How many Healthsource Chiropractic outlets ceased operations for other reasons in Georgia during 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 |
|---|---|---|---|---|---|---|---|---|
| GA | 2022 | 8 | 0 | 0 | 3 | 0 | 0 | 5 |
| 2023 | 5 | 0 | 0 | 1 | 0 | 1 | 3 | |
| 2024 | 3 | 1 | 0 | 0 | 0 | 0 | 4 |
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, in 2023, one Healthsource Chiropractic location in Georgia ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor. This is out of a starting total of five locations at the beginning of that year. After accounting for the one location that ceased operations for other reasons and one non-renewal, the year ended with three locations in operation.
This data point is important for prospective franchisees to consider, as it provides insight into the stability and potential challenges within the Georgia market. Understanding the reasons behind such closures, though not detailed in this table, could be crucial in assessing the risks and opportunities associated with opening a Healthsource Chiropractic franchise in that state.
It would be prudent for potential franchisees to inquire further with Healthsource Chiropractic about the specific reasons for the 'other reasons' closure. Understanding whether these closures were due to market conditions, franchisee performance, or other factors can help a franchisee make a more informed decision. This information, combined with an assessment of the remaining locations' performance, can provide a more comprehensive view of the Georgia market's viability.