College Nannies, Sitters and Tutors

College Nannies, Sitters and Tutors

Nanny placement, babysitting
Find out what franchise is right for you
2021 Franchise 500 Rank
#274 Ranked #260 last year
See the Full List
Initial investment
$105K - $158K
Units as of 2020
193 31.3% over 3 years

Company Overview

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.

About College Nannies, Sitters and Tutors

Related Categories
Childcare, Tutoring, Staffing/Recruiting
Founded
2001
Parent Company
Bright Horizons Family Solutions Inc.
Leadership
Joe Loch, Brand President
Ticker Symbol
BFAM

Franchising Overview

Franchising Since
2005 (16 years)
# of employees at HQ
16
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
193 (as of 2020)

Franchisor Information

Corporate Address
2655 W. Midway Blvd., #330
Broomfield, CO 80020

Information for Franchisees

Here’s what you need to know if you’re interested in opening a College Nannies, Sitters and Tutors 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 - $158,000
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.

Third Party Financing
College Nannies, Sitters and Tutors has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, 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-ops
Newsletter
Meetings & Conventions
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
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

Franchise 500 Ranking History

Compare where College Nannies, Sitters and Tutors landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where College Nannies, Sitters and Tutors ranked on other franchise lists? Find out below.

Ranked #274

Franchise 500 Ranking

Ranked #47

Top Franchises for Less Than $150,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021