How many Healthsource Chiropractic franchises in Massachusetts were not renewed in 2023?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations- Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| MA | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 0 | 0 | 1 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 1 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–77)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, one franchise in Massachusetts was not renewed in 2023. The table provided in Item 20 outlines the status of franchised outlets from 2022 to 2024, showing that the number of Healthsource Chiropractic franchises in Massachusetts went from three to two during 2023 due to one non-renewal.
This information is crucial for potential franchisees as it provides insight into the stability and success rate of Healthsource Chiropractic franchises in specific states. A non-renewal could indicate issues with the location, management, or overall profitability of a franchise. It is important to note that non-renewal does not necessarily mean the franchise was unsuccessful, as the franchisee may have chosen not to renew for personal reasons such as retirement.
Prospective franchisees should investigate the reasons behind non-renewals in their target areas to better understand the potential challenges and opportunities. Understanding the dynamics of franchise agreements and renewal terms is essential for making an informed investment decision. This data helps in assessing the risks and rewards associated with investing in a Healthsource Chiropractic franchise in Massachusetts.