What was the total amount spent on salaries and wages by Healthsource Chiropractic in 2023?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
As available, we will provide you with digital or hard copies of our marketing materials via our intranet.
We may, at our discretion, charge you for hard or digital copies of these marketing materials.
You agree that the amounts you contribute to the Ad Fund may be used for placement of advertising in television, radio, newspaper or other media as solely determined by HealthSource Chiropractic.
The Ad Fund will be accounted for separately from other funds of HealthSource Chiropractic, and will not be used to defray any of our general operating expenses, except for any reasonable salaries, administrative costs, and overhead we may incur in activities reasonably related to the administration of the Ad Fund and its advertising programs (including without limitation conducting market research, preparing advertising and marketing materials, and collecting and accounting for contributions to the Ad Fund). We may spend in any fiscal year an amount greater or less than the total contributions to the Ad Fund in that year. We may cause the Ad Fund to borrow from us or other lenders to cover deficits of the Ad Fund, or to invest any surplus for future use by the Ad Fund. You authorize us to collect for remission to the Ad Fund any advertising monies or credits offered by any supplier to you based upon purchases you make. We will prepare an annual, unaudited statement of monies collected and costs incurred by the Ad Fund and will make it available to you on written request.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, it is not possible to determine the total amount Healthsource Chiropractic spent on salaries and wages in 2023 from the provided excerpts. While the document includes audited financial statements and statements of cash flow, the specific details of salary and wage expenses are not itemized in the provided excerpts.
The excerpts do mention that the Ad Fund, which franchisees contribute to, may be used for reasonable salaries, administrative costs, and overhead related to the administration of the Ad Fund and its advertising programs. However, this does not provide the total figure for all salary and wage expenses across the entire Healthsource Chiropractic business.
For a prospective franchisee, understanding the franchisor's expenses, including salaries and wages, is crucial for assessing the financial health and stability of the company. To gain clarity on this, a prospective franchisee should specifically ask Healthsource Chiropractic for a detailed breakdown of their operating expenses, including total salaries and wages paid in 2023, during the due diligence process. This information would provide a better understanding of where the company's money is being spent and its overall financial management.