With whom did Healthsource Chiropractic have a vehicle lease, and what was the monthly payment amount?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
ations payable by franchisees to HealthSource Chiropractic, LLC. are computed at two percent (2%) of sales. Ad funds fees are payable monthly and to be used for advertising, promotional, marketing and related administrative expenses.
Technology Fund Revenue
Technology Fund payment obligations payable by franchisees to HealthSource Chiropractic, LLC. are computed at $1
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the company had a vehicle lease with SCZ Enterprises, Ltd., a related party. The lease was initiated in February 2021, requiring monthly payments of $700.
The document specifies that Healthsource Chiropractic was responsible for all operational costs associated with the vehicle. The initial lease term expired in May 2023 but was subsequently renewed and is set to expire on December 31, 2025.
Throughout 2022, 2023, and 2024, the total lease payments amounted to $8,400 annually, which aligns with the monthly payment of $700. This related-party transaction suggests that prospective franchisees should inquire about the terms of similar potential related-party leases and ensure they are commercially reasonable.