How many Healthsource Chiropractic outlets ceased operations for other reasons in Minnesota during 2024?
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 | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2024 | 25 | 2 | 0 | 1 | 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, in 2024, one Healthsource Chiropractic location in Minnesota ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor.
This data point is crucial for potential franchisees as it offers insight into the stability and potential risks associated with operating a Healthsource Chiropractic franchise in Minnesota. "Ceased Operations - Other Reasons" can encompass a variety of factors, such as financial difficulties, landlord disputes, or other unforeseen circumstances that lead to a clinic's closure.
Understanding the reasons behind such closures can help a prospective franchisee assess the challenges and opportunities in the Minnesota market. It would be beneficial to further investigate the specific reasons for this closure to better understand the risks and opportunities in Minnesota.