visit Income. The references to a fiscal year mean January 1 through December 31 of the indicated calendar year.
Some Clinic franchises have earned these amounts. Your individual results may differ. There is no assurance that you will earn as much.
Source: Item 19 — (FDD pages 64–71)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the historic financial representation is divided into four main parts. These parts provide different financial metrics for prospective franchisees to consider. It is important to remember that these are historic representations and "[y]our individual results may differ. There is no assurance that you will earn as much."
The first part consists of the gross revenues for qualifying units, including a year-over-year comparison of 2024 versus 2023. This allows potential franchisees to see how revenues have trended recently. The second part details the 2024 gross profit (with gross revenues) for participating franchisees. This section helps franchisees understand the profitability of existing locations.
The third part of the financial representation covers the 2024 conversion percentage and patient visit average. These metrics provide insight into patient acquisition and retention. The fourth part includes the case average and average visit income. This information helps franchisees understand revenue generation per patient.
Healthsource Chiropractic emphasizes that written substantiation of the data used in preparing the financial performance representation will be made available to you upon reasonable request. A prospective franchisee should carefully review these substantiations and consider consulting with a financial advisor to fully understand the potential financial performance of a Healthsource Chiropractic franchise.