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Entrepreneur: Start & Grow Your Business

Absolute Best Care Nanny Agency

Nanny placement agency

Background

Founded: 2002 Franchising since: 2006
274 Madison Ave.
New York, New york 10016
Phone:
(212)481-5705


Franchisor is a privately-held company with 8 employee(s); 2 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 5 0 0 2
2008 -- -- -- --
2007 6 0 0 2
2006 3 0 0 2
2005 N/A N/A N/A N/A

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

Exclusive territories available.

Costs and Fees

Total investment: $65K-72K
Franchise fee: $49K
Ongoing royalty fee: 8.5%
Term of agreement: 5 years


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $200K
Cash liquidity requirement: $75K
Business Experience:
  • General business experience

Operations
  • Franchise can be run from home
  • Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: 1 site visit

Ongoing Support
  • Toll-free phone line
  • Grand opening
  • Internet
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising