Do you like educating and looking after children? If so, running a childcare center is one of the best options for you. It can be challenging to handle many noisy kids; moreover, it is a great responsibility, for which you need to be well-prepared.
Here are some tips for buying a childcare centre:
Location Means Everything
Ensure that the childcare center you wish to buy is located in a locality filled with families. There should be a couple of primary schools in such a neighborhood.
Moreover, it would be best to prefer a neighborhood with more working couples who need to leave their children in safe hands while being away at work. Check with platforms like childcare4sale.com.au to learn more about the availability of ideal sites with relevant DA approval.
Safety, Security, and Infrastructure
You may either explore new franchise options or look for an existing childcare center that’s for sale. You do come across opportunities where there’s no price set, and you are free to quote a sum to either buy or rent the site based on the potential it offers.
Generally known as ‘expression of interest’, such deals offer you an excellent leeway to run things your way. While sizing up such locations, you need to check out the safety and security of the area. Check if additional surveillance is required and if you need to beef up security before commencing operations. While appraising such requirements, you’ll be able to calculate the approximate investment required and its viability as well.
Regulations and Licensing Formalities
Every state and territory in Australia has its set of requirements that govern running a childcare center. Check what the Education and Care Services regulations stipulate, ensure you are compliant and obtain the requisite permissions and licenses. If you plan to acquire an existing childcare center, check with the current owners whether they hold all the documents supporting legal compliance.
Please be informed that the requisite licenses could cost from $500 to $700, and the usual processing time is two to three months. A license is valid for three years from the date of issue, after which it needs to be renewed.
You may also want to apply for Child Care Subsidy Approval, approved by the Department of Education. Having such approval is a good USP as most parents prefer a CCS-approved centre, which enables them to benefit by claiming the costs.
Which Type of Childcare Centre Suits you?
There are three types of childcare centers, and the one that suits you best depends on various factors.
Full-Time Childcare Centre
A full-time childcare center remains open from the morning until late in the evening. Such centers are preferred by working couples who commute a long distance to their workplace. They find it easy to drop their kids off in the mornings and pick them up on their way back in the evening.
Part-Time Childcare Centre
A part-time childcare center, as the name signifies, remains open for part of the day. Such centers are suitable for parents who wish to leave their preschool kids under your care for a few hours every day.
After-School Childcare Centre
After-school childcare centers are open in the evenings and are suitable for parents who wish to leave their children, who return after a full day at school. Such centers give the parents the freedom to go out after office hours, leaving their children in a safe place.
Today, working couples need a safe and secure place to leave their kids while being away at work. Besides safety and security, the general ambience and convenience are the main draws, though the location is one of the main criteria for a childcare center.