How many Healthsource Chiropractic franchises in North Dakota 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 |
|---|---|---|---|---|---|---|---|---|
| ND | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
| 2023 | 4 | 0 | 0 | 1 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
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 North Dakota was not renewed in 2023. The table provided in Item 20 outlines the franchise outlet data by state and year, including the number of non-renewals.
Specifically, for North Dakota in 2023, the table indicates that there was one non-renewal. This means that one Healthsource Chiropractic franchise agreement in North Dakota was not extended or renewed at the end of its term during that year.
Prospective franchisees should consider non-renewal rates as an important factor when evaluating the stability and success of a franchise system. While a single non-renewal in a state may not be significant on its own, it's crucial to understand the reasons behind non-renewals and whether they reflect broader issues within the franchise network.