Become a College Nannies and Tutors Franchise Owner

FAQ

Q. How much does a College Nannies and Tutors franchise cost?
Depending on whether you choose a single unit or multi-unit opportunity, the fees and initial investment will vary. A single business unit license begins with a franchise fee of $35,000. The estimated initial investment of a single unit, including the franchise fee, is between $152,200 and $209,200. A breakdown of this investment is located in Item 7 of our Franchise Disclosure Document (FDD). A multi unit franchise opportunity is also available.

Q. What is the term of the franchise agreement?
The initial agreement is for 10 years. After 10 years, there is an option for another 10 years. This information is outlined in the FDD.

Q. How difficult is it to find staff?
As with any business, it is always important to source good staff. Through the techniques and skills acquired in our training programs and the assistance of our proprietary web-based CNeT system, our franchisees find sourcing staff to be relatively straightforward.

Q. Is this a growing industry?
Yes, in most parts of the country child care and education services are growing. In fact, the Small Business Administration recently named both the childcare and education industries in their "Top Ten" categories for growth.

Q. Can I have a protected territory?
Yes, the formula for calculating protected territories are outlined in the FDD.

Q. Can I purchase more than one territory?
Yes, in fact College Nannies and Tutors is seeking executive business owners who are interested in growing multiple retail units.

Q. Do I need to be an experienced businessperson to run this franchise?
The systems for this franchise were created so that almost any person can run it. Business skills such as management and sales are a plus, but so is knowledge of the local community as well as a good work ethic and drive to succeed. Hiring supporting staff or utilizing outside professionals with key skills where you have a weakness can always be beneficial.

Q. Can I operate this business from my home?
No. We require a 1,000 to 1,200 sq. ft. learning center as this physical presence becomes a key marketing, staffing and organizational tool and helps establish credibility and trust in the local marketplace.

Q. How long does it take to get started?
From the day you leave classroom training, which typically happens six to eight weeks after being awarded a franchise, it is common for franchisees to have a "soft opening" whereas you can begin assisting families in your community. The official start of your business begins with the opening of your learning center, which is ideally open within the first 30 days after classroom training.

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