Simply Chiropractic, LLC partners with qualified individuals meeting certain minimum requirements. Each Simply Chiropractic® location is owned 100% by the practicing chiropractor.
The total investment necessary to begin operation ranges from *$88,800 to $157,200. This may seem like a large range, but there is a very important reason for it: We work to either retrofit your existing practice to a Simply Chiropractic, or to help you open a new location. This means you as an existing chiropractor can back-fill into our model, streamlining your practice, or your we can create a completely new location with you.
*A large portion of the working capital needed can be obtained through leases for equipment and FFE.
|ITEM DESCRIPTION||ESTIMATED COST||METHOD OF PAYMENT||WHEN DUE||TO WHOM PAYMENT IS TO BE MADE|
|Initial Set Up Fee||$5,000 (1)||Lump Sum||At execution of Franchise Agreement||Simply Chiropractic, LLC|
|Real Estate and Improvements||$25,000-45,000 (2)||Lump Sum||Prior to opening||Landlord and contractors|
|Food & Lodging (2 persons while training, not including cost of transportation)||$0 to $2,500||As Incurred||During training||Hotels and restaurants|
|Furnishings, Equipment & Decorating||$25,000 to $45,000||Lump Sum||Prior to opening||Suppliers, contractors|
|Signs||$2,500 to $5,500||Lump Sum||Prior to opening||Sign company, landlord (possibly)|
|Technology Hardware||$4,050 to $6,700||Lump Sum||Prior to opening||Suppliers|
|Branding / Advertising||$4,500 to $15,000 (3)||Ongoing||Prior to opening and ongoing||Required Contractor|
|Professional Fees||$1,500- $2,500||Lump Sum and/or terms||Prior to opening and ongoing||Your accountant, lawyer, architect|
|Miscellaneous Opening Costs||$750 to $5,000 (4)||As incurred||As incurred||Suppliers, utilities, tradesmen|
|Additional Funds Recommended - 3 months||$25,000 (5)||As incurred||As incurred||Suppliers and employees|
|TOTAL ESTIMATED INITIAL INVESTMENT
||$88,800 TO $157,200|
The initial Set Up Fee includes our custom Technology and training for you and one other person (if the second person is the licensed chiropractor you will employ because you are not a licensed chiropractor).The start up fees are inclusive of both cash expenditures as well as leased items.
Simply Chiropractic gives you the ability to do multiple units quickly and affordably
The model is service-based, with little to no cost of goods sold. The lack of insurance administration personnel means the Chiropractor has the capacity to treat more patients. This creates the potential for a significant income stream.