What security deposits are included in the estimated initial investment for a HealthSource Chiropractic Clinic?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
ITIAL INVESTMENT YOUR ESTIMATED INITIAL INVESTMENT**
Single Clinic
| Type of | Conversion Clinic | Start-up | Method of | When Due | To Whom |
|---|---|---|---|---|---|
| Expenditure | Clinic | Payment | Payment Is To Be Made | ||
| Initial Franchise Fee (1) | $60,000 to $60,000 | $60,000 to $60,000 | Lump sum, unless otherwise agreed | When you sign the Franchise Agreemen t | Us |
| Security Deposits (2) | $0 to $7,000 | $3,800 to $9,500 | Before opening | Before opening | Landlord and /or utility companies |
| Site Selection and Construction Management Fee | $0 to $15,000 | $20,000 to $20,000 | As agreed | As incurred | Approved vendor |
| Leasehold Improvements/ Decorating Costs (3) | $0 to $120,000 | $122,500 to $227,500 | As agreed | Before opening | Landlord or construction contractors |
| Signage (4) | $6,000 to $10,000 | $6,000 to $10,000 | As agreed | Before opening | Approved vendor |
| Therapy Equipment | $0 to $6,100 | $5,600 to $6,100 | As agreed | Before | Suppliers, us or our |
| and Soft Goods (5) | opening | affiliate | |||
| Chiropr |
Source: Item 7 — Estimated Initial Investment (FDD pages 24–28)
What This Means (2025 FDD)
According to HealthSource Chiropractic's 2025 Franchise Disclosure Document, the estimated initial investment includes security deposits for both conversion and start-up clinics. For a conversion clinic, the security deposits range from $0 to $7,000. For a start-up clinic, these deposits are estimated to be between $3,800 and $9,500. These security deposits are typically due before opening and are paid to the landlord and/or utility companies.
It is important to note that these figures are estimates and can vary based on the specific location of the franchise and current market conditions. The security deposits cover both the landlord's requirements for the leased space and the deposits required by utility companies. However, the estimate does not include security deposits for telecommunications services, which are listed separately under 'Telecommunications Services'.
Prospective franchisees should verify these amounts with their landlord and utility providers during the site selection process to ensure accurate budgeting. Understanding the specific deposit requirements for the chosen location is crucial, as these costs can impact the overall initial investment. Franchisees should also clarify with HealthSource Chiropractic whether the provided range is typical for the type of location they are considering.