How many Healthsource Chiropractic outlets closed 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 |
|---|---|---|---|---|---|---|---|---|
| Totals | 2022 | 144 | 5 | 2 | 6 | 0 | 3 | 138 |
| 2023 | 138 | 5 | 0 | 11 | 0 | 2 | 130 | |
| 2024 | 130 | 14 | 1 | 7 | 0 | 4 | 132 |
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, a total of 13 Healthsource Chiropractic outlets ceased operations for various reasons. Specifically, 11 franchises were not renewed, and 2 ceased operations for other reasons. There were no terminations or re acquisitions by the franchisor.
It is important to note that the reasons for closure can vary. Non-renewals typically occur when a franchisee decides not to extend their franchise agreement at the end of its term. 'Ceased Operations - Other Reasons' can encompass a range of situations, such as the franchisee's decision to close the business due to financial difficulties, relocation, or other personal circumstances.
Prospective franchisees should carefully consider these figures and investigate the reasons behind closures to better understand the potential risks and challenges associated with operating a Healthsource Chiropractic franchise. Reviewing the performance and history of existing and former locations can provide valuable insights into the factors that contribute to success or failure within the Healthsource Chiropractic system. Talking to current and former franchisees is essential, although some may have signed agreements limiting their ability to speak openly about their experiences.