Franchises /Business Services /Staffing Services

College Nannies & Tutors

At a Glance

Products & Services: Nanny & tutoring services

Number of Locations: 80

Total Investment: $152.2K - 209.2K

Founded: 2001

Began Franchising: 2005

About College Nannies & Tutors

In the summer of 2000, business school student Joseph Keeley took a job as a nanny in Edina, Minnesota. He recognized a need for a service to connect parents with safe and reliable nannies and tutors, so he created College Nannies & Tutors in 2001 to help match families with college students, graduates and teachers. Based in Wayzata, Minnesota, the company began franchising in 2005.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2012	80	0	0	0
2011	78	0	0	0
2010	66	0	0	0
2009	51	0	0	0

Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $152,200 - $209,200
Franchise Fee: $35,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable

Financial Requirements

Net Worth: $400,000
Liquid Cash Available: $50,000

Operations

Number of employees needed to run franchised unit: 2 - 2. Absentee ownership of franchise is NOT allowed..

Financing Type	In-House	Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 1 week.

Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation

Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Other marketing support: Proprietary online resource center