Verified — real FDD extraction
Not found in the SBA Franchise Directory under this name — though SBA loans to its franchisees exist; verify eligibility with your lender
NURSE NEXT DOOR
Senior Care · independent · est. —
Nurse Next Door is a non-medical and personal home-care service for seniors and others needing assistance. Caregivers help clients in their homes with companionship, daily activities, personal care, and respite. A franchisee runs a home-care agency, recruiting caregivers and coordinating client care schedules.
NURSE NEXT DOOR net unit count grew +46.0% from 2022–2024 per its FDD Item 20.
New to franchising? Start here
A franchise is a business where you (the franchisee) pay a company (the franchisor) for the right to open and run a location using their brand and system — think a local Anytime Fitness or Taco John's owned by a small-business owner, not the corporation.
Before you can buy in, U.S. law requires the franchisor to give you a Franchise Disclosure Document (FDD) — a long legal filing covering its fees, finances, and history. The numbers on this page come straight from that document:
- Franchise fee — the one-time cost to buy in.
- Royalty — the ongoing cut of your sales you pay the franchisor.
- Item 20 — how many locations opened and closed, the basis for our verdict (from Proven & strong down to Distressed — or Too new to judge).
The verdict
Proven & steady
Distress
A real track record with an unremarkable region of the ledger: neither the growth nor the exits stand out, for better or worse. The main concern in the record: owners are leaving at a high rate.
Exit rate · latest year
25.7%
vs 5.6% across 20 senior care systems
Cost to open
$119K–$216K
Item 7 total investment range
SBA loan defaults
42.3%
26 loans resolved — directional only
Behind the verdict
the record, factor by factor · Item 20
3-yr trend · Item 20 Table 1
terminations + ceased-ops vs. all exits · Table 3
transfers vs. base · Table 3
actual vs. projected openings · Table 5
Item 19 disclosure + completeness
Systemwide units
2022–2024
Survival record
FDD Item 20 · outlet status by year
In fiscal 2024, 19 of 74 franchised outlets left the system — a 25.7% annualized exit rate, vs 5.6% across 20 senior care systems. Not every exit is a failure — but this is the measurable floor.
Show the outlet tables ↓Hide the evidence ↑
| Status (FTC) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Outlets at start | 33 | 50 | 74 |
| Opened | 21 | 30 | 18 |
| Transfers | 10 | 1 | 6 |
| Terminations | 2 | 2 | 8 |
| Non-renewals | 0 | 0 | 1 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 2 | 4 | 10 |
| Outlets at end | 50 | 74 | 73 |
| Net change | +17 | +24 | -1 |
The lender's view
SBA 7(a)/504 loan performance · FY1991–present
Banks have made 58 SBA-backed loans to NURSE NEXT DOOR franchisees since 2013. Only 26 have resolved so far — too thin for a reliable default rate, but 11 of them charged off.
—
26 resolved · too thin to rate
—
avg. charged-off $ ÷ approved $
—
default rate × loss severity
$195,535
what recent franchisees borrowed
24 mo
approval → charge-off, defaulted loans
7 vs 7
distinct banks still lending
Charge-off rate by loan approval year (%)
Loan performance by state
SOURCE: SBA 7(a)/504 FOIA LOAN DATA (DATA.SBA.GOV), FY1991–PRESENT · MATCHED TO NURSE NEXT DOOR BY FRANCHISE NAME · RESOLVED = CHARGED-OFF + PAID-IN-FULL
The owner's side of the deal
FDD × federal loan record
Who finances it
Cdc Small Business Finance Corp.
49.1% of this brand's loans
Who buys it
87.3%
first-time franchise owners
The rest already owned at least one other franchise. Across the corpus, brands bought mostly by repeat operators charge off at roughly 10% versus 17% for brands sold mostly to newcomers.
Does experience help here?
Not enough resolved loans to split
Computed from 58 SBA 7(a)/504 loans to NURSE NEXT DOOR franchisees joined to the brand's own FDD. Debt service assumes level amortization at the average disclosed term and rate. A lender's rate excludes its loans to this brand, so it reads the lender, not the brand.
What it costs — and what it drags
FDD Items 5–7 · fees, investment, royalty
Buying in means a $72K franchise fee (Item 5) and a total investment of $119K–$216K (Item 7). The franchisor publishes an earnings claim (Item 19) — read its methodology closely.
To open (Item 7)
$119K–$216K
all-in investment range
Franchise fee (Item 5)
$72K
upfront, one-time
Royalty (Item 6)
5%
of sales, ongoing
Your figure — cross-check against this brand's Item 19 and current-owner validation.
Royalty you'd pay / yr
$50K
5% of sales, before profit
Over a 10-yr term
$500K
royalties alone, excl. ad fund
This is not profit. It's the only money the FDD actually pins down — what you put in, and the royalty you owe on every dollar of sales. Your real take-home depends on labor, rent, food cost, and ramp-to-breakeven, none of which any FDD discloses.
Build a real pro-forma for NURSE NEXT DOOR with an independent CPAModeled risk
FDD Risk Score · modeled from the public record
Modeled from the public record, this brand looks riskier than 78% of systems we score.
Risk percentile
78 / 100
Loan-corroborated
Modeled SBA charge-off
17.0%
Observed SBA charge-off
42.3%
Top drivers: Item 20 exit rate (raises) · Single-lender dependence (lowers) · System size (log units) (raises) · Investment ceiling (log) (raises). 15+ resolved loans stand behind this estimate. A linear scorecard built from this brand's own disclosure figures plus the federal loan record behind its franchisees; full spec and cross-validated accuracy on the methodology page. A score is context, not a verdict.
Distress signals
news-sourced · bankruptcies, closures, lawsuits
CourtListener/RECAP · 25mo ago
CourtListener/RECAP · 25mo ago
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing NURSE NEXT DOOR's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →NURSE NEXT DOOR franchise questions, answered from the filings
What percentage of NURSE NEXT DOOR franchises closed last year?
In NURSE NEXT DOOR's latest FDD Item 20 (fiscal 2024), 19 of 74 franchised outlets left the system — an annualized exit rate of 25.7% — compared with 5.6% across 20 senior care systems tracked here. That counts terminations, non-renewals, and "ceased operations — other reasons." There is no official failure rate, and not every exit is a failure, but this is the measurable floor.
How much does a NURSE NEXT DOOR franchise cost?
Per NURSE NEXT DOOR's 2024 FDD, buying in requires an initial franchise fee of $72K (Item 5) and a total initial investment of $119K–$216K (Item 7).
What royalty does NURSE NEXT DOOR charge?
NURSE NEXT DOOR charges an ongoing royalty of 5.0% of gross sales, per Item 6 of its 2024 FDD.
Does NURSE NEXT DOOR disclose earnings (Item 19)?
Yes — NURSE NEXT DOOR makes a financial performance representation in Item 19 of its 2024 FDD. Read it closely: franchisors choose which units and which metrics to include.