When did the vehicle lease between Healthsource Chiropractic and SCZ Enterprises, Ltd. expire after the renewal?
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 company was responsible for all costs of operation. The initial lease was entered into in February 2021, with monthly payments of $700, and it expired in May 2023.
The lease was then renewed, and the renewed lease term expires on December 31, 2025. The lease payments totaled $8,400 for 2024, $8,400 for 2023, and $8,400 for 2022.
Since SCZ Enterprises, Ltd. is a related party, prospective franchisees should inquire about the terms of similar related-party transactions to ensure they are commercially reasonable and at arm's length. Understanding these related-party transactions is crucial for assessing the financial health and stability of Healthsource Chiropractic.