Child Care Franchises

2008-10-15 10:36:52

( Business )



Opening a Child Care Business

If you love children and have both teaching and management skills, you may be interested in opening a child care center.

However, opening and operating a child care center or preschool has some stringent requirements. Most parents also consider the reputation and cost before finally deciding on the one they think is best for their children.

Without much experience or technical support, your child care center may suffer from low enrollment and high operating costs.

Benefits of Child Care Franchises

Instead of having to come up with a trade name, design, logo, and management style, you may find it simpler to buy a franchise of an existing day care center which has already earned a good name for itself. This will save you money in terms of business name registration fees, license and permit, and legal fees. The franchisor will take the responsibility of determining the design of the premises, and will also provide technical and financial support.

You and your staff will also be trained in the standard operating procedures used by your franchisor, so that your center's policies and standards will be identical to that of the franchising company.

Instead of having to procure your own materials and supplies for the center, you can just buy these from the franchisor or his authorized distributor.

Most of all, you are riding on the good name of the child care franchise that you have bought. The franchisor will take care of promoting and advertising on your behalf.

Steps in Securing a Child Care Franchise

If your location is not one of the turnkey locations that the franchisor offers, he will first have a feasibility study conducted by an independent franchise consultant to determine if your location is suitable and financially viable for the business.

Once the feasibility study shows positive results, the franchisor will then send you a disclosure statement to inform you of the terms and conditions of the franchise agreement. If you are agreeable to these, he will send you the franchise agreement form.

You will need to pay a franchise fee, plus show an initial investment and submit other documents. Once all the requirements are in order, you can then open the center.

You need to shoulder all the operating expenses of your center, such as teacher's salaries, repair and maintenance of facilities, and utilities. Aside from operating expenses, you also need to pay a monthly royalty fee to the franchisor, as well as a percentage of any advertising and promotion costs that he has incurred.

Getting Information About Child Care Franchises

There are many internet sources available that can give you reliable about franchise how to's. They also offer information about each existing child care franchise.

You can also consult a franchise attorney or consultant who will be in a better position to guide you in the ins and outs of selecting and operating a child care franchise.


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