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Below is an in-depth analysis and side-by-side comparison of College Nannies, Sitters and Tutors vs Wee Watch 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 | $38,900 - $54,200 |
Franchise Fee | $45,000 | $20,000 |
Royalty Fee | 5% | - |
Advertising Fee | 2% | - |
Year Founded | 2001 | - |
Year Franchised | 2005 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 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 | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | 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 | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
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. | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Wee Watch is a professional child care organization since 1984, of providing expert quality home child care across Ontario. Over the years we have cared for thousands of children from infants to 12 years of age. We strictly comply with or exceed provincial licensing regulations in accordance with the Ministry of Education, Child Care and Early Years Act. We know about providing the best child care in a home environment.