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Updated RecentlyNurse Next Door vs The Haven Family Care Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Nurse Next Door vs The Haven Family Care including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $105,100 - $199,300 | N/A |
| Franchise Fee | $55,000 | $15,000 |
| Royalty Fee | 5% | - |
| Advertising Fee | 1% | - |
| Year Founded | 2001 | - |
| Year Franchised | 2007 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/Yes | -/- |
| Payroll | -/Yes | -/- |
Training & Support |
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| Training | 1 week plus ongoing support | At The Haven headquarters in Raleigh, North Carolina we train you on everything you'll need to build a solid foundation in the business. Additionally, we give you extensive ongoing training in your own location on effective and precise operational procedures. Most importantly, our senior staff will personally stand by your side to assist you in implementing our proven method for regional business development through networking, PR, local advertising campaigns and direct interaction with business owners and management groups in your area. The result; we will teach you all the skills you need to build a strong regional presence for your assisted living franchising business! |
| Support | We are fanatical about our support When we launched our franchise system, we researched every great franchise company. We mapped out the ultimate support model based on our findings. Many competitors are woefully lacking in this area. Even the ones that are good at training often leave their franchisees alone once it's complete. We also knew you couldn't learn this business in a 1-week training program. As a result, we developed our intensive business-coaching program. When you join our family, you are assigned a coach. Your coach will walk you through the start up process step-by-step as you grow the business from start up to fully-operational. Once you have been operational for 1 year, the relationship evolves into more of an analysis of specific functions. Your call (now every 2 weeks) will delve into aspects of your business to help you get better. | Professional, personal relationship management skills necessary to achieve your goals in building your senior care business. Our support services will provide you with years of accumulated knowledge and expertise through the following individualized support elements: Regional target customer referral identification Senior staff onsite support Direct business development assistance � broker relationships Corporate Website Management SEO for Regional Toll-free technical support Networking with strategic partners and management team members Professional management software Operations manuals Technical data and forms PR and Publicity |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | No |
| Canada Expansion | Yes | - |
| International Expansion | Yes | - |
Company Overviews
About Nurse Next Door
Culture is our secret weapon.
This is where we really stand out. Named a top employer both locally and nationally - we get the people business. You will not find another health care organization like us.
Our culture has made us a brand to be reckoned with. Culture is why we are becoming famous for our legendary customer service. Having a top culture will help you attract talent - because people will love working for you - and clients as a result.
We make it easy
Running a homecare business is challenging. It's highly administrative with a lot of employees who change schedules daily, servicing clients whose schedules and needs also change daily. And this happens 7 days a week. It's no wonder so many home care business owners burn out before they can achieve maximum success.
We handle the scheduling needs for you 24/7.
You can rest your head on your pillow at night and not worry about the phone ringing. You don't have to spend your weekends scheduling - we want you rested so that you hit Monday morning fresh. You'll be able to focus on building your business, not maintaining it.
We are the ONLY company in the world that provides this service to their franchise partners.
Meet your Franchise Support Team:
* The Start Up Specialist - To help you through the first year of operations
* The "Grow Right, Grow Fast" Coach - To help the more seasoned partners transition from start up to building a more strategic business
* The Business Intelligence Coach - To help you focus on the metrics and financial performance of your business when you need it. (AKA the "help you make more money" coach)
* The PR professional - Dedicated to help you (and the brand) land media opportunities in print, radio, television and online
* The Analytics Team - To analyze your business performance and help you through key decisions as you scale your business
* The "Accelerate" Business Coach - For when you need that extra push and in-depth strategy to get you through a challenging cycle
This doesn't even include our founders and the support they will provide -try finding a company our size that does that!
Testimonial
" Being a part of Nurse Next Door has been so great for both of us. The culture of Nurse Next Door is contagious, and our core values are so easy to live in our business and our everyday life. Owning this business has allowed us to both do what we love and still have an exceptional work-life balance."
-Todd and Amanda Carwell, Edmonton, AB
Interested parties should have at least $100K to invest.
Veteran Incentives 10% off franchise fee
#206 in Franchise 500 for 2020.About The Haven Family Care
The Haven has an impressive potential ROI for a franchise owner. With low overhead, a low start-up cost for a business and applicability in just about any market, the concept is financially sound. A franchise owner after five years in business is projected to do $323,960 in revenue with EBITDA of $65,949 in addition to an operator salary of $56,275. These numbers are extremely impressive in the franchise marketplace and will help make The Haven brand much more marketable and sustainable. We of course will not be guaranteeing any success or levels of profitability, but with a large margin for error, a franchisee can be much less effective than we have projected and still have a successful business. 20 percent ROI plus manager's salary - The rule in the franchise industry is that the business model should be able to do at least a 20% ROI by the end of the second year in business. The Haven model easily allows for this standard with EBITDA in year two at $55,894 and 46% ROI on cash for a franchisee by the end of the second year. Financially speaking, this model is as solid and attractive of an offer as you can find in the franchise marketplace. Operationally sound - The Haven model is operationally structured to be efficient and simple in nature allowing for ease of duplication in new markets. The corporate location of The Haven will be used as a goal and ideal example of what this franchise can become. With good management and the guidance of The Haven's franchise program, a franchisee can strive to build an organization as well-managed and structured as the business in Raleigh, NC. Adaptable nationally - The Haven model is certainly adaptable nationally, the concept is almost indiscriminant of the market it is located in. In all markets, the concept has been very successful and proven the sturdiness of The Haven concept. In most parts of the U.S., the population of seniors is increasing as well as the number of disabled people who need home care services. This is a booming market that with good marketing and motivated franchisees could work just about anywhere it seems. Public acceptance - The American public wants to be at home when they need extra care. The idea of going to a nursing home or assisted living facility is generally looked down upon. The key will be for The Haven to continue to provide professional, high-quality service with a focus on truly providing great care to the Residents. That will continue to build brand equity and value for The Haven throughout the franchise system.