Nurse Subsequent Door Franchise Prices, Charges, Revenues, Earnings (2023 Assessment)

On this unique Franchise Chatter FDD Discuss submit, you’ll study the next:

Part I – Estimated preliminary funding (franchise prices) for a Nurse Subsequent Door franchise, primarily based on Merchandise 7 of the corporate’s 2022 FDD

Part II – Preliminary franchise charge, royalty charge, and advertising charge for a Nurse Subsequent Door franchise, primarily based on Gadgets 5 and 6 of the corporate’s 2022 FDD

Part III – Variety of franchised and company-owned Nurse Subsequent Door retailers initially of the 12 months and the top of the 12 months for 2019, 2020, and 2021, primarily based on Merchandise 20 of the corporate’s 2022 FDD

Part IV – Information updates on the Nurse Subsequent Door franchise alternative

Part V – Presentation and evaluation of Nurse Subsequent Door’s monetary efficiency representations (common revenues and/or income), primarily based on Merchandise 19 of the corporate’s 2022 FDD, together with info on the:

• common, median, excessive, and low Gross Gross sales for Months 1-12 and Month 12 for the 13 franchised Nurse Subsequent Door territories that have been in operation 12 months or longer on September 30, 2022

• common, median, excessive, and low Gross Gross sales for Months 13-24 and Month 24 for the 7 franchised Nurse Subsequent Door territories that have been in operation 24 months or longer on September 30, 2022

• common, median, excessive, and low Gross Gross sales for Months 25-36 and Month 36 for the 5 franchised Nurse Subsequent Door territories that have been in operation 36 months or longer on September 30, 2022

• common, median, excessive, and low Gross Gross sales for Months 1-12 and Month 12 for the 18 franchised Nurse Subsequent Door companies that had no less than one territory in operation for 12 months or longer on September 30, 2022

• common product sales per consumer monthly for franchised Nurse Subsequent Door companies throughout their twelfth month of operation

Part VI – Key ratios, comparables, computations, and analyses for the Nurse Subsequent Door franchise alternative (unique content material for Platinum subscribers)

Part I – Nurse Subsequent Door Franchise Prices

• Preliminary Franchise Payment:  $68,000
• Know-how Begin-Up Payment:  $8,000
• Pre-Opening Branding and Promotion:  $7,000
• Foundations Coaching Program:  $0 to $4,000
• Workplace Tools and Provides:  $500 to $3,000
• Authorized and Accounting:  $5,000 to $10,000
• Leased Premises:  $0 to $5,000
• Utility Deposits:  $0 to $500
• Native Advertising and marketing (Together with On-line):  $1,000 to $2,000
• Insurance coverage (Excluding Employee’s Compensation):  $2,500 to $4,800
• Employee’s Compensation Insurance coverage:  $2,000 to $15,000
• Crime Insurance coverage (1st and third Occasion):  $400 to $1,500
• State Bonds:  $0 to $200
• Car:  $0 to $1,000
• Computer systems and Associated Peripherals:  $500 to $3,000
• Licenses and Permits:  $200 to $5,000
• Guide and/or Director of Nursing:  $0 to $15,000
• Accreditation:  $0 to $8,500
• G-Suite Prices (entry to the know-how system used to watch caregiver attendance in actual time):  $15 to $100 (for first 3 months)
• Extra Funds for 3 to six Months/Working Capital:  $20,000 to $50,000
• Whole Estimated Nurse Subsequent Door Franchise Prices:  $115,115 to $211,600

Part II – Nurse Subsequent Door’s Preliminary Franchise Payment, Royalty Payment, and Advertising and marketing Payment

• Preliminary Franchise Payment:  $68,000
• Royalty:  5% of Gross Gross sales, topic to annual minimal royalties
• Basic Model Fund Payment:  1% of Gross Gross sales
• Native Advertising and marketing (together with on-line):  you need to spend the better of $1,000 or 2% of product sales, to a most of $2,000
• Regional Branding Cooperative:  professional rata share (primarily based on the variety of franchises within the area) of precise prices

Part III – Variety of Franchised and Firm-Owned Nurse Subsequent Door Shops

Franchised

2020

• Shops on the Begin of the 12 months:  106
• Shops on the Finish of the 12 months:  30
• Web Change:  -76*

*Word: As of August 14th, 2020, St. Joseph Well being, a big California-based well being care system, started transitioning its 42 franchised models out of the Nurse Subsequent Door system.

2021

• Shops on the Begin of the 12 months:  30
• Shops on the Finish of the 12 months:  33
• Web Change:  +3

2022

• Shops on the Begin of the 12 months:  33
• Shops on the Finish of the 12 months:  50
• Web Change:  +17

Firm-Owned

2020

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Web Change:  0

2021

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Web Change:  0

2022

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Web Change:  0

Part IV – Information Updates on the Nurse Subsequent Door Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Earnings) for the Nurse Subsequent Door Franchise (Merchandise 19, 2022 FDD)

• Nurse Subsequent Door makes the next historic monetary efficiency representations about subsets of its present franchised territories.

Half 1 – Gross Gross sales by Territory for Months 1-12

• Chart 1 under illustrates Gross Gross sales for the 12-month interval from month 1 to month 12 for territories that have been in operation 12 months or longer on September 30, 2022.

• Variety of Franchised Territories:  13
• Highest Gross Gross sales for Months 1-12:  $456,000
• Common Gross Gross sales for Months 1-12:  $191,580
• Median Gross Gross sales for Months 1-12:  $154,338
• Lowest Gross Gross sales for Months 1-12:  $56,193
• % of Franchised Territories Assembly or Exceeding Common:  38%
• Variety of Franchised Territories Assembly or Exceeding Common:  5
• Highest Gross Gross sales for Month 12:  $80,371
• Common Gross Gross sales for Month 12:  $27,673
• Median Gross Gross sales for Month 12:  $20,282
• Lowest Gross Gross sales for Month 12:  $10,201
• % of Franchised Territories Assembly or Exceeding Common:  31%
• Variety of Franchised Territories Assembly or Exceeding Common:  4

• As of September 30, 2022, Nurse Subsequent Door had a complete of fifty territories working. Chart 1 doesn’t embrace info for 18 territories that had not been in enterprise for 12 months or longer and doesn’t embrace 2 territories that didn’t have efficiency obligations for 12 months or longer.

• In an effort to mirror modifications within the business, such because the affect of COVID-19, in addition to modifications within the Nurse Subsequent Door system, Chart 1 additionally doesn’t embrace 8 territories that started operations previous to June 1, 2018. Chart 1 additionally doesn’t embrace 9 territories that the place operated by totally different franchisees through the first 3 years. It doesn’t embrace knowledge from territories that ceased operations through the related interval.

Half 2 – Gross Gross sales by Territory for Months 13-24

• Chart 2 under illustrates Gross Gross sales for the 12-month interval from month 13 to month 24 for territories that have been in operation 24 months or longer on September 30, 2022.

• Variety of Franchised Territories:  7
• Highest Gross Gross sales for Months 13-24:  $561,060
• Common Gross Gross sales for Months 13-24:  $343,636
• Median Gross Gross sales for Months 13-24:  $311,755
• Lowest Gross Gross sales for Months 13-24:  $144,314
• % of Franchised Territories Assembly or Exceeding Common:  43%
• Variety of Franchised Territories Assembly or Exceeding Common:  3
• Highest Gross Gross sales for Month 24:  $49,123
• Common Gross Gross sales for Month 24:  $30,560
• Median Gross Gross sales for Month 24:  $38,614
• Lowest Gross Gross sales for Month 24:  $7,402
• % of Franchised Territories Assembly or Exceeding Common:  57%
• Variety of Franchised Territories Assembly or Exceeding Common:  4

• As of September 30, 2022, Nurse Subsequent Door had a complete of fifty territories working. Chart 2 doesn’t embrace info for twenty-four territories that had not been in enterprise for twenty-four months or longer and doesn’t embrace 2 territories that didn’t have efficiency obligations for twenty-four months or longer.

• In an effort to mirror modifications within the business, such because the affect of COVID-19, in addition to modifications within the Nurse Subsequent Door system, Chart 2 additionally doesn’t embrace 8 territories that started operations previous to June 1, 2018. Chart 2 additionally doesn’t embrace 9 territories that the place operated by totally different franchisees through the first 3 years. It doesn’t embrace knowledge from territories that ceased operations through the related interval.

Half 3 – Gross Gross sales by Territory for Months 25-36

• Chart 3 under illustrates Gross Gross sales for the 12-month interval from month 25 to month 36 for territories that have been in operation 36 months or longer on September 30, 2022.

• Variety of Franchised Territories:  5
• Highest Gross Gross sales for Months 25-36:  $562,781
• Common Gross Gross sales for Months 25-36:  $330,418
• Median Gross Gross sales for Months 25-36:  $364,907
• Lowest Gross Gross sales for Months 25-36:  $103,409
• % of Franchised Territories Assembly or Exceeding Common:  60%
• Variety of Franchised Territories Assembly or Exceeding Common:  3
• Highest Gross Gross sales for Month 36:  $39,388
• Common Gross Gross sales for Month 36:  $24,995
• Median Gross Gross sales for Month 36:  $22,803
• Lowest Gross Gross sales for Month 36:  $9,107
• % of Franchised Territories Assembly or Exceeding Common:  40%
• Variety of Franchised Territories Assembly or Exceeding Common:  2

• As of September 30, 2022, Nurse Subsequent Door had a complete of fifty territories working. Chart 3 doesn’t embrace info for 26 territories that had not been in enterprise for 36 months or longer and doesn’t embrace 2 territories that didn’t have efficiency obligations for 36 months or longer.

• In an effort to mirror modifications within the business, such because the affect of COVID-19, in addition to modifications within the Nurse Subsequent Door system, Chart 3 additionally doesn’t embrace 8 territories that started operations previous to June 1, 2018. Chart 3 additionally doesn’t embrace 9 territories that the place operated by totally different franchisees through the first 3 years. It doesn’t embrace knowledge from territories that ceased operations through the related interval.

Half 4 – Gross Gross sales by Franchised Enterprise for Months 1-12

• Chart 4 under illustrates Gross Gross sales for the primary 12-month interval for the territories of franchised companies from month 1 to month 12 and had no less than 1 territory in operation for 12 months or longer on September 30, 2022.

• Variety of Franchised Companies:  18
• Highest Gross Gross sales for Months 1-12:  $456,000
• Common Gross Gross sales for Months 1-12:  $193,116
• Median Gross Gross sales for Months 1-12:  $177,943
• Lowest Gross Gross sales for Months 1-12:  $3,640
• % of Franchised Companies Assembly or Exceeding Common:  44%
• Variety of Franchised Companies Assembly or Exceeding Common:  8
• Highest Gross Gross sales for Month 12:  $80,371
• Common Gross Gross sales for Month 12:  $29,135
• Median Gross Gross sales for Month 12:  $24,660
• Lowest Gross Gross sales for Month 12:  $0
• % of Franchised Companies Assembly or Exceeding Common:  44%
• Variety of Franchised Companies Assembly or Exceeding Common:  8

• As of September 30, 2022, Nurse Subsequent Door had a complete of 29 franchised companies working. A franchised enterprise means a franchisee who has a number of areas. Half 4 doesn’t embrace 11 franchised companies that had not been in enterprise for 12 months or longer. On common the franchised companies in Chart 4 are working 1.8 territories. It doesn’t embrace knowledge from franchised companies that ceased operations through the related interval.

Half 5 – Gross Gross sales Per Shopper Per 12 Month

• As of September 30, 2022, the “common Gross Gross sales per consumer monthly” for franchised companies throughout their twelfth month of operation was $2,147.

• There was no materials change to the data offered on this Merchandise 19 because of COVID-19.

Half 6 – Different Info

• The information above has not been ready in accordance with usually accepted accounting rules. The figures have been compiled from knowledge obtained from the franchisees utilizing a centralized scheduling system of reporting and will range month to month.

• Some franchise companions have earned this quantity. Your particular person outcomes might differ. There is no such thing as a assurance you’ll earn as a lot.

• Gross Gross sales means all gross sales generated by way of the Franchised Enterprise and consists of charges for any companies offered by you, and all different revenue associated to the Franchised Enterprise. Gross Gross sales doesn’t embrace any gross sales tax that you simply accumulate from prospects and pay to any taxing authority. Gross Gross sales additionally doesn’t embrace the quantity of any refund or credit score given in good religion by you in respect of any companies, or merchandise returned or exchanged by a buyer, offered that the unique promoting worth was included in Gross Gross sales.

• These figures don’t mirror the prices of gross sales, working bills, or different prices or bills that have to be deducted from the gross income or product sales figures to acquire your internet revenue or revenue.

Part VI – Nurse Subsequent Door Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️