Do you dream of starting a daycare franchise? 58% of parents rely on childcare centers to care for their children. If you love working with children then starting a preschool franchise is a great way to combine your passion with your work.
So if you are wondering how to open a daycare, working with Kid City USA could provide all the answers! Writing a business plan can help you decide which steps you need to take to open your preschool franchise. This journey is made much easier by choosing a daycare franchise with a successful business model already in place.
Do you want to learn more about investing in a daycare? Here is our step-by-step guide to help you realize your dreams.
Write a Business Plan
Before you can start making plans to open your new daycare, you’ll need to decide on a few things. Find a good business plan template and write a solid plan that includes all the finer details of your business. Franchisees have the added benefit of being a part of a successful, well-known brand.
This will help their business grow quicker than if they started on their own. Once you have decided on the finer details with your franchisor, you can sign the agreement and start your exciting journey!
Certification and Licenses
Each state has a specific list of requirements that must be met by new daycare providers. Check to see what you need to do to comply with your local authority regulations before you go any further with your plans. You may need specific training and credentials under your belt before you open your daycare franchise.
Kid City USA can provide support to franchisees during the setup stages to help meet legal requirements. You can find out information on your local requirements by calling the Department of Health and Human Services. Most states request that you complete a criminal background check before you get your license and pay the fees.
Find a Location
You’ll need to find a suitable building for your preschool franchise. Kid City USA will help you find the perfect location in your area that meets all the local regulations. You need to consider whether there is a demand for a daycare in the area you want to open your business.
Your location should have enough parking for parents with easy access from the city limits. You’ll also need to make sure you have the correct insurance for your business to operate. Having the correct insurance is important to protect your staff and children in the event of an accident.
Organize Financing
You’ll need to raise funds to cover the initial franchise fees before you can open your business. Funding is available through grants and bank loans if you don’t already have savings. Kid City USA can help support you with sourcing the right funding options for you.
Your business plan can give you a helpful insight into the costs you’ll need to cover to open and run your daycare. Speak to your local council to see if any grants or financial support are available for new childcare businesses. You’ll need to factor in any loans into your business plan so you can afford to keep up with payments and still make a profit.
Make sure you are clear on how much you need to raise before you go any further with your plans. You can speak to other franchisees in the Kids City USA community about how they financed their businesses.
Hiring and Training Staff
Your daycare center should be run by experienced, trained staff members. Take into consideration the size of your daycare and the number of staff members you will need to keep it running. All staff members should receive training and background checks before they start working for you.
As the director of the daycare, you must meet the educational requirements that are set out by your local authority. In many cases, you may not need a bachelor’s degree or formal education. However, you must have a manager that is appropriately qualified and skilled in childcare.
Kids City USA will help you find and train suitable staff members for your daycare center. You need to choose your staff members wisely if you want a good reputation with the parents in your area.
With a Kids City USA franchise, you won’t have to worry about creating a curriculum for your staff members to follow. Your childcare facility will have an exciting and engaging preschool curriculum that is ready for when you decide to open your doors.
Prepare to Open Your Daycare Franchise
Kids City USA will be there to support you through the entire process of opening your preschool franchise. From training staff to selecting colors for the walls – you’ll have the reassurance you need to create a successful, thriving daycare. As a final step, you should consider getting accreditation from the National Association of the Education of Young Children (NAEYC).
A NAEYC accredited daycare shows prospective parents that they have the highest quality practices and well-trained teaching staff.
Start Your Daycare with Kid City USA
Setting up a daycare franchise is simple and stress-free with Kid City USA. You’ll have all the resources and support you need to create a successful daycare franchise that will provide an amazing environment for children. By following this guide, you’ll have everything you need to set yourself on the course for success.
Are you excited to become one of the top childcare franchises in your area? Get in touch with Kid City USA today to learn more about how to start a daycare franchise. With a welcoming community of franchisees and a wealth of knowledge, you’ll be wondering why you didn’t start sooner!
