College Nannies, Sitters and Tutors
#260 Franchise 500| Nanny-placement, babysitting

College Nannies, Sitters and Tutors
Nanny-placement, babysitting

About
Founded

2001

Franchising Since

2005 (15 Years)

Corporate Address

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

Leadership

Joe Loch, Brand President

Parent Company

Bright Horizons Family Solutions Inc.

Ticker Symbol

BFAM

Financial Requirements
Initial Investment

$105,000 - $158,000

Net-worth Requirement

$350,000

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 offers in-house financing to cover the following: franchise fee

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

Support Options
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

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

90 hours

Classroom Training:

32 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

1

College Nannies, Sitters and Tutors is ranked #260 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $105,000 High - $158,000
Units
+1.6%+3 UNITS (1 Year) +70.5%+79 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.

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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: September 16th, 2020