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Nurse Next Door franchise financing options

Compare costs, fees and where to get financing for a Nurse Next Door.

Overall costs for Nurse Next Door run anywhere from $63,700 to $77,500. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Nurse Next Door franchise may result in higher or lower fees.

Franchise fees

Nurse Next Door franchise fees total around $58,000, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $58,000 to $58,000
Royalty 5% of Gross Sales, subject to annual minimum royalties.
Estimated total $58,000 to $58,000

Equipment fees

Equipment fees total $2,250 for Nurse Next Door. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Office equipment and supplies $500 to $3,000
Vehicle $0 to $1,000
Estimated total $500 to $4,000

Real estate fees

Real estate will set you back $250 for Nurse Next Door, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Utility deposits $0 to $500
Estimated total $0 to $500

Licenses and permits costs

Nurse Next Door initial licenses and permits will set you back $2,600. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Licenses and permits $200 to $5,000
Estimated total $200 to $5,000

Administrative fees

Nurse Next Door administrative fees total up to $7,500 — which comes in over the overall nationwide average of $6,761.
Admin Cost
Legal and accounting $5,000 to $10,000
Audit All actual costs and expenses associated with the audit (approximately $1,500 to $5,000) plus a $10,000 fine in certain cases.
Estimated total $5,000 to $10,000
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Nurse Next Door is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Nurse Next Door franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Nurse Next Door about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $70,600 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

Consider one of the following options for covering a portion of the costs to open a Nurse Next Door.
  • Online loan. For a turnaround that's faster than a bank, an online business loan could be the way to go. Credit requirements are often more flexible than those of traditional bank loans, too.
  • Credit card. Using a business credit card allows you to spend up to your preapproved limit. This means if extra expenses pop up, you can likely cover them without having to take out another type of financing.
  • Bank loan. If you have stronger credit — typically a score of 670 or higher — a traditional bank loan may get you a more favorable interest rate than a credit card or online loan.
  • SBA loan. Qualifying for an SBA loan is easier than a traditional bank loan, but it typically comes with fees and higher interest rates.
Also check if Nurse Next Door franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $63,700. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
OnDeck short-term loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
National Funding business loans
$5,000
$500,000
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
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How Nurse Next Door stacks up

Compare how Nurse Next Door holds up against two similarly sized franchises.
TSS Photography Nurse Next Door WIN Home Inspection
Average Franchise fees $24,500 $58,000 $18,288
Average Equipment fees $2,000 $2,250 $1,700
Average Real estate fees $75 $250 NA
Average Training fees $1,000 NA NA
Average Inventory fees NA NA NA
Average Marketing fees NA NA NA
Average Licenses and permits fees NA $2,600 NA
Average Insurance fees NA NA NA
Average Admin fees NA $7,500 NA
Average Personnel fees NA NA NA
Average Other fees $4,250 NA NA

Bottom line

Nurse Next Door franchise costs run a total of $70,600. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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