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The Joint Chiropractic franchise financing options
Compare costs, fees and where to get financing for a The Joint Chiropractic.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your The Joint Chiropractic franchise may result in higher or lower fees.
Franchise feesThe Joint Chiropractic franchise fees total around $29,950, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$20,000 to $39,900|
|Estimated total||$20,000 to $39,900|
Equipment feesEquipment fees total $34,800 for The Joint Chiropractic. This is less than the $180,023 average for the top 200 franchises.
|Signage||$5,600 to $9,000|
|Office equipment, including furniture and fixtures||$5,000 to $7,000|
|Chiropractic or other professional equipment||$5,800 to $22,200|
|Computer hardware, software, supplies and installation||$5,000 to $10,000|
|Estimated total||$21,400 to $48,200|
Real estate feesReal estate will set you back $139,800 for The Joint Chiropractic, thought it's less than the average of $788,376 for the top 200 franchises.
|Security and utility deposits||$3,700 to $5,800|
|Three months' base lease rent||$9,000 to $27,000|
|Clinic design fee||$250, $600, or $1,000|
|Architectural||$8,500 to $12,000|
|Leasehold improvements||$63,600 to $150,000|
|Estimated total||$84,800 to $194,800|
Training feesThe Joint Chiropractic initial training costs total $3,750, which comes in under the nationwide average of $9,788.
|Initial training expenses, including travel||$2,500 to $5,000|
|Estimated total||$2,500 to $5,000|
Licenses and permits costsThe Joint Chiropractic initial licenses and permits will set you back $2,275. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Business licenses and permits||$750 to $3,800|
|Estimated total||$750 to $3,800|
Administrative feesThe Joint Chiropractic administrative fees total up to $6,397 — which comes in under the overall nationwide average of $6,761.
|Professional fees and services||$3,000 to $6,200|
|Three months' office management software fee||$1,797 to $1,797|
|Estimated total||$4,797 to $7,997|
Personnel costsUniforms, name tags and the like make up personnel costs, and for The Joint Chiropractic it will run you $1,625. The nationwide average cost of personnel fees comes in at $22,818, which means you'll be paying less to outfit your employees.
|Startup supplies, including uniforms, contracts, invoices and other office supplies||$1,250 to $2,000|
|Estimated total||$1,250 to $2,000|
How to financeSince the estimated total for The Joint Chiropractic is on the more costly side, we recommend following these steps to get fully financed:
- Go to the The Joint Chiropractic franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to The Joint Chiropractic about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $218,597 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a The Joint Chiropractic — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of The Joint Chiropractic opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $135,497. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How The Joint Chiropractic stacks upCompare how The Joint Chiropractic holds up against two similarly sized franchises.
|Signal 88 Security||The Joint Chiropractic||Pressto|
|Average Franchise fees||$100,000||$29,950||NA|
|Average Equipment fees||$21,025||$34,800||NA|
|Average Real estate fees||NA||$139,800||NA|
|Average Training fees||$1,500||$3,750||NA|
|Average Inventory fees||NA||NA||NA|
|Average Marketing fees||$500||NA||NA|
|Average Licenses and permits fees||$5,175||$2,275||NA|
|Average Insurance fees||$2,475||NA||NA|
|Average Admin fees||NA||$6,397||NA|
|Average Personnel fees||$5,000||$1,625||NA|
|Average Other fees||$5,500||NA||NA|
Bottom lineThe Joint Chiropractic franchise costs run a total of $218,597. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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