CREATE YOUR OWN
DAYCARE CENTRE

Home Daycare Centers Advantages & Disadvantages of Home Daycare Setting Up Your Own Daycare Daycare Supplies Daycare Grants

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

Find out how to start a Daycare
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