Bottom line
- Total investment $175K – $550K including a $49K franchise fee, 7.0% 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 13 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 NuSpine Chiropractic unit return on the cash you put in?
Unlevered ROIC · per unit
39%
In Yale's "attractive" band (30–60%)
Overview
About
Franchisees operate independent chiropractic clinics offering spinal adjustment, therapy, and wellness services to patients. Day-to-day operations include patient scheduling, performing adjustments, managing clinical staff, handling billing/insurance, and marketing locally to build and retain a patient base.
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 · 12 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
NuSpine presents moderate-to-cautious risk due to undisclosed financial performance, slow unit growth, lack of revenue benchmarks, and absence of Item 19 data needed to evaluate franchise viability.
Score breakdown · what drove the 44 / 100 rating
- 01MINORNo Item 19 financial disclosure (average revenue and net income not provided) — impossible to validate ROI claims
- 02MEDSlow unit growth of 6.2% YoY with only 34 total units suggests limited brand momentum and market validation
- 03MINORWide investment range ($175K–$550K) indicates inconsistent buildout costs or territory-dependent pricing with unclear value correlation
- 04MINOR7% royalty on gross sales (not net) is high for chiropractic and creates incentive misalignment during low-revenue periods
- 05HIGHNo disclosed litigation history is unusual for healthcare franchises and may indicate incomplete FDD transparency
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
39 numbers
One-time purchase · CSV download · Validation questions included
FDD download
NuSpine Chiropractic · FDD (2025) PDF