CREATE YOUR OWN
DAYCARE CENTRE

Setting Up Your Own Daycare

In Starting up you own Daycare Center you have to:

• Deciding on a Name
• Legal Requirements
• Business Plan
• Start-Up Costs
• Outside Facility vs. Home Based

There are many costs involved when you are opening any new business. The costs that you might incur greatly depend on if you are providing a home daycare or an outside daycare. Some costs are standard to just about any new business, while other is specific to that business. The following list is only a suggestion of what possible cost are involved in opening a daycare:

Set Up

• Equipment      
  Furnishings
  Supplies
  Pre-operational leasing payments
  Damage deposit
  Business accounts deposit
  Renovations
  Licensing requirements
  Start up loan
  Licenses & Permits

Staff Costs

• Health Insurance
  Employee absences; sick leave, vacation, professional days
  substitutes
  Taxes
  Payroll service (optional, but well worth the money)
  Accountant (to help set up your record keeping system)

*Rule of Thumb: add 15% to base salaries

Operating Costs

• Rent
  Garbage removal
  Recycling removal
  Utility bills
  Maintenance & Repairs
  Insurance
  Supplies
  Equipment
  Food
  Phone
  Fire alarm system

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