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College Nannies & Tutors
The name says it all: College Nannies & Tutors offers nanny placement, on-call nannies, and professional babysitting services as well as customized tutoring, homework help, and college prep services. Nanny services are available for off-school summer months, workdays, after school, emergencies, or for a parent’s night out. Tutoring services are available on a one-on-one basis during the school year or in the summer. According to the company, “franchisees can select only the nannies business, only the tutors business, or both businesses.” Franchisees visit the company’s Minneapolis training facility to learn the processes, technology, sales/marketing, and management methods for running the business. Ongoing support is also provided.
Fast Facts
| Year established | 2000 |
| Franchising since | 2003 |
| Can be run from home? | Yes |
| Number of employees needed | 1 |
| Item 19 Financial Performance Representation? | Yes |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| Absentee ownership allowed? | No |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 80 | 0 | 0 |
| 2010 | 69 | 0 | 0 |
| 2009 | 52 | 0 | 0 |
Expanding in These Locations
| Total Investment | $60,000 - $154,000 |
| Franchise Fee | $35,000 |
| Royalty Fee | 5% |
| Net Worth | $400,000 |
| Liquid Capital | $50,000 |
| Does franchisor offer financing? | No |
| Is franchisor on the SBA's Franchise Registry? | No |
| Is franchisor a member of the IFA's VetFran program? | Yes |
