College Nannies, Sitters and Tutors
Nanny-placement, babysitting, tutoring
College Nannies, Sitters and Tutors
Nanny-placement, babysitting, tutoring
About
Founded
2001
Franchising Since
2005 (13 Years)
Corporate Address
6465 Wayzata Blvd.
Minneapolis, MN 55426
CEO
Joe Keeley
Parent Company
Bright Horizons Family Solutions Inc.
Ticker Symbol
Financial Requirements
Initial Investment ⓘ
$134,500 - $227,000
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 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
On-The-Job Training:
90 hours
Classroom Training:
40 hours
Absentee Ownership Allowed
Number of Employees Required to Run:
2 - 3
College Nannies, Sitters and Tutors is ranked #56 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 - $134,500
High - $227,000
Units
+31.3%+35 UNITS (1 Year)
+96.0%+72 UNITS (3 Years)
Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.
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