After speaking with a couple of hundred daycare operators, it has become clear that there are two distinct groups in the industry. One group runs very successful businesses—whether they are part of the CWELCC program or not—while the other group is so stressed and overwhelmed that they are considering leaving the business altogether.
Traits of Successful Daycare Operators Read More »
There are many false beliefs that aspiring daycare operators hold, and basing an entire business on these misconceptions can be a recipe for failure. It is dangerous to assume that success will come easily without verifying key facts. Unfortunately, many aspiring owners neglect to conduct thorough research, either out of laziness or blind optimism.
Myths of the Aspiring Daycare Operators Read More »
This article discussed the entire process of buying a childcare business.
Process for Buying a Childcare Centre Business Read More »
Purchasing a commercial property for the first time can feel overwhelming. The terminology might be unfamiliar, and the tasks required for thorough due diligence (DD) may seem extensive. This article aims to outline key aspects of the due diligence process, offering a comprehensive overview rather than a strict to-do checklist. Every property is unique, and your intended use will heavily influence what needs to be validated during the due diligence process. We will discuss Survey, Environmental Site Assessment, Record of Site Condition, Site Plan Approval, Minor Variance, Conservation Authorities and Heritage.
Buying Commercial Property: Due Diligence Checklist Read More »
This article explores the valuation process for CWELCC and non-CWELCC childcare centres, focusing on the use of EBITDA multipliers to determine sale value. While non-CWELCC centres follow standard methods, CWELCC centres face unique challenges due to profit caps and regulatory complexities, often leading to undervaluation. Key factors influencing valuation include lease terms, goodwill, and operational stability, which can offset lower profitability. Ultimately, the final valuation depends on the buyer’s priorities, risk tolerance, and perception of long-term benefits.
Exit Valuation for CWELCC and Non-CWELCC Childcare Centres Read More »
As we approach the rollout of the new cost-reimbursement-based CWELCC program for 2025, many existing daycare operators are already deep into calculations and allocation approvals to prepare. However, for new operators, CWELCC 2025 may seem complex and unclear.
Explaining CWELCC 2025 to New Operator Read More »
If you are a daycare operator, you already know that running a daycare can be a rewarding and profitable venture. However, like any business, there are often limits to your profit potential due to various factors such as rent, overhead costs, and the increasing pressure of regulations. But what if there was a way to increase your wealth while continuing to do what you love—teaching and nurturing young minds?
How to Build Wealth with Your Teaching Passion Read More »
This article discusses the common questions by first time operators which is “Can I open a daycare anywhere?”
Can I Start a Daycare with No Money? Read More »
This article discusses the common questions by first time operators which is “Can I open a daycare anywhere?”
Can I Open a Daycare Anywhere? Read More »
This article discusses the importance of running your daycare like any other business.
Running a Daycare is Running a Business Essentially Read More »
