Bottom line
- Total investment $166K – $551K including a $150K franchise fee, 43.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 65/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- No 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
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 The Joint Chiropractic unit return on the cash you put in?
Unlevered ROIC · per unit
-47%
Negative
Overview
About
Franchisees operate chiropractic clinics providing spinal adjustment, manipulation, and wellness services to local patients. Day-to-day operations include patient scheduling, clinical service delivery by licensed chiropractors and staff, insurance billing, and clinic management under The Joint's standardized protocols and branding.
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 · 27 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
Declining unit count, extreme royalty burden, missing financial disclosures, and prior franchisee litigation create substantial risk for capital recovery and profitability.
Score breakdown · what drove the 65 / 100 rating
- 01MINORUnit count declining 4.2% YoY (27 units total) indicates shrinking system and potential market saturation or unit underperformance
- 02MINORExceptionally high royalty rate of 42.957% severely limits franchisee profitability and cash flow compared to industry standard of 5-7%
- 03MEDNo average revenue or net income disclosure (missing Item 19) prevents prospective franchisees from validating investment ROI claims
- 04MINORPrior $800,000 arbitration settlement with franchisees regarding development schedules suggests franchisor-franchisee relationship strain and unmet expectations
- 05MINORHigh initial investment of $166,225–$551,350 combined with declining unit count and high royalties creates significant breakeven risk
- 06MINORSmall franchise system (27 units) limits brand recognition, purchasing power, and operational support infrastructure
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
35 numbers
One-time purchase · CSV download · Validation questions included
FDD download
The Joint Chiropractic · FDD (2025) PDF