By clicking the green button below, you’ll find a daycare business plan financial model Excel template available for download, which will most likely become the cornerstone of your future successes.Thus, let’s start the ball rolling, exploring the need for the day care services.
indicates that daycare businesses are likely to encounter one of the fastest-growing employment rates out of all professional fields by 2020.
The reason is obvious, as the demand for childcare services strongly depends on the number of working parents, which is continually increasing.
It means that the best time for entering the child care market is right away. Smith wants to open a new locally-owned, nationally accredited Kids Care Center, focusing on the provision of day-to-day full-time care and loving environment for children aged from 1 month to 60 months.
He can skip many complicated licensing and paperwork issues by purchasing a franchise, but the cheapest option starts at $70,000 and may cost up to $3,5 million.
Nowadays, among , 96.8% of families have one parent employed and 61.1% have both parents working.
Thus, the employment opportunities evolve, and working parents need more professional people to take long-term care of their children, and here a daycare center comes to help out.
You can also find the same example in the Business Plan Writer, our free online tool that guides you through the process of starting your business.
Just select “Education/child care/child enrichment” as your industry when you register. Futurpreneur Canada’s Start-Up Program takes your passion and turns it into a reality.
Based on their age, the kids visiting the center should be divided into 5 groups: For setting up the business, Mr.
Smith needs to rent a house, hire child care professionals trained in early learning programs, and calculate the overall daycare startup cost. Smith can start looking for funding by investor or lender, interested in a profitable startup idea. The primary expenses include renting costs and wages of staff, while the secondary ones consist of costs of food, driving, nappies, etc.