The franchise offered is for the operation of a College Nannies + Sitters + Tutors business which will offer nanny placement services, babysitting services, homework help tutoring and college prep services.
Company Background
College Nannies + Sitters + Tutors(R) is the premier childcare service with over 100 franchises in North America. The franchise offers nanny placement services, babysitting services, homework help tutoring and college prep services for children of all ages. We are committed to providing a safe, nurturing environment where education is our top priority. Our mission is to make it easy for parents to find qualified care providers when they need them most while giving the peace of mind that their child will be well cared for in an educational setting.
Franchise Opportunity
Parents are struggling to find good childcare options for their kids. College Nannies + Sitters + Tutors(R) is the solution. Our business model offers a unique combination of services that parents need, while providing our nannies and babysitters with great benefits and opportunities. We're changing the way childcare works by putting families first and helping them succeed in every aspect of life. By joining this franchise you'll get access to a proven system that has been used by thousands of other successful franchises worldwide! You can open your own location or become part of an existing family-run team in any area where there's demand for quality child care providers - from big cities to small towns across America!
Corporate Structure
College Nannies & Tutors Development, Inc. is a Minnesota corporation that was incorporated on February 28, 2005. Their principal business address is 2655 W. Midway Boulevard, Suite 330, Broomfield, CO 80020. They have offered franchises since May 2005.
Earnings Transparency
7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Education-Related Industry
$641,213 / unit
Franchise Type: Standard
Average Revenue During 2021
$641,213
$428,958 Industry Low
$1,774,391 Industry High
Franchise Types Available
#
Type
Investment
Fees
Management Team
#
Name
Position
Jovie Franchise System Development in 2021
Historical Jovie | College Nannies+Sitters+Tutors System Growth
FAQ
How much investment do I need to start my own Jovie business?
Franchisees typically require at least $107 to $163 investment to get their Jovie business started
What are the initial franchise fees for Jovie ?
Franchisees typically need to pay at least $45 in fees directly to Jovie in order to earn the right to launch their business
How much money can I make with a Jovie franchise? What are
the average revenues for a typical Jovie business?
We estimate that the average revenue of an individual
Jovie unit is approximately
$641,213. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Jovie unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
9 /10
The Franchisor's investment costs ranges from
$107,000 to $163,000
which is
Much Lower
than the $0 to $0 average in the Education-Related industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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