HealthSource Chiropractic and Progressive Rehab

Chiropractic, nutrition & weight-loss services

Background

Founded: 1998 Franchising since: 2006
Address:
4365 Liberty Ave., #200
Vermilion, Ohio 44089
Phone:
(440)967-5458


Franchisor is a privately-held company with 7 employee(s); 3 employee(s) in franchise department.

Franchise Units
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 229 0 0 0
2008 195 0 0 0
2007 125 0 0 4
2006 50 0 0 4

Where Seeking Franchisees
Nationwide

Exclusive territories available.
Territory size: 65,000 population

Costs and Fees

Total investment: $52,950 - $249,795
Franchise fee: $29,000 - $35,000
Ongoing royalty fee: 7%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Business Experience:
  • Industry experience
  • General business experience

Operations
  • 5% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 3
  • Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 3 days

Ongoing Support
  • Newsletter
  • Meetings
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • National media
  • Regional advertising

Rankings

Franchise 500® rank:
#258 (2010); #109 (2009);

Fastest-Growing Franchises:
#66 (2010); #32 (2009);

Top New Ranking:
#4 (2010); #5 (2009);


Related Franchises

Franchises, get reprints of your rankings »



Marketplace

Learn how to distribute a press release
Try online printing from The UPS Store®
The Latest
The Outlook for 2010
Find out which franchises will thrive in 2010.
The Top 10 Franchises
Up close and personal with the top companies on our list.
How I Did It
Find out how these franchisees survived a bankruptcy and got financing without a loan.
Are You Suited to Be a Franchisee?
100 questions you should ask or answer before you buy a franchise.
Alternative Financing Sources
Here's a look at some creative ways to find startup funds for would-be franchisees.