HealthSource® Franchise
To buy a franchise with HealthSource®, you'll need to have at least $100000 in liquid capital. HealthSource® charges a franchise fee of $45000.
Franchisor Details
Total Units: 307
Year Founded: 2006
Franchising Since: 2006
Home Office: Avon, OH
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $100,000
Net Worth Required: N/A
Total Investment: $100,000 – $207,000
Franchise Fee: $45,000
Royalty Type: -
Vetern Discount: -
*HealthSource® is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, Wisconsin, Wyoming
Values & History
HealthSource was founded by a practicing chiropractor who wanted to streamline the processes of running a clinic and making care accessible to patients. These goals have led us to become a major force in the health and wellness industry, with hundreds of franchises opened nationwide. Since our inception in 2006, HealthSource has been dedicated to a whole-body approach to wellness, and we strive to make each HealthSource franchise a one-stop-shop to help our patients feel great.
At HealthSource, we value simplicity and accessibility, both for our franchisees and our patients. We want to make things easier for chiropractors who have started or are considering starting their own private practice by simplifying the process. Our time-tested business model is designed to eliminate wasted time and money while keeping you organized and helping you attract new business. Furthermore, our health and wellness franchise owners never need to worry about doing things alone they can run their business with the confidence that comes from being part of a team, with expert advice and guidance every step of the way. Best of all, our streamlined business model translates to convenience for our patients. With convenient locations, standardized rates, and a system that works with many insurance providers, it's easier than ever for potential patients to experience the benefits of chiropractic care.
Industry Performance
One of the reasons HealthSource expanded so rapidly is the constant research we do into industry trends. The range of services we offer are all designed to tap into different consumer needs and demands. We're always working to ensure that our franchises stay viable by offering products and services that patients want now, and we pay attention to industry sectors outside of chiropractic to inform our decisions. As the industry grows, HealthSource's offerings are growing along with it. More and more young people are turning their attention towards and spending their money on holistic services like ours.
The chiropractic industry in the U.S. is a $15 billion business, with a history of growth in recent years. In fact, it's expected to be worth nearly $18 billion by 2025! Why all of the growth in the industry? Chiropractic care has proven to be a useful therapy for a number of issues, including rehabilitating injuries. And as the chiropractic and healthcare industries grow, the health and wellness industry is keeping pace with them. In fact, it's expected to reach a value of $179 billion by 2020. As consumers realize the value of preventative medicine, they're also beginning to appreciate the benefits of a more holistic approach. Keeping stress levels down is an important way to improve overall health and well-being. Millennials, in particular, value self-care as a regular part of their wellness routine. Incorporating massage (a $12 billion industry) and nutrition wellness (a $32 billion industry) into our business model just makes good business sense.
Training & Support
Our franchisees are provided with regular ongoing training and instruction in best practices from highly-regarded chiropractors and industry specialists. Webinars and a consistently-updated cache of videos and other programs help our franchisees stay connected to the wider world of HealthSource outside of their practice. Best of all, they can reach out to our team when they have questions or need one-on-one feedback. At HealthSource, we work hard to ensure that no man is an island.
Initial Training
Our franchisees along with a select number of their staff will join us in the Cleveland, Ohio area for a comprehensive initial training. This classroom training is conducted by our experts and designed by a team of highly-qualified chiropractic professionals with more than 100 years of experience between them! A few of the topics to be covered in initial training include:- Practice management
- Administrative systems
- Vendor relationships
- Marketing
Support Systems
HealthSource has a number of key support systems in place to help our franchisees as they manage their practice. In addition to the ongoing research and development efforts we conduct in our corporate office, we're available to answer questions and provide guidance to our franchisees. Furthermore, we've developed a number of resources to help with day-to-day administration including:- A customized software system
- Integrated marketing assistance
- An online resource library that includes a range of instructional and training materials
Ideal Candidate & Qualifications
One of the best parts about franchising with HealthSource is that you don't need a particular skill set to apply—our business model is accessible to people of various careers and backgrounds. Regardless of your own experience, we'll work with you to staff your clinic with a highly-qualified team. We'll also give you access to many resources and tools to simplify the job of running your business.
That being said, many of our franchisees are chiropractors themselves. If you have a background running your own practice, you'll likely find that many of your skills will transfer to your new HealthSource franchise. If you're already working in the industry and are finding yourself exhausted with the day-to-day responsibilities of running a chiropractic business, you'll likely find that our streamlined system could greatly simplify your job.
Purchasing a HealthSource® Franchise
The cost to open a new HealthSource franchise starts at around $207,000. The total amount you'll invest could be higher or lower, depending on factors like the size and location of your practice. This cost includes just about everything you'll need to get your business up and running, including initial training, access to our customized software, and your initial franchise fee. Keep in mind, HealthSource offers significant discounts to franchisees who open two or more locations, and we often have existing operations for sale in select markets.
The initial franchise fee to open your first HealthSource franchise is $45,000, making it one of the most important parts of the investment. Our franchise fee grants you access to our brand name and business model, and also entitles you to a number of helpful resources that will simplify the process of running and growing your business. It also covers the cost of your initial training, aside from travel and lodging expenses.
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