Franchise Deep Dive: Next Day Access Franchise Costs, Fees, Profit and Data

Next Day Access is a nationally recognized franchise brand offering accessibility and mobility solutions, with a focus on franchisee profitability and operator perspective.

Read the original at 1851 Franchise
Franchise Deep Dive: Next Day Access Franchise Costs, Fees, Profit and Data

TL;DR

Next Day Access is a nationally recognized franchise brand offering accessibility and mobility solutions with over 30 locations across the U.S. and Canada. The initial investment required to open a Next Day Access franchise ranges from $144,225 to $261,500.

Next Day Access is a North American-based provider of accessibility and mobility solutions for residential and commercial settings. It sells, delivers and installs products such as wheelchair ramps and platform lifts.

Company history

Next Day Access was founded in 2010 as a way to improve people’s lives by allowing them to age in place peacefully. The brand began offering franchise opportunities in 2013. Since then, it has grown to a nationally recognized franchise brand. In fact, Next Day Access has been recognized by Franchise Journal for being a “Top Franchise Brand” three years in a row.

As of December 2023, there are more than 30 Next Day Access franchise locations across the U.S. and Canada.

Next Day Access’ business model is focused on providing mobility and accessibility products and services to customers throughout North America. The brand’s team of experts sell, deliver and install products such as grab bars, Americans with Disabilities Act (ADA) toilets, patient ceiling lifts, vertical platform lifts, and stairlifts to a wide variety of residential and commercial clients, including private homes, churches and colleges.

“Our purpose is to provide the aging population, individuals living with a disability permanently or temporarily, veterans, and businesses with accessibility and mobility solutions,” the brand wrote on its website. “The solutions we offer allow customers to remain comfortable, safe, and independent in their homes or in a business.”

Franchise benefits

Next Day Access lists the following benefits to operating one of its franchises:

  • Modest investment

  • Dynamic internal marketing

  • Field support

  • In-house training

  • National accounts

  • Recession resistant

  • Sustainable growth industry

  • Multiple income streams

Next Day Access does not require its franchisees to have prior industry experience, as it offers ample initial and ongoing training on its products. It also hosts regular, informative webinars to keep owners up to date. The ideal franchisee should be someone who wants to give back to their community and has a “heart for helping people.”

“We are in an industry that is rewarding and profitable. We look for owners who have business acumen, are ambitious and resourceful, and strive to take the extra step to be more than great.”

According to Next Day Access’ most recent Franchise Disclosure Document (FDD), in 2021, the top earning franchises saw an average gross revenue of $2,527,254.

Investment costs

As of the publishing of this story, the initial investment required to open a Next Day Access franchise ranges from $144,225 to $261,500. This investment is broken down into the following costs:

  • Initial Franchise Fee: $43,200 to $48,000

  • Excess Territory/Population Fee: $2,000 to $50,000

  • Real Estate and Leasehold Improvements: $0 to $1,000

  • Signs and/or Vehicle Wraps: $3,200 to $5,000

  • Initial Inventory: $20,000

  • Vehicle Maintenance: $5,800 to $6,600

  • Vehicle 12-Month Lease/Purchase: $7,200 to $12,000

  • Vehicle Insurance: $1,125 to $1,500

  • Tools: $500 to $2,000

  • Office Equipment and Supplies: $2,900 to $4,900

  • Startup Marketing/Opening Advertising and Promotion: $5,000

  • Insurance Premiums for First Year: $1,200 to $5,000

  • Professional Fees: $1,000 to $2,000

  • Licenses and Permits: $100 to $500

  • Training Expenses: $1,000 to $3,000

  • Working Capital: $50,000 to $100,000

Interested candidates must also have a minimum net worth of $250K and at least $50K in liquid capital.

The initial franchise fee required to open a Next Day Access franchise ranges from $43,200 to $48K. Interested candidates must also have a minimum net worth of $250K and at least $50K in liquid capital.

  • Dave Clark — President

  • Brian Clark — COO

  • Paul Clark — CFO

  • Gordon Doolittle — Director of Corporate Services

  • Loralee Bronte — Director of Marketing

  • Chris Diehl — Director of Business Development

  • Nathan Lewis — Director of Workers’ Compensation Services

  • Mike Gardner — Manager of Franchise Sales

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All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

In this story

This story was originally published in 1851 Franchise on January 1, 2024. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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