Opportunity
Problem
The child care industry has become necessary due to increasing dependence on two incomes. An increasing number of children are in dire need of a safe, enriching environment.
Solution
Safe Kids Child Care will be able to provide a secure and caring environment for its clients’ children, as well as personal attention. The center has two-sided goals: to help parents feel better about the care they give their children and to make it enjoyable, educational, and safe for the child.
Market
Safe Kids Child Care is a local child care provider that focuses on Lynn’s 10-mile radius. Children can be accepted either on a full or part-time base.
Competition
In the area, there are more than 300 child care providers. KinderCare and larger commercial child care centers like KinderCare hold the majority. Because of their good reputation in the market, these larger chains are able to compete well. Safe Kids Child Care offers a lower staffing ratio that is more appealing to parents. In addition, the child care fee levels are maintained at 5-10% less than those of large commercial chains.
Why Us
Safe Kids Child Care provides a lower staff ratio than other child care facilities, which is attractive to many parents. In addition, the child care fees charged by Safe Kids Child Care are still 5-10% less than those of large commercial chains.
Expectations
Forecast
Safe Kids provides child care for the Lynn area. Safe Kids will grow to sustainable profitability over the next 3 years. Through a combination of well-priced services, outstanding customer service, and a well seasoned management team, Safe Kids will quickly gain market share and a reputation as a premier child care provider.
Financial Highlights per Year
Financing Required
Our business will need $40,000 to begin. Each owner will contribute $20,000 toward our initial costs.
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