What standards of character must a Proposed New Owner meet to be a Healthsource Chiropractic franchisee?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
- 14.5 Conditions for Approval of Transfer. If you and your Principal Owners are in full compliance with this Agreement, both monetary and otherwise, we will not unreasonably withhold our approval of a Transfer that meets all the applicable requirements of this Section 14. The Proposed New Owner must be of good moral character and otherwise meet our then applicable standards for HealthSource Chiropractic Clinic franchisees. For any proposed Transfer, all of the following conditions must be met before or at the time of the Transfer:
- a. in our belief and judgment, the Proposed New Owner must have sufficient business experience, aptitude, and financial resources to operate the Franchise;
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, a Proposed New Owner must be of good moral character to be accepted as a franchisee. The document specifies that Healthsource Chiropractic will not unreasonably withhold approval of a transfer if the franchisee and Principal Owners are in full compliance with the agreement, both monetarily and otherwise, and the transfer meets all applicable requirements.
In addition to good moral character, the Proposed New Owner must also meet Healthsource Chiropractic's then-applicable standards for franchisees. This includes having sufficient business experience, aptitude, and financial resources to operate the franchise, in Healthsource Chiropractic's belief and judgment.
These conditions ensure that any new franchisee taking over an existing Healthsource Chiropractic location is well-qualified to maintain the brand's standards and operational success. Prospective franchisees should inquire with Healthsource Chiropractic about the specific criteria used to evaluate "good moral character" and other applicable standards to fully understand the requirements for transfer approval.