College Nannies, Sitters and Tutors vs Discovery Point Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of College Nannies, Sitters and Tutors vs Discovery Point including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$105,000 - $158,000 | $405,572 - $3,443,722 |
Franchise Fee |
$45,000 | $75,000 |
Royalty Fee |
5% | 4.7K-$6.5K/mo. |
Advertising Fee |
2% | 1.8K/mo. |
Year Founded |
2001 | 1988 |
Year Franchised |
2005 | 1990 |
Term Of Agreement |
10 years | 20 years |
Term Of Agreement |
10 years | 20 years |
Renewal Fee |
$2K | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/Yes | -/Yes |
Start-up Costs |
No/Yes | -/Yes |
Equipment |
No/Yes | -/Yes |
Inventory |
No/Yes | -/Yes |
Receivables |
No/No | -/Yes |
Payroll |
No/No | -/Yes |
Training & Support |
Training |
Classroom Training: 48 hours | On-The-Job Training: 80 hours
Classroom Training: 80 hours
Additional Training: At existing center
|
Support |
Meetings/Conventions
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform | Purchasing Co-ops
Meetings/Conventions
Grand Opening
Online Support
Field Operations
Site Selection
|
Marketing |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
Loyalty program/app | Ad Templates
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing |
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.
| Number of Employees Required to Run: 35 |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
No | - |
International Expansion |
Yes | - |
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.
#260 in Franchise 500 for 2020.
#274 in Franchise 500 for 2021.
About Discovery Point
Since 1988, we have built world-class child development centers from the ground up. We are very selective and want to be sure that our franchisees are well supported and that each owner has the same passion for quality child development as we do. Growing, mentoring and innovating for over 20 years, we understand that each child, family and franchise is ultimately linked to our reputation and success.
We are with you every step of the way, from market analysis, site selection and construction of your center to operational licensing, four weeks of intense training and unparalleled support after your center is open. We want you to be successful. Our Franchise development model provides:
*Purchase and lease purchase franchise options.
*Financing assistance.
*Reasonable franchise fee and royalty payments.
*Building equity by owning the property, the building, the equipment and the business.
*Multi-Unit development available
Why Discovery Point? SUPPORT!
There are very few people in this world who are real estate, construction, business operations, and childcare experts. The Discovery Point team has specialists in each of these fields to support our franchisees. Franchisees are able to leverage the expertise of an already established successful business model and the business and industry experience of the Discovery Point team.
The support provided to our franchisees is especially important in the child development industry, where parents know that their children are receiving quality care. Partnering with an industry leader like Discovery Point allows you to benefit from the trusted reputation of an already established brand.
Security, promising income, professional satisfaction and personal fulfillment are yours in the childcare profession. With new sites under development and existing centers for sale, there has never been a better or more affordable time to join our team.
Today parents are less likely to be full-time caregivers for their young children, so quality childcare is a primary concern.
Industry with a history of stable growth.
The benefit of a well-run childcare centers is a steady cash flow generated by repeat customers and referrals.
Parents appreciate the whole child philosophy and educational programs of The Discovery Point Experience.
Parents need to know that their children are safe and nurtured - and they're willing to pay a premium price for quality center-based care. If you are personally inspired and professionally committed to working with children and families and want to develop a successful business consider growing with us.
Veteran Incentives 10% off franchise fee