ChiroWay Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
ChiroWay is a chiropractic franchise offering membership-based wellness adjustments and spinal care. Franchisees run the clinics, managing chiropractors, patient flow, and memberships.
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]. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2026 FDD issuance
Overview
- Investment
- $113K – $170K
- 20th pct Healthcare
- Avg gross sales
- N/A
- Royalty
- 3.3%
- 3rd pct Healthcare
- Units
- 13
- 34th pct Healthcare
- SBA charge-off
- 0.0%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Healthcare · color = vs category peers
Green = favorable by >10% vs Healthcare avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $113K – $170K including a $33K franchise fee, 3.3% ongoing royalty.
- RETURNSItem 21 audited financial statements (Exhibit B) are present in the FDD but the statement pages are image-only and did not OCR into the source text; no balance sheet, revenue, net income, or auditor name could be extracted. Item 19 contains no financial performance representation.
- RISKVerdict A (Strongest tier), verdict score 71/100 (higher is better). SBA loan charge-off rate of 0.0% across 14 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- ChiroWay Franchise, LLC
- Predecessor
- ChiroWay Of Woodbury, PLLC
- Prior franchisor entity
- CEO title
- President and Chief Executive Officer
- Trent Scheidecker
- Incorporated in
- MN
- HQ
- 650 Commerce Dr. Ste. 155, Woodbury, MN 55125
- Auditor
- CliftonLarsonAllen LLP
- Audited financials
- Franchisor revenue
- $274K
- vs $204K prior year
Overview
About
- CEO
- Trent Scheidecker
- Headquarters
- MN
- Founded
- 2012
- FDD year
- 2026
- States available
- 3
Can you afford it, and what does the money buy?
Entry cost runs 66% below the typical healthcare franchise.
Source: FDD 2026 · Items 5–7
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $33K | $33K |
| Working capital (3–6 mo) | $23K | $33K |
| Equipment, build-out, other | $58K | $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
- Top 40% of category vs category
- Liquid capital req'd
- $23K – $33K
- Top 40% of category vs category
- Franchise fee
- $33K – $33K
- Top 40% of category vs category
- Royalty
- 3.3%
- Percentage of gross revenues · typical 6–8%
- Ad fund
- Brand Fee: currently $400 per month (flat fee); franchiso…
- Total fee load
- 3.3%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 3.3% of gross sales |
| Technology fee | $100 |
| Transfer fee | $5K |
| Renewal fee | $5K |
| Total fee load | 3.3% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
ChiroWay did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one ChiroWay unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
83%
Above the 30–60% band. Verify revenue is per-unit average
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD
Financial Performance
Item 21 audited financial statements (Exhibit B) are present in the FDD but the statement pages are image-only and did not OCR into the source text; no balance sheet, revenue, net income, or auditor name could be extracted. Item 19 contains no financial performance representation.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 3.3% — below the Healthcare average of 8.8%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System expanding at 33.3% CAGR over 3 years across 13 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Healthcare averages
How ChiroWay Compares
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 13
- Opened
- 3
- Last reporting year
- Closed
- 1
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 1
- Term expired, not renewed (per Item 20)
- Turnover rate
- 16.7%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 92%
- vs corporate-owned
- Net growth (3-yr)
- +33.3%
- Net unit change over 3 years
- 3-yr CAGR
- +33.3%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 3
- Closed (3yr)
- 1
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 1
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 3 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.
3
states with franchisees (per FDD Item 12)
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
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
- Typical loan rate
- 9.7%
- avg rate to borrowers
- Franchised industry avg
- 8.4%
- brand beats franchise avg ↓
- Jobs supported
- 20
- 2.0 per loan
- Lender concentration
- 40%
- top lender's share
Borrower mix: 100% went to startups / new businesses, 0% to established operators
Franchise vs independent — in offices of chiropractors, franchised businesses charge off at 8.4% vs 12.9% for independents — franchising is associated with 35% lower SBA default risk in this category.
Top lenders financing ChiroWay franchisees
Showing 3 of 7 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
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.
What could kill this investment?
SBA loans charge off at 0.0% — 100% below the 16.0% national norm, i.e. lower lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
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.
Litigation (Item 3)
No litigation disclosed in Item 3
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · CliftonLarsonAllen LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
Score breakdown · what drove the 71 / 100 verdict
- 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
What are you signing up for?
Ongoing fees run about 3.3% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 2 mi |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | St. Paul, Minnesota |
| Governing law | MN |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation disclosed in Item 3
Items 10, 11
Training & Operations
- Classroom training
- 76 hrs
- On-the-job training
- 92 hrs
- Training location
- Electronically, Woodbury MN, or the Center location
- Ongoing training
- Required
- Time to open
- 6 mo
- From signing to launch
- Site selection
- Franchisee with franchisor approval/consent
- Franchisor financing
- Offered
- Item 10
- POS system
- Proprietary Software; QuickBooks Online
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Proprietary Software; QuickBooks Online
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 Item 19 in the ChiroWay FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the ChiroWay FDD and qualifies whose outlets they describe.
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 13 total units in the United States, including 12 franchised units and 1 company-owned units. 3 new units were opened in the latest reporting year.
Is ChiroWay a good franchise to buy?
FranchiseVerdict rates ChiroWay as a A-grade franchise with a verdict score of 71 out of 100 (higher is better), 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.
For franchisors
Are you the franchisor?
If you represent ChiroWay, you can request corrections or provide updated information.
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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.