To buy into a Franchise ?

[ohsotired2022]

*Hi
Has anyone had any experience with The Sleep Nanny Franchise ?

I’m thinking of leaving my current job in Nursing to pursue this.

It’s £9k to buy in which I could take a loan to do.
I would then have to pay £500 per month for the 1st 3 years so a further £18k.
So full amount I’d be spending on this would be £27k.

Is this crazy. When I write it down it sounds crazy. I’ve spoke to people who are working as Sleep Nanny’s and they seem happy and are saying they are making money. Working from home. Setting their own hours.

Would love to hear from anyone who has signed up to this. *

I think there’s a vast difference between buying one of those franchises for preschooler activities on a weekend day morning (can’t remember the names but I did a few) and paying £27k for this! Work backwards OP - how much arr you going to be able to charge families for this sleep nanny package (is there a set / guide price)? Then work out how many you would have to do per month to make the £500 and your share of mortgage, bills etc. don’t forget you may have to drive quite far to reach clients. then look around your area and thoroughly research who offers this or a similar service in the area. Is it saturated?