The Honors Learning Center vs College Nannies, Sitters and Tutors Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Honors Learning Center 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
 
The Honors Learning Center Franchise
College Nannies, Sitters and Tutors Franchise
Investment $64,500 - $68,700$105,000 - $158,000
Franchise Fee $25,000$45,000
Royalty Fee $2.5K/mo.5%
Advertising Fee -2%
Year Founded 19872001
Year Franchised 19912005
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee -$2K


Business Experience Requirements
 
The Honors Learning Center Franchise
College Nannies, Sitters and Tutors Franchise
Experience
  • Marketing skills
  • Degree in education
    		• -

    Financing Options
     
    The Honors Learning Center Franchise
    College Nannies, Sitters and Tutors Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    The Honors Learning Center Franchise
    College Nannies, Sitters and Tutors Franchise
    Training -Classroom Training: 48 hours
    Support Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsMeetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
    Marketing Ad slicksCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    Operations 0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 10

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		 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
     
    The Honors Learning Center Franchise
    College Nannies, Sitters and Tutors Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    International Expansion NoYes

    Company Overviews

    About The Honors Learning Center

    Sharee and Gary Miller started The Honors Learning Center as an individualized academic program. The centers' goal is to improve comprehension skills for each student by one full grade level after 36 hours of instruction. For every year since 1987, Honors students have averaged a gain of two full grade levels.

    Honors franchisees must have current state teaching certification.

    About College Nannies, Sitters and Tutors

    College Nannies and Tutors Builds Stronger Families by providing Role Models from Cradle to College. As a full-service family focused firm, franchisees specialize in placing nannies, babysitters, homework help and college prep tutors. College Nannies and Tutors is seeking executive owners that share our core values and possess the desire and ability to grow multiple retail units.

    The total investment necessary to begin operation of a College Nannies + Sitters + Tutors business is from $105,000 to $173,000. This includes the $45,000 initial franchise fee that must be paid to us. If you purchase 2 franchised Territories at the same time, the Initial Franchise Fee is $80,000 for both Territories. If you purchase 3 franchised Territories at the same time, the Initial Franchise Fee is $105,000 for all 3 Territories.

    "Entrepreneur

    #260 in Franchise 500 for 2020.
    #274 in Franchise 500 for 2021.