When considering franchises to buy, you may think about chiropractors and how much they make in a year. Generally, the chiropractic field is a successful one to invest in, and the median salary is attractive. Keep reading to learn about the chiropractic market and available franchises that might appeal to you.
The question “Do chiropractors make good money?” comes up often. The chiropractic industry is growing at a consistent rate of 12% annually. Its popularity is due to the shift to holistic wellness and the benefits of natural healing methods for overall health.
According to data from the Bureau of Labor Statistics’ Occupational Employment Statistics report, the average salary for a chiropractor is $85,870/year. However, the amount that chiropractors earn may vary from state to state. Chiropractic franchises can be lucrative depending on your location, client base, and other factors. Many chiropractors want their own practice but don't want to start from scratch. That is where franchising comes in.
The average investment for a chiropractic franchise is $100,000-$200,000. You must pay the parent company an initial franchise fee and ongoing royalties. Depending on the franchise you choose, you may also need a specific amount of liquid capital.
However, the average income of doctors with a successful chiropractic franchise is between $219,000 - 461,000, with an annual profit of about 22% (EBITDA margin). High-traffic metropolitan areas may do even better. The average chiropractor earns a good salary from this profit. Your actual pay will be determined by how successful your practice is. You may choose to pay yourself a higher base salary or put your profit back into the business. As a chiropractor and owner, it's your choice.
Using Snap Crack Chiropractic as an example practice, you can expect the following initial fees:
Initial Franchise Investment $150,000-$250,000.
Liquid Capital Necessary $39,000
Other Costs may apply, such as royalties, marketing fees, etc.
There are cases where an independent contractor may invest in a chiropractic office without intending to work there. He or she will hire doctors and support staff and simply remain a silent partner.
If you are on the fence about deciding between opening your own practice and investing in a franchise, here is why franchising can make the process of owning a business much quicker and easier.
Franchise companies have taken all the headaches out of starting your own business. They have done the hard stuff and come up with a rock-solid business plan that works. They have proven that by opening successful locations around the country. You will get to benefit from their experience, saving yourself time and money.
You don’t have to come up with a name and logo; branding is already done for you. Additionally, you receive all the training and support you need to get your office up and running, accepting patients quickly.
You hit the ground running with consumers waiting for your services because you are working with a reputable brand that people already know and trust.
Old-school chiropractic offices meant long wait times, scheduled appointments, and messy health insurance claims. Gone are the days of stuffy waiting rooms and appointments; meet Snap Crack Chiropractic, the modern path to wellness.
Snap Crack Chiropractic has turned the profession of spinal adjustments on its head with low fees ($39 or $49 a month), memberships, and healthy vitamin and immune-boosting infusions. Customers can pop in anytime they like; no appointment is necessary.
Snap Crack Chiropractic’s offices are fun, lively, and inviting, more like a spa than a medical office. Customers visit, get their treatment, and go on with their day. Their motto is cool, comfortable, and efficient.
Snap Crack Chiropractic has revolutionized the whole chiropractic care industry and wanted to share its model with others. They offer a solid franchise package that includes the following perks:
When you partner with Snap Crack Chiropractic, you get the ultimate support and training to feel confident from day one and well into your business career in the future.
Investing in a chiropractic franchise may be the best decision you ever make. You can be up and running quickly with a relatively low initial investment and start earning rapidly.
If your only concern is how much money chiropractors make, you can rest assured that the average chiropractic salary will get you a tidy sum that you can easily support yourself with.
Determining whether a chiro franchise is worth it will be up to you. Do you want to own your own business with steady employment and the opportunity to help people every day? Do you want to earn money quickly through multiple revenue streams? Buying this chiropractic franchise may be the key to your financial and business goals coming to fruition.
Get started with your own chiropractic franchise and start offering hassle-free wellness treatments to your patients. Contact Snap Crack Chiropractic today to learn more about our outstanding franchise program.