What was the reported value of Healthsource Chiropractic's vehicles in 2024?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
ations payable by franchisees to HealthSource Chiropractic, LLC. are computed at two percent (2%) of sales. Ad funds fees are payable monthly and to be used for advertising, promotional, marketing and related administrative expenses.
Technology Fund Revenue
Technology Fund payment obligations payable by franchisees to HealthSource Chiropractic, LLC. are computed at $1
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
The 2025 HealthSource Chiropractic FDD does not explicitly state the value of vehicles owned by the company in 2024. However, it does mention a lease agreement with SCZ Enterprises, Ltd. (a related party) for a vehicle. HealthSource Chiropractic was responsible for all costs of operation related to this vehicle. The lease was entered into in February 2021, called for monthly payments of $700, and initially expired in May 2023, but was renewed to expire December 31, 2025. Lease payments totaled $8,400 for 2024, as well as $8,400 for both 2023 and 2022.
While the FDD provides details on lease payments for a vehicle, it does not disclose the actual value of any vehicles owned by HealthSource Chiropractic. A prospective franchisee may want to inquire about the company's vehicle assets and depreciation schedules to gain a better understanding of their financial position.
Understanding the assets and liabilities of HealthSource Chiropractic can help a potential franchisee assess the financial stability of the franchisor. While the lease payments are disclosed, the absence of information on vehicle values makes it difficult to fully assess the company's financial strategy regarding transportation and related assets. Therefore, it is advisable for potential franchisees to seek clarification on this matter during their due diligence process.