FranchiseVerdict
ScoliCare logo
FV-02253·MODERATEExcellent86

ScoliCare

Health & Wellness - OtherFranchising since 2021Website
Investment
$162K – $542K
41st pct Other
Avg revenue
$890K
33rd pct Other
Royalty
Units
4
20th pct Other
SBA default

Bottom line

  • Total investment $162K – $542K including a $49K franchise fee.
  • Average unit revenue of $890K/year (median $699K).
  • Rated MODERATE with a risk score of 63/100.

Item 1 · who you're contracting with

The Franchisor

Legal entity
ScoliCare Franchising LLC
Parent company
Lasio Rhinus Holdings, Inc.
Incorporated in
Delaware
HQ
Level 5, 15 Kensington Street, Kogarah, New South Wales, Australia 2217

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 ScoliCare unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $889,959
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $162K–$542K
Working capital
$
FDD reports $30K–$70K

Unlevered ROIC · per unit

43%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$174K
EBITDA margin
19.5%
Total invested
$402K
Payback
28 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 ScoliCare units return on equity?

Edit assumptions

Equity IRR · 5-yr

43.8%

6.15× MOIC

Year-1 DSCR

2.01×

EBITDA ÷ debt service

Equity required

$2.8M

on $11.1M purchase

Total debt

$8.3M

SBA $5.0M + senior + seller note

SBA 7(a) request ($5.6M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

ScoliCare franchisees operate specialized clinics providing non-surgical scoliosis treatment and management services. Day-to-day operations likely involve patient consultations, treatment administration (bracing, physical therapy, monitoring), insurance billing, and patient follow-up care in a healthcare setting.

CEO
Jeb McAviney
Founded
2021
FDD year
2025
States available
4

Item 7 · what it costs

The Vitals

Total investment
$162K – $542K
All-in to open one unit
Liquid capital
$30K – $70K
Cash you must have on hand
Franchise fee
$49K
Royalty
The greater of 5% of Gross Sales, or the Minimum Royalty …
Ad fund
4.5%
typical 3–5%
Total fee load
9.5%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$890K
Per unit, per year
Median gross sales
$699K
Item 19 type
Historical financial operating results for three franchised clinics
Sample size
3 units
vs category median 12 · small
Range (low → high)
$690K$1.3M
Cohort dispersion
Transparency
6 / 5
vs category median 4 / 5 · above
Revenue rank33th
vs Health & Wellness - Other peers
Investment cost rank41th
Lower investment ranks lower (better)
Royalty rate rank72th
Lower royalty = lower percentile (better)
Unit count rank20th
vs Health & Wellness - Other peers
Risk score rank57th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
4
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+33.3%
Net unit change last year
3-yr CAGR
Outlier (see FDD)
Likely small-sample artifact
2023
4+1
Franchised units
2024
3
Franchised units
2025
1
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 5 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 5 states
Not registered

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.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

63
Risk · 0-100
MODERATE63 / 100

Early-stage healthcare franchise with critical Going Concern disclosure, non-transparent profitability data, and minimal unit base raises questions about franchisor viability and franchisee ROI.

Score breakdown · what drove the 63 / 100 rating

  1. 01HIGHGoing Concern issue disclosed — indicates potential financial distress at franchisor level
  2. 02MEDNet income not disclosed in Item 19 — cannot assess actual profitability despite $890K average revenue claim
  3. 03MINOROnly 4 operating units with 33.3% YoY growth still represents minimal scale and unproven business model viability
  4. 04MEDHigh investment ceiling ($541,500) relative to disclosed average revenue ($889,959) creates thin margin for error
  5. 05MINOR5% royalty on gross sales (or minimum fee structure unstated) — unclear if franchisees can actually achieve profitability at claimed revenue levels
  6. 06HIGHNo litigation disclosed but Going Concern flag suggests potential undisclosed franchisor financial problems

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Population-based
Protected territory
Yes
Initial term
5 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
New York

Item 11

Training & Operations

Classroom training
84 hrs
On-the-job training
83 hrs
POS system
Cliniko; Salesforce
Operating tech stack

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

7 numbers

Locked
(239) 513-••••
T. Vision Inc.
FL
(937) 638-••••
Scoli Transformation Centers, LLC
OH
(970) 217-••••
Colorado Scoliosis Clinic, LLC
CO

One-time purchase · CSV download · Validation questions included

FDD download

ScoliCare · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above