What was the reported value of Healthsource Chiropractic's computers and website in 2023?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
ur to sign the Service Agreement. The terms and conditions of any such Service Agreement are hereby incorporated herein by reference (the "Additional Terms and Conditions"). A copy of any such Service Agreement shall be attached to this Agreement as Exhibit 4.
- c. Your full implementation of our computer system and software requirements, including our designated billing system, is a crucial part of your Clinic's start-up and operation, and you and we agree that the Computer System requirements are a top priority. Accordingly, if you do not fully implement our designated Computer System, including required software (called "going live") within acceptable timeframes, you will be required to pay additional fees to us, as follows:
- o If you have not "gone live" within two (2) months after the conclusion of your initial training program, you will be required to pay a fee of $500.00 per month for each month thereafter, due and payable on the first (1st) day of each calendar month in such period with no pro-rations for partial months; and
- o If you have not "gone live" within six (6) months, the fee will be increased to $1,000.00 per month commencing within the sixth (6th) month after the conclusion of the initial training program.
Nothing in this paragraph shall prohibit us from exercising our rights and remedies under Section 15 or any other provision of this Agreement.
- HealthSource Chiropractic also requires you to maintain a dedicated high-speed internet service or connection or other communication means for remote access and information retrieval by us, as we may specify from time to time in the Operations Manual or other
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the exact value of Healthsource Chiropractic's computers and website in 2023 is not explicitly disclosed. However, the FDD does mention the importance of franchisees implementing the designated computer system and software.
Healthsource Chiropractic requires franchisees to fully implement their computer system, including designated billing software. Failure to do so within specified timeframes after initial training can result in additional monthly fees. These fees start at $500 per month if the system isn't live within two months after training and increase to $1,000 per month after six months.
Additionally, Healthsource Chiropractic mandates that franchisees maintain a dedicated high-speed internet connection for remote access and information retrieval. The franchisor also states they are not liable for any defects or deficiencies in the computer system, its components, service providers, or required third-party software.
While the FDD emphasizes the importance of technology and outlines related obligations and potential fees for franchisees, it does not provide a specific valuation for the company's computer systems and website assets. A prospective franchisee should consider asking Healthsource Chiropractic for more detailed information on technology-related investments and costs.