College Nannies and Tutors

College Nannies and Tutors

College Nannies and Tutors
Not Ranked

Initial Investment

LOW: $149,000
HIGH: $224,500

Change in Units

+21.1% +20 UNITS (1 Year)
+24.2% +23 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

2001

Franchising Since

2005 (11 Years)

Corporate Address

6465 Wayzata Blvd. Minneapolis, MN 55426

CEO

Joe Keeley

About College Nannies and Tutors

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.

Financials

Financial Requirements

Initial Investment

$149,000 - $224,500

Net-worth Requirement

$500,000

Liquid Cash Requirement

$60,000

Ongoing Fees

Initial Franchise Fee

$39,500

Ongoing Royalty Fee

5%

Ad Royalty Fee

1%

Financing Options

College Nannies and Tutors has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs

Franchise 500® Rank History

Highest Rank: 224

Lowest Rank: 432

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training Onsite: 8 weeks

Training at headquarters: 1 week

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 2 - 3

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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: May 26th, 2016

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Previous Years Rankings

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