Financing a Franchise
Explore options to fund your new compassionate venture. From reviewing your finances to borrowing money, our expert team is here to help every step of the way.
Home Equity
Unlock the value in your home to access affordable capital
Personal savings
Using liquid assets such as cash, stocks, and bonds
Third-party Lenders
Our team helps you explore bank loans, lines of credit, 401(k) rollover and more
Start Up Costs
What are my Start Up Costs?
| Type of Expenditure | Low | High |
|---|---|---|
Initial Franchise Fee | $72,000 | $72,000 |
| Technology Start-up Fee | $8,000 | $8,000 |
| Pre-opening Branding and Promotion | $7,000 | $7,000 |
| Foundations Training Program | $0 | $4,000 |
| Office Equipment and Supplies | $500 | $3,000 |
| Legal and Accounting | $5,000 | $10,000 |
| Leased Premises | $0 | $5,000 |
| Utility Deposits | $0 | $500 |
| Local Marketing (including online) | $1,000 | $2,000 |
| Insurance (excluding Worker’s Compensation) | $2,500 | $4,800 |
| Worker’s Compensation Insurance | $2,000 | $15,000 |
| Crime Insurance (1st and 3rd Party) | $400 | $1,500 |
| State Bonds | $0 | $200 |
| Vehicle | $0 | $1,000 |
| Computers and Related Peripherals | $500 | $3,000 |
| Licenses and Permits | $200 | $5,000 |
| Consultant and/or Director of Nursing | $0 | $15,000 |
| Accreditation | $0 | $8,500 |
| Google Workplace – Costs. Access to the technology system (System used to monitor Caregiver attendance in realtime) | $15 | $100 (for first 3 months) |
| Additional Funds — 3 to 6 Months/Working Capital | $20,000 | $50,000 |
| Total | $119,115 | $215,600 |
| Type of Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $90,000 | $90,000 |
| Technology Start-up Fee | $8,000 | $8,000 |
| Pre-opening Branding and Promotion | $7,000 | $7,000 |
| Initial Training Program | $2,000 | $4,000 |
| Office Equipment and Supplies | $2,000 | $4,000 |
| Legal and Accounting | $500 | $3,000 |
| Rent; Leased Improvements | $3,000 | $5,000 |
| Utility Deposits | $3,000 | $5,000 |
| Online Marketing | $0 | $5,000 |
| Insurance (excluding Worker’s Compensation) | $3,000 | $3,000 |
| Vehicle | $3,000 | $6,000 |
| Computers and Related Peripherals; Equipment | $0 | $1,200 |
| Licenses and Permits | $500 | $3,000 |
| Additional Marketing Collateral; Inventory | $500 | $2,000 |
| Additional Funds — 3 to 6 Months/Working Capital | $0 | $1,000 |
| Additional Funds – 3 to 6 Months/Working Capital | $20,000 | $50,000 |
| Total | $119,115 | $215,600 |
*This information is from Item 7 of our Franchise Disclosure Document with an issuance date of November 29, 2024. This is the latest version of our Franchise Disclosure Document. This version may not be currently registered in any or all franchise registration states. We will make application to register it in all registration states in due course as required under applicable law.
Grants
Business Grants
Applying for a grant may sound intimidating, but it’s a great way to bring in extra funding to grow your business. There are numerous programs available, ranging from government initiatives to local organizations. The key is knowing where to look and how to tell your story. We can help by identifying the right opportunities and supporting you in crafting strong applications.
Loans
Need a Loan? We can Help you with that.
After qualifying you as a candidate, we can connect you with a reputable loans specialist to help you finance your business.
- Support: Get help with submitting your loan application
- Explore: Discover your loan options with our loan specialist
Frequently Asked Questions
Foundations Training is our comprehensive, five-day virtual program designed to fully immerse and equip new franchise partners with the tools, skills, and knowledge needed to confidently launch and grow their business.
During the training, you'll engage in interactive sessions on all aspects of the business and get a first-hand look at how our systems work.
Our team of experts will guide you through key operational areas, including:
- Culture: A deep dive into our core values and the foundation of our compassionate brand.
- People & Hiring Caregivers: How to find and retain the right people to join your team.
- Care Services Center: Understanding our 24/7 operational support system that handles administrative duties.
- Marketing & Social Engagement: Strategic planning for community initiatives and professional referrals.
- Happier Aging: Learning to apply our trademarked philosophy and bringing it to your community.
- Sales & Client Acquisition: Developing skills to build relationships and secure clients.
- Strategic Planning: Building a one-page strategic plan with goals and metrics for your business.
- And More!
Bold Pink Brand: We stand out from the crowd with our bright and loud branding. Find out why people love the Nurse Next Door brand on our blog.
Centralized Call Center: Scheduling is one of the key challenges many home care businesses face. Our unique Care Services Center manages the scheduling for your Franchise Partners 24 hours a day, 7 days a week. We also connect with caregivers to ensure someone is there for the scheduled visit.
Avoid burnout from endless admin work and focus on growing your business. Learn more about our centralized system on our website.
Happier Aging: Our care philosophy means we provide more than just care, we get our clients back to doing what they love.
Your support doesn’t stop after your initial training. We provide comprehensive, ongoing coaching and resources to ensure you’re set up for success from pre-launch through post-launch.
Our business coaches work with you closely, acting as your personal coach and cheerleader in weekly calls.
You’ll be equipped with essential resources to help you scale and manage your business, including:
- Monthly Metrics Tracker: A simple dashboard to keep you on track with key performance indicators (KPIs) and sales numbers.
- One Page Plan: An easy-to-implement guide to help you set goals, manage budgeting, and track your business’s strategic vision.
- Operations Manual: A comprehensive, one-stop-shop guide that details every aspect of Nurse Next Door’s operational standards and procedures.
We have a robust system in place to ensure you are fully supported as you work to achieve your goals.
We are active in the US, Canada, Australia and England with over 400 global franchises.
There are over 200 active locations in Canada and US, with many territories available for franchising across both countries. Contact our franchising experts to learn more.
The process of starting a Nurse Next Door franchise can be as short as 4-8 weeks. Review our path to franchising page to explore the process.
No. While a medical or health care background can be an asset, it is not required. Nurse Next Door values passionate, hardworking, sales-oriented business owners who can build relationships and lead teams.
Nurse Next Door’s franchise investment ranges from $115,115 to $212,600 (United States), and $137,500 to $188,700 (Canada). For a detailed breakdown of the investment costs, explore the finance options page.
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