What started as a part-time job to get through college turned into over 100 franchises and $35M revenue.
To help put himself through college, Joe Keeley started babysitting, and pretty soon, he had parents calling him to see if he had recommendations for other college students who were available for babysitting services. Before long, Keeley was acting as a recruiter, and College Nannies, Sitters and Tutors was born.
Keeley began to franchise his concept by offering territories to college students in other regions, and by 2016, he was up to more than 100 franchises—and a revenue of more than $34M network-wide. This is when he decided to cash out, and one of his biggest customers acquired him.
In this episode, you’ll learn:
- How to position a trigger so that a customer will become your acquirer
- The best way to prepare for due diligence
- The importance of managing your bookkeeping practices as if you were a public company
Keeley figured out how to scale his business quickly and efficiently through a franchise model. To see what options for growth best suit your business, check out Module 2 of The Value Builder System™. Get started for free right now by completing Module 1.
About Joe Keeley
College Nannies, Sitters & Tutors was founded by Keeley in 2001 while earning a degree in Entrepreneurship from the University of St. Thomas in St. Paul, MN and being a nanny himself for two boys and a little girl during school. College Nannies, Sitters and Tutors has since disrupted the fragmented in-home childcare market and is now operating over 175 locations on both coasts and in the Midwest and has been featured in such media outlets as Newsweek, USA Today, CNN, NPR and others.
Keeley was named the “Ernst & Young Entrepreneur of The Year” in 2010, the “Global Student Entrepreneur of the Year” in 2003, one of the “Top 25 under 25 to Watch” by Business Week Magazine, one of the “20 under 30 Who Will Change the World” by Citizen Culture magazine, one of the Minneapolis-St. Paul Business Journal’s “Young Entrepreneurs” and “40 under 40” all by age 29. College Nannies, Sitters & Tutors was sold to Bright Horizons Family Solutions (NYSE: BFAM) in 2016.
Get in touch with Keeley on LinkedIn.
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