In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for a Nurse Next Door franchise, based on Item 7 of the company’s 2024 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for a Nurse Next Door franchise, based on Items 5 and 6 of the company’s 2024 FDD

Section III – Number of franchised and company-owned Nurse Next Door outlets at the start of the year and the end of the year for 2021, 2022, and 2023, based on Item 20 of the company’s 2024 FDD

Section IV – News updates on the Nurse Next Door franchise opportunity

Section V – Presentation and analysis of Nurse Next Door’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2024 FDD, including information on the:

• average, median, high, and low gross sales for months 1-12 and month 12 for the 33 franchised Nurse Next Door territories that were in operation 12 months or longer on September 30, 2024

• average, median, high, and low gross sales for months 13-24 and month 24 for the 13 franchised Nurse Next Door territories that were in operation 24 months or longer on September 30, 2024

• average, median, high, and low gross sales for months 25-36 and month 36 for the 3 franchised Nurse Next Door territories that were in operation 36 months or longer on September 30, 2024

• average, median, high, and low gross sales per client per month for franchised Nurse Next Door businesses during their 12th month of operation

Section VI – Key ratios, comparables, computations, and analyses for the Nurse Next Door franchise opportunity (exclusive content for Platinum subscribers)

Section I – Nurse Next Door Franchise Costs

• Initial Franchise Fee:  $72,000
• Technology Start-Up Fee:  $8,000
• Pre-Opening Branding and Promotion:  $7,000
• Foundations Training Program:  $0 to $4,000
• Office Equipment and Supplies:  $500 to $3,000
• Legal and Accounting:  $5,000 to $10,000
• Leased Premises:  $0 to $5,000
• Utility Deposits:  $0 to $500
• Local Marketing (Including Online):  $1,000 to $2,000
• Insurance (Excluding Worker’s Compensation):  $2,500 to $4,800
• Worker’s Compensation Insurance:  $2,000 to $15,000
• Crime Insurance (1st and 3rd Party):  $400 to $1,500
• State Bonds:  $0 to $200
• Vehicle:  $0 to $1,000
• Computers and Related Peripherals:  $500 to $3,000
• Licenses and Permits:  $200 to $5,000
• Consultant and/or Director of Nursing:  $0 to $15,000
• Accreditation:  $0 to $8,500
• Google Workplace Costs (access to the technology system used to monitor caregiver attendance in real time):  $15 to $100 (for first 3 months)
• Additional Funds for 3 to 6 Months/Working Capital:  $20,000 to $50,000
• Total Estimated Nurse Next Door Franchise Costs:  $119,115 to $215,600

Section II – Nurse Next Door’s Initial Franchise Fee, Royalty Fee, and Marketing Fee

• Initial Franchise Fee:  $72,000
• Royalty:  5% of Gross Sales, subject to annual minimum royalties
• General Brand Fund Fee:  1% of Gross Sales
• Local Marketing (including online):  you must spend the greater of $1,000 or 2% of gross sales, to a maximum of $2,000
• Regional Branding Cooperative:  pro rata share (based on the number of franchises in the region) of actual costs

Section III – Number of Franchised and Company-Owned Nurse Next Door Outlets

Franchised

2021

• Outlets at the Start of the Year:  33
• Outlets at the End of the Year:  50
• Net Change:  +17

2022

• Outlets at the Start of the Year:  50
• Outlets at the End of the Year:  74
• Net Change:  +24

2023

• Outlets at the Start of the Year:  74
• Outlets at the End of the Year:  73
• Net Change:  -1

Company-Owned

2021

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2022

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2023

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

Section IV – News Updates on the Nurse Next Door Franchise

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Nurse Next Door Franchise (Item 19, 2024 FDD)

• Nurse Next Door makes the following historic financial performance representations about subsets of its existing franchised territories.

Part 1 – Gross Sales by Territory for Months 1-12

• Chart 1 below illustrates Gross Sales for the 12-month period from month 1 to month 12 for territories that were in operation 12 months or longer on September 30, 2024.

• Number of Franchised Territories:  33
• Highest Gross Sales for Months 1-12:  $771,306
• Average Gross Sales for Months 1-12:  $228,014
• Median Gross Sales for Months 1-12:  $140,181
• Lowest Gross Sales for Months 1-12:  $0
• Percent of Franchised Territories Meeting or Exceeding Average:  30%
• Number of Franchised Territories Meeting or Exceeding Average:  10
• Highest Gross Sales for Month 12:  $143,446
• Average Gross Sales for Month 12:  $38,861
• Median Gross Sales for Month 12:  $29,043
• Lowest Gross Sales for Month 12:  $0
• Percent of Franchised Territories Meeting or Exceeding Average:  35%
• Number of Franchised Territories Meeting or Exceeding Average:  11

• As of September 30, 2024, Nurse Next Door had a total of 73 territories operating. Chart 1 does not include information for 13 territories that had not been in business or have performance obligations for 12 months or longer.

• In order to reflect changes in the industry, such as the impact of COVID-19 and a changing economic and regulatory environment, as well as changes in the Nurse Next Door system, Chart 1 also does not include 13 territories that began operations prior to October 1, 2020. In Nurse Next Door’s view, these changes mean that franchisee performance from 2020 and earlier is not reflective of what is likely to occur today.

• Chart 1 does include 7 territories that were operated by different franchisees during the first 3 years. It does not include data from territories that ceased operations during the relevant period.

Part 2 – Gross Sales by Territory for Months 13-24

• Chart 2 below illustrates Gross Sales for the 12-month period from month 13 to month 24 for territories that were in operation 24 months or longer on September 30, 2024.

• Number of Franchised Territories:  13
• Highest Gross Sales for Months 13-24:  $2,134,807
• Average Gross Sales for Months 13-24:  $651,298
• Median Gross Sales for Months 13-24:  $496,995
• Lowest Gross Sales for Months 13-24:  $0
• Percent of Franchised Territories Meeting or Exceeding Average:  38%
• Number of Franchised Territories Meeting or Exceeding Average:  5
• Highest Gross Sales for Month 24:  $217,242
• Average Gross Sales for Month 24:  $63,333
• Median Gross Sales for Month 24:  $48,463
• Lowest Gross Sales for Month 24:  $0
• Percent of Franchised Territories Meeting or Exceeding Average:  31%
• Number of Franchised Territories Meeting or Exceeding Average:  4

• As of September 30, 2024, Nurse Next Door had a total of 73 territories operating. Chart 2 does not include information for 40 territories that had not been in business or have performance obligations for 24 months or longer.

• In order to reflect changes in the industry, such as the impact of COVID-19 and a changing economic and regulatory environment, as well as changes in the Nurse Next Door system, Chart 2 also does not include 13 territories that began operations prior to October 1, 2020. In Nurse Next Door’s view, these changes mean that franchisee performance from 2020 and earlier is not reflective of what is likely to occur today.

• Chart 2 does include 7 territories that were operated by different franchisees during the first 3 years. Thirty-six territories ceased operations during the relevant period, including 15 territories that ceased operations in their first 12 months of operations.

Part 3 – Gross Sales by Territory for Months 25-36

• Chart 3 below illustrates Gross Sales for the 12-month period from month 25 to month 36 for territories that were in operation 36 months or longer on September 30, 2024.

• Number of Franchised Territories:  3
• Highest Gross Sales for Months 25-36:  $1,621,974
• Average Gross Sales for Months 25-36:  $1,248,753
• Median Gross Sales for Months 25-36:  $1,614,948
• Lowest Gross Sales for Months 25-36:  $509,338
• Percent of Franchised Territories Meeting or Exceeding Average:  67%
• Number of Franchised Territories Meeting or Exceeding Average:  2
• Highest Gross Sales for Month 36:  $188,978
• Average Gross Sales for Month 36:  $119,422
• Median Gross Sales for Month 36:  $102,682
• Lowest Gross Sales for Month 36:  $66,606
• Percent of Franchised Territories Meeting or Exceeding Average:  33%
• Number of Franchised Territories Meeting or Exceeding Average:  1

• As of September 30, 2024, Nurse Next Door had a total of 73 territories operating. Chart 3 does not include information for 50 territories that had not been in business or have performance obligations for 36 months or longer.

• In order to reflect changes in the industry, such as the impact of COVID-19 and a changing economic and regulatory environment, as well as changes in the Nurse Next Door system, Chart 3 also does not include 13 territories that began operations prior to October 1, 2020. In Nurse Next Door’s view, these changes mean that franchisee performance from 2020 and earlier is not reflective of what is likely to occur today.

• Chart 3 does include 7 territories that were operated by different franchisees during the first 3 years. Thirty-six territories ceased operations during the relevant period, including 15 territories that ceased operations in their first 12 months of operations.

Part 4 – Average Gross Sales Per Client for Twelfth Month of Operation

• As of September 30, 2024, the “average Gross Sales per client per month” for franchise businesses during their 12th month of operation was $3,188. The “median Gross Sales per client per month” for this same month was $2,939. The “high Gross Sales per client per month” for this same month was $6,052. The “low Gross Sales per client per month” for this same month was $1,105.

• There has been no material change to the information provided in this Item 19 due to COVID-19.

Part 5 – Other Information

• The figures were compiled from data received from the franchisees using a centralized scheduling system of reporting. The data received from franchisees was not prepared in accordance with general accepted accounting principles.

• Some franchise partners have earned this amount. Your individual results may differ. There is no assurance you will earn as much.

Section VI – Nurse Next Door Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️