Investing in your own SoVita Chiropractic Center
The initial franchise fee is $12,500 to $25,000 depending on whether you are starting a SOVITA CHIROPRACTIC CENTER from the ground up or converting your current operation to our network. Depending on your current location and/or infrastructure, the total fees to launch a SOVITA CHIROPRACTIC CENTER franchise range from $61,500 to $234,000. See the FDD Item 7 below to outline the items included in your estimated initial investment.
FDD Item 7
|Your Estimated Initial Investment|
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment
Is To Be Made
|Initial Franchise Fee*||$12,500 to $25,000||Lump Sum||Upon Effective Date
of Franchise Agreement
|SoVita Chiropractic Center|
|Utility, Lease and
|$0 to $3,000||As Incurred||As Incurred||Third Parties|
|Leasehold Improvements||$0 to $50,000||As Incurred||As Incurred||Third Parties|
|Signage||$500 to $2,000||As Incurred||As Incurred||Third Parties|
|Furniture and Fixtures||$0 to $1,500||As Incurred||As Incurred||Third Parties|
|Equipment||$0 to $45,000||As Incurred||As Incurred||Third Parties|
|Office Equipment, Computers,
|$3,000 to $8,500||As Incurred||As Incurred||Third Parties|
|Business Software||$3,000 to $3,500||As Incurred||As Incurred||Third Parties|
|Professional Fees||$0 to $500||As Incurred||As Incurred||Third Parties|
|Initial Inventory||$25,000 to $35,000||As Incurred||As Incurred||Third Parties|
|Business Insurance||$3,000||As Incurred||As Incurred||Third Parties|
|Training Expenses||$7,000 to $8,000||As Incurred||As Incurred||Third Parties|
|Grand Opening Marketing||$0 to $5,000||As Incurred||As Incurred||Third Parties|
|Rent (3 months)||$7,500 to $14,000||Lump Sum||Monthly||Third Parties|
|Additional Funds (6 months)||$0 to $30,000||As Incurred||As Incurred||Third Parties|
|Total Estimated Initial Investment||$61,500 to $234,000|
The low end for each of these categories is for a franchisee who is converting an existing chiropractic practice to a SOVITA CHIROPRACTIC CENTER™ and assumes these items are already acquired or are already expenses being incurred.
* Per FDD Item 5, the initial franchisee fee is $25,000. However, the amount of this fee is reduced to the following amounts under the following circumstances:
FDD Item 5
|$12,500||You are converting an existing center that has been in
operation for at least 1 full year and had revenues of at least
$100,000 during the immediately preceding 12-month period.
|$12,500||You graduated as a D.C. from an accredited chiropractic
school within 36 months preceding the date of the Franchise Agreement.
|$16,667||You are an existing SOVITA Chiropractic Center™ franchisee.|
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. If you are a resident of a U.S. state or a country that regulates the offer and sale of franchises, are receiving this message in one of those states or countries, or intend to operate a franchise in any of those states or countries, we will not offer you a franchise unless and until we have complied with any applicable pre-sale registration and/or disclosure requirements in the applicable jurisdiction.
This website and the franchise sales information is not an offering of a franchise. In New York (USA), an offering of a franchise can only be made by a prospectus that has been previously filed and registered with the Department of Law of the State of New York. The application for registration of an offering prospectus or the acceptance and filing thereof by the Department of Law as required by the New York law does not constitute approval of the offering or the sale of such franchise by the Department of Law or the attorney general of New York.
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