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Updated RecentlyCollege Nannies, Sitters and Tutors vs Reading Friends Franchise Company Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of College Nannies, Sitters and Tutors vs Reading Friends Franchise Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $105,000 - $158,000 | $110,950 - $297,500 |
| Franchise Fee | $45,000 | $35,000 |
| Royalty Fee | 5% | 5.5% |
| Advertising Fee | 2% | - |
| Year Founded | 2001 | 1980 |
| Year Franchised | 2005 | 2002 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | $2K | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | No/No |
| Inventory | No/Yes | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | Classroom Training: 48 hours | - |
| Support | Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Grand opening, Field operations/evaluations |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks |
| Operations | 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. |
100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 9 Absentee ownership of franchise is allowed. |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
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.
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#260 in Franchise 500 for 2020.
#274 in Franchise 500 for 2021.
About Reading Friends Franchise Company
Ours started as a story of overcoming. Owner and founder, Nancy
Spencer, was the first person in the city of Fort Worth to be diagnosed
with dyslexia after many years of struggling in school. With the proper
training, she was able to thrive academically and gained a passion for
children and the way that they learn. With the help of Dr. Luke Waites,
Gladys Kolenovsky and a team from Scottish Rite Hospital in Dallas, TX,
Nancy wrote a full curriculum and started Reading Friends preschool in
1980. The school is now run by her two daughters, Audrey Fowler and
Nancy Pack. There are two additional locations. One located in Keller,
run by Marsha Wesley. One located in Aledo, run by Diane Taylor.
The Reading Friends Difference
Reading Friends has the right curriculum, the right commitment, and is the right place. Let us focus on your child.
The Reading Friends preschool is dedicated to providing the young child a foundation for educational excellence.
The secret to a well-rounded child is a well-rounded approach to teaching
Curriculum
We employ Multi-sensory teaching techniques involving the total child.
Our Phonics Advantage curriculum is a language-based program that is the heart of our proprietary curricula.
Children receive structured academic experiences that produce a firm foundation in reading, math, social studies, and science.
Social
The Reading Friends program is designed to provide successful opportunities for all students. Children have daily outside free play and snack where they experiment with social interaction and cooperation.