The Source Chiropractic franchise
2023 filing · April 26, 2023Shares sales figures
The Source Chiropractic at a glance
A chiropractic clinic offering personalized chiropractic care and related services. At the end of 2022 there were 5 The Source Chiropractic locations in the US, all company-owned.
The business
- Franchisor
- The Source Chiropractic Franchise, PC
- The company that sells the franchises
- Typical size
- 1,200–2,000 sq ft
What you pay
- Cost to open
- $82K–$137K
- Fee, build-out and opening working capital
- Franchise fee
- $40,000
- Paid once, when you sign
- Royalty
- $2,777–$6,777 a month
- A flat monthly royalty of $2,777 in year one, $4,777 in year two and $6,777 in years three to five, plus a brand marketing fund fee rising from $667 to $1,667 a month
- Brand fund
- Yes
- $667 a month in year 1, $1167 in year 2 and $1,667 in years 3 to 5
- Agreement length
- 5 years
Where it is
- US locations, 2022
- 5
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 5
- Change in 3 years
- 0
- Franchised locations, 2020–2022
From The Source Chiropractic Franchise, PC’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
The Source Chiropractic among all franchises with the same figure.
| Figure | The Source Chiropractic | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $109,529 | Costs less than 86% of franchises |
| Franchise feePaid once, when you sign | $40,000 | Lower than 46% of franchises |
| US locationsFranchised and company-owned | 5 | Fewer than 71% of franchises |
How much a The Source Chiropractic franchise costs
Opening one The Source Chiropractic costs an estimated $82,079 to $136,979. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
The biggest costs are initial franchise fee ($40,000) and leasehold improvements ($20,000 to $40,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $40,000 | ||
| Utility and Security Deposits | $500 | $4,500 | |
| Leasehold Improvements | $20,000 | $40,000 | |
| Signage | $1,000 | $5,000 | |
| Furniture and Fixtures | $1,500 | $3,000 | |
| Chiropractic Equipment | $3,000 | $8,000 | |
| Office Equipment, Computers, Office Supplies | $2,500 | $6,000 | |
| CRM/Back Office System | $500 | $1,000 | |
| Business Licenses and Permits | $500 | $1,000 | |
| Professional Fees | $800 | $1,500 | |
| Initial Inventory | $500 | $1,200 | |
| Business Insurance | $1,000 | $1,500 | |
| Training Expenses | $3,279 | $7,279 | |
| Grand Opening Marketing | $1,000 | $5,000 | |
| Additional Funds | $5,000 | $10,000 | |
| Total | $82,079 | $136,979 | |
Source: The Source Chiropractic Franchise, PC, 2023 filing, page 15
The Source Chiropractic franchise fee
The franchise fee is $40,000. You pay it when you sign the franchise agreement.
Source: The Source Chiropractic Franchise, PC, 2023 filing, page 10
Royalty and ongoing fees
| Royalty | A flat monthly royalty of $2,777 in year one, $4,777 in year two and $6,777 in years three to five, plus a brand marketing fund fee rising from $667 to $1,667 a month. |
|---|---|
| Brand or marketing fund | $667 a month in year 1, $1167 in year 2 and $1,667 in years 3 to 5. |
| Additional Training Fees | Currently $1,500 per day, per person, plus travel and related expenses |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: The Source Chiropractic Franchise, PC, 2023 filing, page 11
Other fees as filed, from page 11. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures The Source Chiropractic publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: The Source Chiropractic Franchise, PC, 2023 filing, page 41
How The Source Chiropractic compares
Typical means the median: half of brands are above it, half below.
| Figure | The Source Chiropractic | Typical franchise |
|---|---|---|
| Cost to open, low end | $82K | $222K |
| Cost to open, high end | $137K | $477K |
| Franchise fee | $40K | $40K |
| US locations | 5 | 21 |
| Shares earnings figures | Yes | 2,147 of 3,352 |
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 0 (0) | 2 | 0 | 0 |
| 2021 | 0 (0) | 4 | 0 | 0 |
| 2022 | 0 (0) | 5 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: The Source Chiropractic Franchise, PC, 2023 filing, page 43
Who owns The Source Chiropractic?
The Source Chiropractic franchises are sold by The Source Chiropractic Franchise, PC.
From The Source Chiropractic Franchise, PC’s 2023 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: The Source Chiropractic Franchise, PC, 2023 filing, litigation on page 10, bankruptcy on page 10
The Source Chiropractic filings
The figures on this page come from The Source Chiropractic Franchise, PC’s 2023 filing, issued April 26, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | April 26, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
