
College Nannies + Sitters
Childcare, nanny placement, babysitting- 2022 Franchise 500 Rank
-
N/R Ranked #274 last year
- Initial investment
-
$105K - $163K
- Units as of 2022
-
188 1% over 3 years
Here’s what you need to know if you’re interested in opening a College Nannies + Sitters franchise.
College Nannies + Sitters, founded in 2000, is a professional childcare company. Owned by Bright Horizons, the company offers nanny and professional babysitting services to those who need them. Just search "online nanny service," and you may find a smattering of competitors. But College Nannies + Sitters has built its system to stand out among the rest.
Since the company started, its professional nannies and babysitters have enabled people to go about their lives while still caring for their families. From helping parents balance their work-home lives to assisting students in passing their exams, College Nannies+ Sitters has serviced their communities around the nation.
Why You May Want to Start a College Nannies+Sitters Franchise
If you love the idea of providing essential services to the community, then a College Nannies + Sitters franchise may be for you. You don't need experience in child care, and the company does not require you to have a college degree.
However, the franchise does lend itself to executives looking to move away from their corporate jobs, people who love working with kids, and couples working towards retirement. It may also be a great option for working parents who need more freedom to be with their kids.
Overall, no matter the professional background, the perfect College Nannies + Sitters franchisee has a passion for helping others, their community, and a knack for business. The company has set up its business model to help franchisees find qualified professionals while managing the business end of things. College Nannies + Sitters will train franchisees and offer them ongoing support.
What Might Make a College Nannies + Sitters Franchise a Good Choice?
College Nannies + Sitters is a top nanny service company in the U.S. The company also likes to leverage industry trends, which may open up the possibility of capitalizing on newer nannying and tutoring techniques.
College Nannies + Sitters has carved out a niche as a family-oriented service business with year-round clients. And with such a large demographic to target—children and parents—the chances of bringing in clients at any point during the year are typically high.
How Do You Open a College Nannies + Sitters Franchise?
To be part of the College Nannies + Sitters team, you should make sure you're financially ready for an initial investment that will include a franchise fee and other startup costs. You should also make sure you are ready to commit to your community and work with private clients daily.
To prepare to become a franchisee, you'll review their recruiting and marketing strategies to see how they will help build your business, and after that, you'll go through a validation process. Their executives may review your application to see if you fit the company.
If both parties agree to continue with the process, you will meet the team to help establish your business once you have signed on board. You will then go through training before you open your doors to your community of eager learners.
Company Overview
About College Nannies + Sitters
- Industry
- Children's Businesses
- Related Categories
- Childcare, Staffing/Recruiting, Tutoring, Children's Education/Enrichment
- Founded
- 2001
- Parent Company
- Bright Horizons Family Solutions Inc.
- Leadership
- Joe Loch, Brand President
Franchising Overview
- Franchising Since
- 2005 (17 years)
- # of employees at HQ
- 30
- Where seeking
-
This company is seeking new franchisees throughout the US.
- # of Units
- 188 (as of 2022)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a College Nannies + Sitters franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $45,000
- Initial Investment
- $105,000 - $163,000
- Net Worth Requirement
- $350,000
- Cash Requirement
- $60,000
- Royalty Fee
- 5%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- College Nannies + Sitters offers in-house financing to cover the following: franchise fee
- Third Party Financing
- College Nannies + Sitters has relationships with third-party sources which offer financing to cover the following: startup costs, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 90 hours
- Classroom Training
- 32 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 1
- Are exclusive territories available?
- Yes
Interested in franchise ownership like College Nannies + Sitters? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where College Nannies + Sitters landed on this year’s Franchise 500 Ranking versus previous years.
Stock History for College Nannies + Sitters
Ticker Symbol for College Nannies + Sitters: BFAM
Additional Rankings
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