The cost to start a child care business will depend primarily on the type you choose. The type of child care center will determine what equipment, supplies, and materials you’ll need. If you have children of your own you may already have much of the equipment you need.
Items like cribs, beds, rockers, toys, and play yard equipment is often necessary. Purchasing safety gear like outlet covers, child gates, play mats, and door latches is a necessity to protect the children while in your care. You’ll also want to factor in the price of licensing fees and daily expenses like food and drinks.
Contacting the local chapter of the small business association in your area can be a great help to getting your new business off the ground. Often these folks can provide you with information about funding for daycare grant money to help get your new venture going.
Child care fees vary a great deal depending on where you live. According to a nationwide survey of child care costs published by the Children’s Defense Fund, “daycare can easily cost an average of $4,000 to $6,000 a year. In certain areas … families may be spending more than $10,000 a year.”
The Costs for a typical full time daycare service can range from $100 to $400 a week. Infant care will run more due to the increase in the child to employee care ratio. You may want to charge less for children over 5 years of age or more for special needs children.
Your rates will also depend on if you are setting weekly rates, daily, drop-in, overnight, or hourly care. You may also want to consider discounts for multiple child enrollment.
Back to Home Daycare
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