What is not included in the security deposits estimate for a HealthSource Chiropractic Clinic?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
- (2) This estimate includes security deposits required by the landlord and utility companies, but not your telecommunications service.
Source: Item 7 — Estimated Initial Investment (FDD pages 24–28)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the security deposits estimate, which ranges from $0 to $7,000 for a conversion clinic and $3,800 to $9,500 for a start-up clinic, includes security deposits required by the landlord and utility companies. However, it does not include the cost of telecommunications service. This means that prospective franchisees should budget separately for telecommunications services when planning their initial investment.
For a Healthsource Chiropractic franchise, security deposits are due before opening the clinic and are paid to the landlord and/or utility companies. It is important to note that the estimate for security deposits does not cover all potential deposit-related expenses, specifically excluding telecommunications services.
Therefore, when estimating the total initial investment, a Healthsource Chiropractic franchisee must remember to add the cost of telecommunications services to the security deposit amount to get a more accurate picture of the expenses involved. This is a crucial consideration for budgeting and financial planning purposes.