What is the renewal fee for a Healthsource Chiropractic franchise?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
you fail to submit required reports or financial statements. |
| Type of Fee (1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Late Reporting Fee | $100 per week | 10th day of the month following any month for which any required report is not timely submitted. | Payable if any report or other information required to be submitted to us is received by us after the established deadline. |
| Returned Check Fee | $100 | As incurred | Due each time a check you write to us is dishonored. |
| Supplier and Product Evaluation Fee | Cost of inspection and test of product sample (currently $500-$700) | On demand | Payable if we inspect or test product samples from any proposed supplier nominated by you (see Item 8). |
| Insurance | Amount of unpaid premiums and related costs | On demand | Payable if you fail to maintain required insurance coverage and we obtain coverage for you. |
| Replacement of Operations Manual | An amount set by us; currently $250 | As incurred | Payable if your copy of the Operations Manual is lost, destroyed, or significantly damaged. |
| Renewal Fee | $10,000.00 | Upon renewal | Payable upon signing the renewal Franchise Agreement. |
| Transfer Fee | $10,000.00 | Before transfer completed | Applies to any transfer of the Franchise Agreement, the franchise, or a controlling interest in the franchise. You must pay this fee to us concurrently with the execution of a transfer agreement, including a general release in favor of us, our affiliates, and our and their officers, directors, employees and agents (see Exhibit I). |
| Type of Fee (1) | Amount | Due Date | Remarks |
| ------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Legal Costs and Attorney's Fees | All legal costs and attorneys' fees incurred by us | As incurred | Payable if we must enforce the Franchise Agreement, or defend our actions related to, or against your breach of, the Franchise Agreement. |
| Injunction or Order of Specific Performance | All amounts incurred by us in obtaining an injunction or specific performance, including without limitation reasonable attorneys' and expert witness fees, costs of investigation and proof of facts, court costs, other litigation expenses and travel and living expenses and any damages we incur as a result of your breach. | As incurred | Payable if we obtain an injunction or order of specific performance against you to (1) enforce the provisions of the Franchise Agreement relating to your use of the Marks and non-disclosure, non solicitation, non-disparagement, and non-competition obligations set forth in Section 9 of the Franchise Agreement; (2) prohibit any act or omission by you or your employees that constitutes a violation of any applicable law, ordinance, or regulation; constitutes a danger to the public; or may impair the goodwill associated with the Marks or HealthSource Chiropractic franchises; or (3) prevent any other irreparable harm to our interests. |
| Indemnification | All amounts (including attorneys' fees) incurred by us or otherwise required to be paid | As incurred | Payable to indemnify us, our affiliates, and our and their respective owners, officers, directors, employees, agents, successors, and assigns against all claims, liabilities, costs, and expenses, whether asserted by third parties or us, related to your acts, omissions, ownership and operation of your franchise. |
| Alterations Fee | All amounts incurred by us | As incurred | Payable if we rectify any alterations improvements made to the Clinic without our prior approval. |
Source: Item 6 — Other Fees (FDD pages 17–23)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, franchisees must pay a renewal fee of $10,000 if they choose to renew their Franchise Agreement. This fee is due upon signing the renewal Franchise Agreement.
Renewal fees are common in franchising and typically cover the franchisor's costs associated with processing the renewal, updating the franchise agreement, and providing continued support to the franchisee. The $10,000 renewal fee for Healthsource Chiropractic is a fixed amount, which means it does not depend on the franchisee's gross revenue or other performance metrics.
Prospective franchisees should consider the renewal fee as part of their overall investment and operating costs. It is important to factor this fee into long-term financial projections to ensure the franchise remains profitable throughout the term of the agreement and any subsequent renewals. Franchisees should also inquire about any other conditions or requirements for renewal, such as meeting certain performance standards or completing additional training.