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College Nannies + Sitters + Tutors’ Initial Franchise Fee, Royalty Fee + 13 Other Fees

Published on February 23, 2022 by Franchise Chatter Leave a Comment
in Childcare Franchise, Franchise Fees, Tutoring Franchise



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Detailed Information on College Nannies + Sitters + Tutors’ Initial Franchise Fee, Royalty Fee + 13 Other Fees (Items 5 and 6, 2021 FDD)

1.  Initial Franchise Fee:  $45,000

  • The standard initial franchise fee is $45,000. This amount is fully earned by College Nannies + Sitters + Tutors on signing the Franchise Agreement and is not refundable.
  • If you meet College Nannies + Sitters + Tutors’ qualifications and opt to purchase a second franchised Territory, then the initial franchise fee for the second franchised Territory is $35,000 (or a total of $80,000 if you purchase the two franchised Territories at the same time).
  • If you meet College Nannies + Sitters + Tutors’ qualifications and opt  to purchase a third or any additional Territories, then the initial franchise fee for the third and each subsequent Territory is $25,000 (or a total of $105,000 if you purchase all three franchised Territories at the same time).
  • If you are an existing franchisee, you will be entitled to the reduced initial franchise fees if you subsequently purchase a second, third, or more franchised Territories as long as you are in good standing and not in default of your Franchise Agreement(s).
  • You must execute a separate Franchise Agreement for each Territory.
  • If you meet College Nannies + Sitters + Tutors’ credit standards, it will finance up to 80% of the initial franchise fee(s) payable by you under the Franchise Agreement. You must make an initial down payment of at least 20% of the total initial franchise fee(s) at the time you sign your Franchise Agreement. The remainder must be paid over a period of no more than 24 months.
  • The above-described fees are the only payments you must make to College Nannies + Sitters + Tutors for services or goods provided before your franchised Business begins operating.

2.  Royalty Fee:  5% of Gross Revenues. Minimum Royalty Fee of $800/month starting 18 months after you and College Nannies + Sitters + Tutors sign the Franchise Agreement (“Effective Date”)

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  • Due Date:  Payable on the 5th business day of each month for the previous month.
  • Payable to College Nannies + Sitters + Tutors.

3.  Brand Fund Contributions:  2% of Gross Revenues

  • Due Date:  Payable on the 5th business day of each month for the previous month.
  • Payable to College Nannies + Sitters + Tutors.

4.  Technology Fee:  currently, $225 per month per territory

  • Due Date:  Payable on the 5th business day of each month for the previous month.
  • May be increased.

5.  Local Marketing Expenditures:  greater of 2% of Gross Revenues or $15,000 per year

  • Due Date:  As incurred.
  • This is in addition to the Brand Fund Contributions.

6.  Multi-Area Marketing and Cooperative Advertising:  varies

  • Due Date:  As incurred.

7.  Renewal Fee:  $2,000


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  • Due Date:  Upon signing new Franchise Agreement.

8.  Relocation Fee:  $3,000

  • Due Date:  Before relocation.
  • College Nannies + Sitters + Tutors must approve relocation.

9.  Transfer Fee:  $10,000, plus the cost of training ($2,000)

  • Due Date:  At the time of transfer.
  • College Nannies + Sitters + Tutors must approve transfers.
  • College Nannies + Sitters + Tutors may waive the cost of training if the transferee is an existing franchisee.

10.  Audit Fees:  cost of audit

  • Due Date:  Upon demand after audit.
  • Only payable if there is an understatement of revenues of 2% or more.

11.  Interest:  1 1/2% per month

  • Due Date:  Upon demand.
  • Not to exceed maximum amount permitted by law.

12.  Supplemental Training Fee:  $2,000 per training session (1-day)

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  • Due Date:  At time of training.

13.  Manager Training Fee:  currently, $0 per person

  • Due Date:  Upon demand.

14.  Shared Services Fee:  currently, between $2.50 to $15 per applicant

  • Due Date:  Payable on the 5th business day of each month for the previous month, or upon demand.
  • College Nannies + Sitters + Tutors currently offers optional services that it, its affiliate, or designee can provide or conduct on your behalf, such as recruiting applicants and conducting reference checks (“Shared Services”).
  • The specific then-current fee for each available Shared Service is set forth in College Nannies + Sitters + Tutors’ Manual.
  • College Nannies + Sitters + Tutors may modify its then-current Shared Services that it may offer franchisees, and the respective fee for such Shared Service, at any time upon notice to you.

15.  Late Fee:  $100

  • Due Date:  Upon demand.
  • Payable if you are more than 5 days late in the payment of any amount owed to College Nannies + Sitters + Tutors.

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