When is the initial franchise fee for a Healthsource Chiropractic franchise due?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
sory council any operational or decision-making powers that we deem appropriate. We, or one of more of our affiliated companies or persons, may also offer separate, optional, advisory councils or groups that may have additional costs to you should you decide to participate.
6. FEES.
6.1 Initial Franchise Fee; Reference to Exhibit 1. You agree to pay us the initial franchise fee (the "Initial Franchise Fee") set forth below when you sign this Agreement. In recognition of the expenses we incur in furnishing assistance and services to you, you agree that
we will have fully earned the Initial Franchise Fee, and that is due and non-refundable when you sign this Agreement.
- a. If the Franchise you are purchasing is a Start-up Clinic, then your Initial Franchise Fee is $60,000.00. Notwithstanding the previous sentence, if Exhibit 1 states that you are signing this Agreement pursuant to your purchase of a development agreement, then your Development Fee paid pursuant thereto shall be in full satisfaction of this Agreement.
- b. If the Franchise you are purchasing is a Conversion Clinic, then your Initial Franchise Fee is $60,000.00. Notwithstanding the previous sentence, if Exhibit 1 states tha
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, the initial franchise fee is due when the franchise agreement is signed. Healthsource Chiropractic states that the initial franchise fee is fully earned upon signing the agreement and is non-refundable.
For a start-up or conversion clinic, the initial franchise fee is $60,000. However, if the agreement is signed as part of a development agreement, the development fee already paid will satisfy the initial franchise fee requirement. Any deposits previously paid by the franchisee will be credited towards the initial franchise fee.
Prospective franchisees should be aware that this fee is non-refundable, so due diligence is essential before signing the agreement. Understanding the terms of the development agreement, if applicable, is also crucial to determine how the initial franchise fee is satisfied. Franchisees should also confirm that any deposits they've made are properly credited against the initial franchise fee due at signing.