College Nannies, Sitters and Tutors

Nanny-placement, babysitting, tutoring

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About

Founded

2001

Franchising Since

2005 (14 Years)

Corporate Address

6465 Wayzata Blvd.
Minneapolis, MN 55426

CEO

Joseph C. Loch

Parent Company

Bright Horizons Family Solutions Inc.

Ticker Symbol

BFAM

Financial Requirements

Initial Investment ⓘ

$105,000 - $173,000

Net-worth Requirement ⓘ

$500,000

Liquid Cash Requirement ⓘ

$60,000

Ongoing Fees

Initial Franchise Fee ⓘ

$45,000 - $45,000

Ongoing Royalty Fee

Ad Royalty Fee

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 #138 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 - $173,000

Units

+27.9%+41 UNITS (1 Year) +97.9%+93 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

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

Franchise Financing

Using 401(K)/IRA Funds

Tax Penalty-Free
Debt Free
Expert Guidance

Learn More

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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: April 24th, 2019

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