Daycare Center
Daycare centers might be a good business in residential areas. While caring for children is undoubtedly challenging, it appears to be a better business option compared to other possible ventures that can be operated in a residential building. In my case, if I can find a reliable partner who can manage operations effectively, it would be a great retirement plan.
Below, I will save the basic information I found online.
Layout
Fixtures
I found a company called Lakeshore that specializes in daycare center fixtures. They also offer design and layout services if you purchase their fixtures. Click the image below to visit their website.
State Requirements
Profitability
A friend who operates a daycare center in Maryland mentioned that 35 sq. ft. of space is needed per child aged 1 to 4 years. I need to verify this, but if it’s accurate, I have about 2,000 sq. ft. available, which includes office and kitchen spaces. This should accommodate approximately 50 children aged between 1 and 4.
I roughly calculated the profitability of the daycare center, and it looks feasible.
| Income | Expense | |
| 40 Children (conservative estimation, $1,360/month) | $54,400 | |
| Rent (if I partner with a friend) | $2,500 | |
| Labor cost (if 6 staff, if $4,210/mo) | $25,260 | |
| Insurances, legal fees and Taxes | $1,000 | |
| Utilities | $500 | |
| Maintenance and Marketing expenses | $500 | |
| Misc. expenses | $640 | |
| $54,400 | $30,400 | |
| Potential Profit can be $24,000 per month. |