SCOTTSDALE, Ariz., Sept. 20, 2021 /PRNewswire/ -- The Joint
Corp. (NASDAQ: JYNT), the nation's largest provider of chiropractic
care through The Joint Chiropractic® network, was
pleased to be one of only two brands to receive the TOP$CORE FUND
Award at the Multi-Unit Franchising Conference in Las Vegas this month. The award is
presented annually to brands that exemplify performance excellence
and lender friendliness.
The TOP$CORE FUND award is given to one food and one non-food
brand with a leading FUND score that consistently demonstrates a
commitment to supporting franchisees' access to financing. The FUND
scoring system is embraced by banks of all sizes that collectively
represent over a trillion dollars in assets. The award was created
to highlight brands that have risen above other peers by
simplifying the financing process, which equates to a lower cost of
capital and better financing terms for their franchisees.
"To be recognized with the top FUND score for our commitment to
our franchisees is especially rewarding. We pride ourselves in
being a best-in-class franchisor that is driven by our franchisees'
success every day," said Peter D. Holt, president and chief
executive officer of The Joint Chiropractic.
This award seeks to recognize excellence on unit economics,
franchisee-franchisor relationships and franchise support systems.
The scoring system lenders rely on to gauge that in franchising is
the FUND score, which is a franchise credit risk score which rates
12 credit risk categories such as franchise business success rates,
franchise unit profitability, and franchisee support. These
franchised brands excel in each of these metrics making it easy for
lenders to do business with them. Even regulators have acknowledged
the importance of FUND scores as a credit risk monitoring tool for
banks.
"As this year's TopScore FUND Award winner in the non-food
category, The Joint Chiropractic exemplifies commitment to
lender support and transparency. The brand outperforms its
peers within the personal service industry with a consistent
historical success rate despite a year of pandemic challenges. I
commend them for their commitment to actions that enhance capital
access, enabling their franchisees to receive the best terms and
lower their franchising cost," said Darrell
Johnson, CEO of FRANdata.
The Joint Chiropractic is known for its convenient
retail setting and concierge-style services including
no-appointments, no-insurance hassles, affordable chiropractic care
and accommodating hours of operations, including evenings and
weekends.
For information on The Joint Chiropractic, or to find one
of our chiropractors near you, visit thejoint.com.
About FRANdata
FRANdata is a leading
franchise-focused research and advisory company. By leveraging the
largest verified database of franchise information and with over 30
years experience analyzing the franchise market, FRANdata creates
targeted business development strategies and actionable solutions
that provides their clients with the information they need to
understand risk, measure opportunities, and improve
performance. FRANdata is the creator of the FUND (Franchise
Credit Scoring) report which is relied upon by lenders with over a
trillion dollars in assets to assess their franchise credit risks.
For more information go to www.frandata.com.
About The Joint Chiropractic
The Joint Corp.
revolutionized access to chiropractic care when it introduced its
retail healthcare business model in 2010. Today, the company is
making quality care convenient and affordable, while eliminating
the need for insurance, for millions of patients seeking pain
relief and ongoing wellness. With more than 600 locations
nationwide and over eight million patient visits annually, The
Joint Chiropractic is a key leader in the chiropractic
industry. Named on Franchise Times "Top 200+ Franchises" and
Entrepreneur's "Franchise 500®" lists, The
Joint Chiropractic is an innovative force, where healthcare
meets retail.
Business Structure
The Joint Corp. is a franchisor of
clinics and an operator of clinics in certain states. In
Arkansas, California, Colorado, District
of Columbia, Florida, Illinois, Kansas, Kentucky, Maryland, Michigan, Minnesota, New
Jersey, New York,
North Carolina, Oregon, Pennsylvania, Rhode
Island, South Dakota,
Tennessee, Washington, West
Virginia and Wyoming, The
Joint Corp. and its franchisees provide management services to
affiliated professional chiropractic practices.
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SOURCE The Joint Corp.