College Nannies & Tutors
Nanny & tutoring servicesBackground
Founded: 2001 Franchising since: 2005
Franchisor is a privately-held company with 7 employee(s); 6 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Australia/new zealand, Canada, Western europe
Exclusive territories available.
Territory size: Minimum population of 50K
|
1415 Wayzata Blvd. East Wayzata, Minnesota 55391 |
Phone: (952)476-0262 |
Franchisor is a privately-held company with 7 employee(s); 6 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 51 | 0 | 0 | 0 |
| 2008 | 39 | 0 | 0 | 0 |
| 2007 | 20 | 0 | 0 | 0 |
| 2006 | 8 | 0 | 0 | 0 |
| 2005 | 4 | 0 | 0 | 0 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Australia/new zealand, Canada, Western europe
Exclusive territories available.
Territory size: Minimum population of 50K
Costs and Fees
|
Total investment: $40K-154K Franchise fee: $25K/35K |
Ongoing royalty fee: 5% Term of agreement: 10 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | Yes |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | Yes |
| Payroll | No | Yes |
Qualifications
Net worth requirement: $200K
Cash liquidity requirement: $25K
Business Experience:
- Industry experience
- General business experience
- Marketing skills
- Willingness to learn
Operations
- Franchise can be run from home
- Number of employees needed to run franchised unit: 2 - 2
- Absentee ownership of franchise is NOT allowed.
Training and Support
Training
Ongoing Support
Marketing Support
Other marketing support
- 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
Marketing Support
- Co-op advertising
- Ad slicks
- National media
- Regional advertising
Other marketing support
- Proprietary online resource center
Rankings
Franchise 500® rank:
#315 (2009);
Low-Cost Franchises:
#73 (2009);
Top New Ranking:
#20 (2009);
Top Home Based Franchises:
#90 (2009);
#315 (2009);
Low-Cost Franchises:
#73 (2009);
Top New Ranking:
#20 (2009);
Top Home Based Franchises:
#90 (2009);