What is the non-refundable transfer fee for a Healthsource Chiropractic franchise?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
sation owed to, and the travel and living expenses (if the Initial Training program is not held virtually in the future, and including all transportation costs, room, board and meals) incurred by, the attendees who attend the Initial Training program;
- d. if your lease for the Premises requires it, the lessor must have consented to the assignment
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, a franchisee who wishes to transfer their franchise must pay a non-refundable transfer fee. This fee is $10,000 and is due when the Transfer Agreement is executed.
In addition to the transfer fee, the franchisee is responsible for reimbursing Healthsource Chiropractic for any reasonable expenses they incur while investigating and processing the proposed transfer, even if the transfer does not ultimately occur. This means that a franchisee could potentially incur costs beyond the initial $10,000 fee if the transfer process requires significant investigation by Healthsource Chiropractic.
It is important to note that several conditions must be met for a transfer to be approved. These conditions include the proposed new owner meeting Healthsource Chiropractic's standards, the franchisee being in full compliance with the existing agreement, and the lessor consenting to the assignment of the lease if required. The transfer process also involves executing a Transfer Agreement that includes a general release of claims against Healthsource Chiropractic.