How many Healthsource Chiropractic outlets opened in Michigan 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 |
|---|---|---|---|---|---|---|---|---|
| MI | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 1 | 0 | 0 | 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 Healthsource Chiropractic outlet opened in Michigan during 2023. The table provided in Item 20 of the FDD outlines the status of franchised outlets for the years 2022-2024, showing that at the start of 2023, there were two outlets in Michigan. During 2023, one new outlet opened, bringing the total to three by the end of the year.
This information is valuable for prospective franchisees as it provides insight into the growth and changes within the Healthsource Chiropractic franchise system in specific states. The data includes not only openings but also terminations, non-renewals, and other reasons for ceased operations, offering a comprehensive view of outlet activity. Reviewing this table allows potential franchisees to assess the stability and expansion of the franchise in their target region.
It's important to note that while the table provides historical data, it does not guarantee future performance. Factors such as local market conditions, competition, and the franchisee's own management skills will influence the success of a Healthsource Chiropractic clinic. Therefore, prospective franchisees should conduct thorough market research and due diligence in addition to reviewing the FDD data.