FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
FranNet Verified BrandFranchise Costs
| Liquid Capital Required: | $60,000 |
| Net Worth Required: | $350,000 |
| Total Investment: | $105,000 - $173,000 |
| Franchise Fee: | $45,000 |
| Royalty Type: | 5% |
Franchisee Options
| Financing: | Via 3rd party |
| Training: | Available |
| Veteran Discount: | No |
Franchisor Details
| Incorporated Name: | COLLEGE NANNIES & TUTORS DEVELOPMENT, INC. |
| Total Units: | 190+ |
| Year Founded: | 2001 |
| Franchising Since: | 2005 |
| Home Office: | Minneapolis, Minnesota |
About College Nannies+Tutors
A full-service, family-focused staffing firm, College Nannies and Tutors specializes in placing nannies, babysitters, college prep tutors, and homework helpers with families that need those services. Our franchise owners provide a reliable one-stop-shop for the childcare and tutoring needs of families in our communities. By offering both services together we eliminate the seasonality commonly associated with these industries, providing an opportunity for cross-sales and repeat revenue.
Values & History
Our core mission is to build stronger families in our communities by providing strong role models from cradle to college. Founded in 2001 our brand has been franchising since 2005 and today we have more than 80 operational units around the country. Our dedication to family and community extends to franchise owners, and the results speak for themselves, from our award-winning service to our seemingly endless chain of five-star reviews.
Industry Performance
According to the US Census, there are more than 74 million children under the age of 18, projected to grow by more than half a million more per year, marking a clear opportunity in our market segment of childcare and private tutoring services. Fragmentation within the industry opens the path for a nationally recognized and trusted brand to step in and provide those services for families looking for reliability, dependability, and transparency.
Purchasing a College Nannies+Tutors Franchise
Prospective franchise owners will need a minimum net worth of $400,000 and at least $50,000 in liquid assets to apply. The total expected initial investment is typically somewhere between $152,000 and $209,000, with financing options available to those who qualify.
Ideal Candidate & Qualifications
College Nannies and Tutors is currently seeking franchisee business partners nationwide that possess the desire and ability to grow single or multiple retail units within large protected territories. Prospective entrepreneurs who are outgoing, energetic, and motivated are preferred. Experience with staffing, sales, or marketing is ideal, and those who can build relationships and effectively lead a team are often the most successful.
Training & Support
Starting a franchise under the College Nannies and Tutors brand comes with full-service support from our experienced staff. Our program includes general training, operations, marketing, management, and use of our proprietary software. A wealth of support tools and materials are also available to ensure the continued success of your franchise.
FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
Photos
Available In:
College Nannies+Tutors is currently accepting inquiries from the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming