How many Healthsource Chiropractic franchises in Minnesota 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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | 28 | 1 | 0 | 3 | 0 | 1 | 25 |
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, there were three franchise agreements in Minnesota that were not renewed in 2023.
Specifically, the table provided in Item 20 of the FDD outlines the status of franchised outlets from 2022 to 2024. For Minnesota in 2023, the table shows '3' under the 'Non-Renewals' column. This indicates that three Healthsource Chiropractic franchises in Minnesota had their agreements not renewed during that year.
This information is crucial for potential franchisees as it provides insight into the stability and renewal rates of franchises within specific states. A high number of non-renewals could indicate issues within the franchise system in that region, while a low number might suggest a more stable and successful environment for franchisees.