opening preschool

[iloveu143]

Hello
Has anyone set up the preschool business? If yes i need your guidance on finance side.
I want to set up one in our local area. There used to be one but closed due to financial problems. I do want to help community but also want to run as business so What is the approximate profit after all the expenses ? Is it worth doing it?
Will really appreciate your advice on it.
Thank you in advance.

I can not answer your questions but have you contacted the preschool learning alliance? They may be able to answer you questions regarding business side as well as the practical side. Margins are generally quite tight. (hence why staff get paid little.) Also What is the rent you have to pay on the place? How many days/sessions will you be open for? How many will you cater for. ? (that my depend on the size of the place.) Sure you have thought of these but it will effect your profit margins. Also What level staffing, if you have the minimum amount of level 3 and above and the rest level 2 it will be less then if all level 3. But won,e necessarily be able to provide quality child care.