Are You Ready to Invest in a Childcare Franchise Opportunity?
The first thing most people want to know when they’re investigating childcare franchise opportunities is, how much does it cost? The answer is that your up-front investment will vary depending on how many territories you purchase. Many Jovie franchisees own two or more locations, and your costs will also depend on how many businesses you’re interested in owning.
What Does it Really Cost to Start a Nanny Business?
A typical Jovie franchise requires an initial investment of between $134,500 and $228,000. In addition to the one-time franchise fee, your up-front costs can include expenses for marketing and recruiting, signage, construction (if needed), insurance, training, legal services and other basic costs of starting your own business. The good news is that we can help you find suppliers and advise you on exactly what materials you’ll need to launch a Jovie franchise that is fully operational from the first day you open your doors.
Once you’re established, there are ongoing royalties and operating fees for essential parts of our proven business model – the same model that helped us get ranked #138 on the Entrepreneur Magazine Franchise 500 ranking in 2019, out of more than 1000 companies that applied. We charge these fees to offset the costs of continuing support you can expect from us such as software licenses, data storage, brand marketing, and local advertising programs to help you grow your business.
Invest in a Childcare Franchise Opportunity and Invest in Your Family
In 2005, when we started franchising Jovie, we realized that working parents want qualified nannies and babysitters to do more than just watch their kids – they want them to mentor and teach them new things, too.
There are more than 50 million kids under the age of 11 in the U.S. today, and 63% of couples with children have both parents employed, and many of them are looking for exactly the kind of caring, experienced people we employ. So, when you’re thinking about what it costs to start a nanny business, you should also consider the upside potential of being your own boss in a growing industry.
As a successful business owner, your family reaps the benefits of an exciting investment, as well as your new-found flexibility to spend more time at home yourself. In 2018 we hit a major development milestone by expanding to over 100 local territories across the country. Today we have close to 200 franchise locations, many of which are owned by working parents who decided to invest in one of the fastest-growing daycare franchise opportunities in the country — and in themselves!
There are, of course, certain financial requirements you’ll have to meet to join the Jovie family. To start your nanny business off on the right foot, we require our franchisees to have a minimum of $60,000 in available liquid funds, and a minimum personal net worth of $500,000. If you meet our credit standards, we’re happy to help finance your initial franchise fee.