What was the total amount of franchise agreements, net, for Healthsource Chiropractic in 2022?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
BERS' AND STOCKHOLDERS' EQUITY:
On March 20, 2022 the Company finalized a tax-free reorganization under IRC Section 368. As part of the reorganization, the Company now has 1,000 Class A Units, 1,000 Class B Units, and 1,000 Class C Units; none with a par value.
As of December 31, 2024, ZCS Holdings, Inc. holds 700 Class A Units and FW – HES Holdings, LLC holds 300 Class B Units.
The remaining authorized units have not been issued and are still outstanding.
NOTE L – RELATED PARTY TRANSACTIONS:
The details concerning related party transactions are included in Note D – Advance Receivable – Affiliates, Note I – Note Payable – Member, Note O – Related Party Leases, and Note P – Operating leases.
NOT
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the company sold 36 franchises in 2022. At the end of 2022, there were 179 Healthsource Chiropractic franchises. None of these franchises were owned by Healthsource Chiropractic, Inc.
For a prospective franchisee, this indicates the number of new franchise opportunities that were available in 2022. It also provides insight into the overall size and distribution of the Healthsource Chiropractic franchise system at that time. The FDD specifies that none of the franchises were owned by Healthsource Chiropractic, Inc., meaning that all locations were operated by franchisees.
It is important to note that the number of franchises sold does not directly equate to the net change in the number of operating franchises. The net change would also factor in any terminations or non-renewals of franchise agreements during that year. To get a full understanding of the growth of Healthsource Chiropractic, a prospective franchisee should also consider the number of franchises at the end of 2023, which was 187, and the number at the end of 2024, which was 184.