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Franchise: College Nannies, Sitters and Tutors

Initial Investment
LOW:$151,500
HIGH: $228,000
Change in Units
+17.9% +17 UNITS (1 Year)
+55.6% +40 UNITS (3 Years)

Ongoing Support
Meetings
Grand Opening
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Training at headquarters: 48 hours

Absentee Ownership Allowed

Number of employees required to run: 2 - 3

About College Nannies, Sitters and 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.

Founded

2001

Franchising Since

2005 (12 Years)

Corporate Address

6465 Wayzata Blvd. Minneapolis, MN 55426

CEO

Joe Keeley

Parent Company

Bright Horizons Family Solutions Inc.

Ticker Symbol

Units (Locations)

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

Financial Requirements

Initial Investment

$151,500 - $228,000

Net-worth Requirement

$500,000

Liquid Cash Requirement

$60,000

Ongoing Fees

Initial Franchise Fee

$45,000 - $45,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

2%

Financing Options

College Nannies, Sitters and Tutors has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 9th, 2017

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