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.
- Rated STRONG with a risk score of 44/100. SBA loan default rate of 0.0% across 20 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one ChiroWay unit return on the cash you put in?
Unlevered ROIC · per unit
105%
Above typical band (30–60%)
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.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 7 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
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.
Score breakdown · what drove the 44 / 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
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
31 numbers
One-time purchase · CSV download · Validation questions included
FDD download
ChiroWay · FDD (2026) PDF