ChiroWayFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A ChiroWay franchise requires a total initial investment of $113K – $170K, including a $33K franchise fee and an ongoing 3.3% royalty[2]. The 2026 FDD does not disclose unit-level revenue (no Item 19). SBA 7(a) loans show a 0.0% charge-off rate across 14 loans[1]. Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $113K – $170K
- 22nd pct Healthcare
- Avg gross sales
- N/A
- 48th pct Healthcare
- Royalty
- 3.3%
- 5th pct Healthcare
- Units
- 16
- 36th pct Healthcare
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Healthcare · color = vs category peers
Green = >15% above Healthcare avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Only 0.0% of 14 SBA loans charged off, well below the 16% franchise average.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $113K – $170K including a $33K franchise fee, 3.3% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict B (Above Average) with a risk score of 57/100. SBA loan charge-off rate of 0.0% across 14 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- ChiroWay Franchise, LLC
- Incorporated in
- MN
- HQ
- 650 Commerce Dr. Ste. 155, Woodbury, MN 55125
- Auditor
- Artesian CPA, LLC
- Audited financials
- Franchisor revenue
- $204K
- vs $274K prior year
- ⚠ Going-concern note
- Disclosed in FDD 2026
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
ChiroWay franchisees operate chiropractic clinics providing spinal adjustment, wellness services, and patient care under a branded system. Day-to-day operations include patient scheduling, treatment delivery (either personally or via employed chiropractors), billing/insurance claims processing, and marketing to attract local clients. Franchisees manage staffing, compliance with healthcare regulations, and patient retention within their protected territory.
- CEO
- Trent Scheidecker
- Headquarters
- MN
- Founded
- 2012
- FDD year
- 2026
- States available
- 5
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $33K | $33K |
| Working capital (3–6 mo) | $24K | $32K |
| Equipment, build-out, other | $56K | $105K |
| Total initial investment | $113K | $170K |
Source: ChiroWay 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $113K – $170K
- Better than avg vs category
- Liquid capital req'd
- $24K – $32K
- Better than avg vs category
- Franchise fee
- $17K – $33K
- Better than avg vs category
- Royalty
- 3.3%
- percentage_of_gross · typical 6–8%
- Ad fund
- 400 per month
- Total fee load
- 3.3%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 3.3% of gross sales |
| Technology fee | $400 |
| Transfer fee | $5K |
| Renewal fee | $5K |
| Total fee load | 3.3% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Healthcare averages
How ChiroWay Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 16
- Opened
- 5
- Last reporting year
- Closed
- 3
- Turnover rate
- 18.8%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 94%
- vs corporate-owned
- Net growth (yr3)
- +15.4%
- Net unit change last year
- 3-yr CAGR
- +36.4%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 5 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
5
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 14
- Loan volume
- $1.1M
- Median loan
- $126K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 7
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into ChiroWay's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 5 lenders with concentration factor
- Per-state charge-off rates across 4 states
- Startup risk premium and job creation velocity
- 4-year lending trend
Instant access. No subscription.
With a 0.0% charge-off rate across 14 loans, banks have historically viewed this brand favorably for lending.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
ChiroWay is an early-stage, micro-brand healthcare franchise with minimal financial transparency, unproven unit economics, and undisclosed profitability metrics that warrant cautious due diligence before commitment.
Audited financials (Item 21)
Yes · Artesian CPA, LLC⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 57 / 100 rating
- 01MINORNo Item 19 financial disclosure — unable to verify actual unit profitability or average revenues despite $113k-$170k investment requirement
- 02MEDModest unit growth of 15.4% YoY with only 16 total units suggests a micro-brand with limited scale and unproven business model replicability
- 03MINORMinimum Systems Fee structure alongside 3.3% royalty is vague — actual take-home profitability unclear without knowing fee threshold and average revenues
- 04MINOR5-year term is shorter than industry standard (10 years typical), increasing franchise agreement renegotiation risk
- 05MINORHealthcare-adjacent business model carries regulatory, licensing, and insurance complexity not addressed in available data
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Governing law | Minnesota |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 64 hrs
- On-the-job training
- 56 hrs
- POS system
- Proprietary Software
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Proprietary Software
Item 20 · call current owners
Franchisee Contacts
3 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
ChiroWay · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a ChiroWay franchise?
The total investment to open a ChiroWay franchise ranges from $113K – $170K, with an initial franchise fee of $33K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do ChiroWay franchise owners earn?
ChiroWay does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is ChiroWay's franchise failure rate?
Based on SBA 7(a) loan data, ChiroWay has a charge-off rate of 0.0% across 14 loans, meaning 0.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many ChiroWay franchise locations are there?
As of their most recent FDD filing, ChiroWay has 16 total units in the United States, including 11 franchised units and 1 company-owned units. 5 new units were opened in the latest reporting year.
Is ChiroWay a good franchise to buy?
FranchiseVerdict rates ChiroWay as a B-grade franchise with a risk score of 57 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.