|
Below is an in-depth analysis and side-by-side comparison of Abrakadoodle vs College Nannies, Sitters and Tutors including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $38,028 - $81,878 | $105,000 - $158,000 |
Franchise Fee | $25,400 - $56,900 | $45,000 |
Royalty Fee | 8% | 5% |
Advertising Fee | 1% | 2% |
Year Founded | 2002 | 2001 |
Year Franchised | 2004 | 2005 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | 5% of current franchise fee | $2K |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | 20-60 hours pre-training at franchisee's location | Classroom Training: 48 hours |
Support | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives | Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, National media | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations |
Franchise can be run from home. International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 5 - 10
Absentee ownership of franchise is NOT allowed. | International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 2 - 3 Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |