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Updated RecentlyCollege Nannies, Sitters and Tutors vs Lightbridge Academy Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of College Nannies, Sitters and Tutors vs Lightbridge Academy 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 | $549,228 - $5,054,735 |
| Franchise Fee | $45,000 | $40,000 |
| Royalty Fee | 5% | 7% |
| Advertising Fee | 2% | 2% |
| Year Founded | 2001 | 1997 |
| Year Franchised | 2005 | 2011 |
| 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 | -/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 |
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| Training | Classroom Training: 48 hours | On-The-Job Training: 28 hours Classroom Training: 128 hours Additional Training: Ongoing |
| Support | Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection 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 | 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. | Absentee Ownership Allowed Number of Employees Required to Run: 32 |
Expansion Plans |
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| US Expansion | 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.
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#260 in Franchise 500 for 2020.
#274 in Franchise 500 for 2021.
About Lightbridge Academy
If you're looking to make a difference in the world, in your town and in our future, Lightbridge Academy provides a way to do it, while owning a great business. Tap into this growing, $40 billion industry with a company that will be with you from the moment you become a franchisee - from real estate selection through opening your center and beyond.
Lightbridge Academy franchises offers programs for children from six weeks to six years old, including after-school enrichment and summer programs.
Each school is a licensed childcare, with staff trained in early childhood education or childhood development.
Veteran Incentives 10% off franchise fee
#234 in Franchise 500 for 2020.
#143 in Franchise 500 for 2021.