What specific services are included in the 'processing of my application' fee for a Healthsource Chiropractic franchise?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
- b.
Upon my submission of this Acknowledgement, my entire Deposit will be deemed earned by HealthSource for the processing of my application, for reserving the Protected Territory, providing initial training and disclosure of confidential information, and for services performed following approval of my application.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, the deposit paid by a prospective franchisee is deemed earned by Healthsource Chiropractic upon submission of an acknowledgement. This deposit covers several services related to the application process.
The services include the processing of the application itself, reserving the protected territory for the potential franchisee, providing initial training, and disclosing confidential information about the Healthsource Chiropractic system. These services are performed following the approval of the application.
This means that even if a Franchise Agreement is not ultimately signed, Healthsource Chiropractic retains the deposit in exchange for the services rendered during the application phase. This is a fairly standard practice in franchising, as the franchisor incurs costs in evaluating applicants and preparing to onboard them into the system. Prospective franchisees should carefully consider these terms before submitting a deposit and acknowledgement.