The Joint ChiropracticFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A The Joint Chiropractic franchise requires a total initial investment of $166K – $551K, including a $150K franchise fee and an ongoing 0.4% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). SBA 7(a) loans show a 3.7% charge-off rate across 199 loans[1]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $166K – $551K
- 36th pct Healthcare
- Avg gross sales
- N/A
- 48th pct Healthcare
- Royalty
- 0.4%
- 1st pct Healthcare
- Units
- 970
- 76th pct Healthcare
- SBA default
- 3.7%
- system-wide median varies by category
Quick verdict · Healthcare · color = vs category peers
Green = >15% above Healthcare avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Franchised units fell from 23 to 22 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $166K – $551K including a $150K franchise fee, 0.4% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 39/100. SBA loan charge-off rate of 3.7% across 199 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- Bankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- The Joint Corp.
- CEO title
- President and Chief Executive Officer
- Peter D. Holt
- Incorporated in
- DE
- HQ
- 16767 N. Perimeter Dr., Suite 110, Scottsdale, Arizona 85260
- Auditor
- BDO USA, LLP
- Audited financials
- Franchisor revenue
- $58.7M
- vs $80.9M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- of Phase Family Center DC
- of Phase Foundations
- of Alpharetta Preschool Partners
- of The Phase Project
Other brands the franchisor or its parent operates (Item 1).
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.
- CEO
- Peter D. Holt
- Headquarters
- AZ
- Founded
- 2010
- FDD year
- 2025
- States available
- 30
FDD Item 7 · 2025 filing · 12 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Development Feenot refundable | $150K | $500K | |
| Office Space (1st 3 months)not refundable | $0 | $5K | |
| Depositsnot refundable | $0 | $2K | |
| Franchise Recruitment Advertising and Marketing (1st 3 months)not refundable | $2K | $2K | |
| Travel and Related Expenses for Initial Trainingnot refundable | $600 | $2K | |
| Errors and Omissions Insurancenot refundable | $5K | $10K | |
| Vehicle Lease (1st 3 months)not refundable | $0 | $2K | |
| Professional service feesnot refundable | $500 | $5K | |
| Computer Equipment/Software/Printernot refundable | $0 | $2K | |
| Technology Feesnot refundable | $375 | $1K | |
| Filing and registration costs for Regional Developernot refundable | $3K | $6K | |
| Additional funds (1st 3 months)not refundable | $5K | $15K | |
| Total initial investment | $166K | $551K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $166K – $551K
- Better than avg vs category
- Liquid capital req'd
- $5K – $15K
- Better than avg vs category
- Franchise fee
- $150K – $500K
- Below avg, review vs category
- Royalty
- 0.4%
- percentage · typical 6–8%
- Ad fund
- $9,000
- Total fee load
- 43.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 0.4% of gross sales |
| Technology fee | $1K |
| Training fee | $1K |
| Transfer fee | $10K |
| Renewal fee | $25 |
| Inventory (initial) | $2K – $3K |
| Total fee load | 43.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Healthcare averages
How The Joint Chiropractic Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 970
- Opened
- 60
- Last reporting year
- Closed
- 15
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 1.9%
- Company-owned
- 125
- Corporate units in the system
- % franchised
- 85%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (yr3)
- +3.7%
- Net unit change last year
- 3-yr CAGR
- +4.5%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 45
- Closed (3yr)
- 12
- Non-renewed (3yr)
- 1
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 3
- Franchisor bought back
- Termination rate
- 0.1%
- Franchisor-initiated terminations
- Ceased ops
- 1.3%
- Units that stopped operating
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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Maryland
- Michigan
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 199
- Loan volume
- $55.8M
- Median loan
- $280K
- average
- Charge-off rate
- 3.7%
- 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)
- N/A
- 5-yr charge-off
- 6.2%
- Loans approved 2021+
- Active lenders
- 44
- Defaults
- 3
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
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.
Litigation (Item 3)
Andrew Franklin v. Herman Miller, Inc., et al (Case No. 653370/2020, filed July 7, 2020, Supreme Court of New York). Involves Director Glenn Krevlin but unrelated to franchisor, System, or franchisees. Plaintiff is minority shareholder in Design Within Reach claiming misconduct regarding stock issuance and value dilution. Claims include breach of fiduciary duty, fraud, and aiding and abetting.
Largest disclosed settlement: $800,000
Bankruptcy (Item 4)
Disclosed in last 7 years
Eric J. Simon, Vice President of Franchise Development, filed Chapter 7 bankruptcy (U.S. Bankruptcy Court, Eastern District of Virginia, Case No. 14-12082-RGM) on May 31, 2014 due to restaurant closure in San Diego, CA and lease payment inability. Case discharged September 15, 2014.
Audited financials (Item 21)
Yes · BDO USA, 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
- Can negotiate own supplier terms: No
Score breakdown · what drove the 39 / 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
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | exclusive |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory sizeℹ | 25,000 households |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 1.5 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 60 days |
| Transfer requires consent | Yes |
| Termination notice | 60 days |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Arizona |
| Litigation count | 2 |
View Item 3 litigation summary
Andrew Franklin v. Herman Miller, Inc., et al (Case No. 653370/2020, filed July 7, 2020, Supreme Court of New York). Involves Director Glenn Krevlin but unrelated to franchisor, System, or franchisees. Plaintiff is minority shareholder in Design Within Reach claiming misconduct regarding stock issuance and value dilution. Claims include breach of fiduciary duty, fraud, and aiding and abetting.
Items 10, 11
Training & Operations
- Classroom training
- 26 hrs
- On-the-job training
- 40 hrs
- Training location
- Our corporate headquarters in Scottsdale, AZ and training locations we designate
- Ongoing training
- Required
- Field support
- 40 hrs/yr
- On-site visits per year
- Time to open
- 2 mo
- From signing to launch
- Site selection
- franchisor
- Franchisor financing
- Offered
- Item 10
- POS system
- FranConnect
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: FranConnect
Item 20 · call current owners
Franchisee Contacts
35 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
The Joint Chiropractic · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a The Joint Chiropractic franchise?
The total investment to open a The Joint Chiropractic franchise ranges from $166K – $551K, with an initial franchise fee of $150K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do The Joint Chiropractic franchise owners earn?
The Joint Chiropractic 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 The Joint Chiropractic's franchise failure rate?
Based on SBA 7(a) loan data, The Joint Chiropractic has a charge-off rate of 3.7% across 199 loans, meaning 3.7% 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 The Joint Chiropractic franchise locations are there?
As of their most recent FDD filing, The Joint Chiropractic has 970 total units in the United States, including 23 franchised units and 125 company-owned units. 60 new units were opened in the latest reporting year.
Is The Joint Chiropractic a good franchise to buy?
FranchiseVerdict rates The Joint Chiropractic as a A-grade franchise with a risk score of 39 out of 100, 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.
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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.