Verified — real FDD extraction
Not found in the SBA Franchise Directory under this name — though SBA loans to its franchisees exist; verify eligibility with your lender
THE JOINT CHIROPRACTIC (RD)
Health & Wellness · independent · est. —
The Joint Chiropractic operates walk-in chiropractic clinics offering routine spinal adjustments on an affordable, membership and package basis without insurance billing or appointments. Clinics are small and staffed by licensed chiropractors. A franchisee runs a clinic, handling staffing, memberships, and front-desk operations.
THE JOINT CHIROPRACTIC (RD) net unit count grew 0.0% from 2021–2023 per its FDD Item 20.
New to franchising? Start here
A franchise is a business where you (the franchisee) pay a company (the franchisor) for the right to open and run a location using their brand and system — think a local Anytime Fitness or Taco John's owned by a small-business owner, not the corporation.
Before you can buy in, U.S. law requires the franchisor to give you a Franchise Disclosure Document (FDD) — a long legal filing covering its fees, finances, and history. The numbers on this page come straight from that document:
- Franchise fee — the one-time cost to buy in.
- Royalty — the ongoing cut of your sales you pay the franchisor.
- Item 20 — how many locations opened and closed, the basis for our verdict (from Proven & strong down to Distressed — or Too new to judge).
The verdict
Too new to judge
Distress
23 franchised units over 3 disclosed years is not a track record — systems this early have realized only a fraction of their eventual failures. Judge the disclosures, not a verdict.
Exit rate · latest year
0.0%
vs 9.6% across 37 health & wellness systems
Cost to open
$166K–$551K
Item 7 total investment range
SBA loan defaults
8.5%
vs 14.8% avg across rated brands
Behind the verdict
the record, factor by factor · Item 20
3-yr trend · Item 20 Table 1
terminations + ceased-ops vs. all exits · Table 3
transfers vs. base · Table 3
actual vs. projected openings · Table 5
Item 19 disclosure + completeness
Systemwide units
2021–2023
Survival record
FDD Item 20 · outlet status by year
In fiscal 2023, 0 of 19 franchised outlets left the system — a 0.0% annualized exit rate, vs 9.6% across 37 health & wellness systems. Not every exit is a failure — but this is the measurable floor.
Show the outlet tables ↓Hide the evidence ↑
| Status (FTC) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Outlets at start | 27 | 26 | 26 |
| Opened | 0 | 0 | 0 |
| Transfers | 0 | 0 | 0 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 1 | 4 | 1 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 26 | 26 | 26 |
| Net change | -1 | 0 | 0 |
The lender's view
SBA 7(a)/504 loan performance · FY1991–present
Banks have made 156 SBA-backed loans to THE JOINT CHIROPRACTIC (RD) franchisees since 2013. Of the 47 that have resolved, 8.5% were charged off (defaulted) rather than paid in full, versus 14.8% across 576 rated brands.
8.5%
4 of 47 resolved defaulted
68.9%
avg. charged-off $ ÷ approved $
5.9%
default rate × loss severity
$337,828
what recent franchisees borrowed
70 mo
approval → charge-off, defaulted loans
31 vs 8
distinct banks still lending
Charge-off rate by loan approval year (%)
SOURCE: SBA 7(a)/504 FOIA LOAN DATA (DATA.SBA.GOV), FY1991–PRESENT · MATCHED TO THE JOINT CHIROPRACTIC (RD) BY FRANCHISE NAME · RESOLVED = CHARGED-OFF + PAID-IN-FULL
The owner's side of the deal
FDD × federal loan record
Who finances it
Simmons Bank
30.1% of this brand's loans
That lender charges off 11.5% of its loans to other franchise brands, vs 14.8% nationally.
Who buys it
64.6%
first-time franchise owners
The rest already owned at least one other franchise. Across the corpus, brands bought mostly by repeat operators charge off at roughly 10% versus 17% for brands sold mostly to newcomers.
Does experience help here?
Not enough resolved loans to split
Computed from 156 SBA 7(a)/504 loans to THE JOINT CHIROPRACTIC (RD) franchisees joined to the brand's own FDD. Debt service assumes level amortization at the average disclosed term and rate. A lender's rate excludes its loans to this brand, so it reads the lender, not the brand.
What it costs — and what it drags
FDD Items 5–7 · fees, investment, royalty
Buying in means a total investment of $166K–$551K (Item 7). The franchisor publishes no earnings claim (Item 19) — ask current and former franchisees for real numbers.
To open (Item 7)
$166K–$551K
all-in investment range
Franchise fee (Item 5)
—
upfront, one-time
Royalty (Item 6)
—
of sales, ongoing
Your figure — this brand discloses no Item 19 earnings; validate with current & former owners.
Royalty you'd pay / yr
$0
0% of sales, before profit
Over a 10-yr term
$0
royalties alone, excl. ad fund
This is not profit. It's the only money the FDD actually pins down — what you put in, and the royalty you owe on every dollar of sales. Your real take-home depends on labor, rent, food cost, and ramp-to-breakeven, none of which any FDD discloses.
Build a real pro-forma for THE JOINT CHIROPRACTIC (RD) with an independent CPAModeled risk
FDD Risk Score · modeled from the public record
Modeled from the public record, this brand sits mid-pack: riskier than 65% of systems we score.
Risk percentile
65 / 100
Loan-corroborated
Modeled SBA charge-off
14.9%
Observed SBA charge-off
8.5%
Top drivers: System size (log units) (raises) · Share financed by high-loss lenders (lowers) · Item 20 exit rate (lowers) · Net unit growth (raises). 15+ resolved loans stand behind this estimate. A linear scorecard built from this brand's own disclosure figures plus the federal loan record behind its franchisees; full spec and cross-validated accuracy on the methodology page. A score is context, not a verdict.
Distress signals
news-sourced · bankruptcies, closures, lawsuits
No recent closures, bankruptcies, or major lawsuits found in the news for THE JOINT CHIROPRACTIC (RD). That's a good sign — but it reflects news coverage, not a guarantee.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing THE JOINT CHIROPRACTIC (RD)'s numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →THE JOINT CHIROPRACTIC (RD) franchise questions, answered from the filings
What percentage of THE JOINT CHIROPRACTIC (RD) franchises closed last year?
In THE JOINT CHIROPRACTIC (RD)'s latest FDD Item 20 (fiscal 2023), 0 of 19 franchised outlets left the system — an annualized exit rate of 0.0% — compared with 9.6% across 37 health & wellness systems tracked here. That counts terminations, non-renewals, and "ceased operations — other reasons." There is no official failure rate, and not every exit is a failure, but this is the measurable floor.
How much does a THE JOINT CHIROPRACTIC (RD) franchise cost?
Per THE JOINT CHIROPRACTIC (RD)'s 2024 FDD, buying in requires a total initial investment of $166K–$551K (Item 7).
Does THE JOINT CHIROPRACTIC (RD) disclose earnings (Item 19)?
No — THE JOINT CHIROPRACTIC (RD)'s 2024 FDD makes no financial performance representation in Item 19. That is legal and common, but it means the franchisor publishes no earnings claim; ask current franchisees for real numbers.
How often do SBA loans for THE JOINT CHIROPRACTIC (RD) franchises default?
Across 156 SBA-backed loans to THE JOINT CHIROPRACTIC (RD) franchisees since 2013, 4 of the 47 that have resolved were charged off — a 8.5% default rate, versus about 14.8% across all rated franchise brands. This is the lender's-eye view of franchisee failure, drawn from public SBA 7(a)/504 FOIA data and independent of the franchisor's own disclosures.