The education of our children must be started earlier. The school system is failing. Private tutors and teachers are available to assist with children’s education.
Solution
The Toddler Warehouse is a full-service child care/development facility that cares for toddlers from age three to five. The Toddler Warehouse is focusing on the high-end market segment: professional parents earning double income. These ambitious parents will often be eager to see their children develop and will pay for the best facilities.
Market
The Toddler Warehouse will offer child care/development for toddlers aged three to five years old. The Toddler Warehouse targets professional families with two incomes who cannot care for their child during work hours. The Toddler Warehouse will be targeting families that are interested in something more than simple baby-sitting facilities, they would like the children to be enrolled in a program that offers development of many different skills including: socialization skills, arts and crafts, large muscle group workouts, reading, numbers, etc. Professional parents, who are naturally ambitious, will often be eager to see their children succeed and willing to pay for the best care.
Competition
The Toddler Warehouse will compete in the child care market. The industry is large and well-populated. There are many companies in this sector, starting at the most basic level of baby sitting services to competing businesses like The Toddler Warehouse. There are service providers that offer standard business hours as well as services that offer night and evening hours. There are scheduled services and no reservation drop off services. Parents have many options when it comes down to quality, price, and gut feelings. The Toddler Warehouse believes focusing on one market is the best way to achieve success.
Why Us?
The Toddler Warehouse is committed to providing high quality child care. We are here to retain and attract customers. If we follow this maxim, all else will fall into place. Our services will exceed the expectations of our customers.
Expectations
Forecast
The first year will be profitable. We can hire more general staff that focuses more on care in year three.
Doggie Pause is a daycare for canine professionals with disposable income who want to provide high-quality care for their pets during work. It responds to a genuine market need in a high end, high-income sector.
1.1 Objectives
To launch the company and grow sales to the tune of $25K per months by the end in the first 12 months.
To break even in year two and to be profitable in year three.
To double sales in the second and third years while becoming profitable.
1.2 Mission
By providing a loving environment for our pets, we will be the leader in canine care. Owners will have confidence in the ability of our staff to provide proper care for their pets. As we expand and grow, we will have a significant market share. We will also increase our profit. We will grow our business prudently and finance our growth with operational revenue.
Success: 1.3 Keys
The original location will be in an elite community at the outskirts the metropolitan area.
We will try to accommodate the canine owners’ needs as best we can.
We will stand by the statement “The customer is always right” because owners are the best when it comes canines.
Business finances will be managed in a systematic and timely manner.
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.
We see a large need in this area for quality home and social care services. We believe that by employing skilled and educated staff, and providing them with an organized and responsive management system, we can be the top home and social service agency in Southeastern Kansas.
Solution
Wheatland Health Services offers unique home health care as well as community-based social service to Southeastern Kansas.
Market
The consumer base for Wheatland Health Services (Home Health Care Services) will be patients referred by physicians, health care facilities and other health care professionals. A majority of these patients are covered by Medicare. Kansas Medicaid or private insurance will cover a smaller percentage.
Competition
Consumers and referring professionals should trust the professionalism, reliability, and quality of the services offered by the home healthcare Agency.
Why Us?
Wheatland Health Services is committed to providing affordable and high quality home care services and social services in the community to residents and their families in Southeastern Kansas.
Expectations
Forecast
We are projecting growth and total annual sales very conservatively, with high projected expenses. Our cost of selling is very low because we are a service agency. Payroll is the main expense involved in providing these services. The costs of sales reflects the cost of mileage reimbursement to employees, because the services we provide are home- and community-based and require travel to and from service locations.
Financial Highlights Year-by-Year
Finance required
We will borrow $50,000 from Elizabeth Patzer for a five-year loan, and then receive $20,000 cash directly from Elizabeth Patzer.
Kid’#8217’s Community College(r), strives to train its students to become leaders of tomorrow. The college offers a unique curriculum designed specifically for children, as well as first-class childcare services. Our college offers advanced technology programs, tutoring after school, and other activities like arts and crafts, theatre, gymnastics, and dance.
Timothy Bernard Kilpatrick (Sr.) is the sole owner of Kid’s Community College. His computer science interest and advanced degree are the driving forces behind our technology component. He will be assisted in daily operations by an industry expert, a campus director and a Vice President of Educational Operations, all of whom have extensive experience with child care.
With inflation continuing to rise each year, the typical American family now requires dual or supplemental incomes. This trend has created the need for quality child-care services. The Riverview, Hillsborough County’s population growth rate is currently over 14.6%. We can anticipate an increase in market potential in this area. In the child care services sector, price, reputation, certification, quality, and service are key factors. Kid’’s Community College(r), is a competitive market player. We offer high-quality child care services at affordable prices and top-notch educational programs with college-educated teachers. We also maintain a great reputation among parents and the communities we serve.
This is Kid’8217’s Community College(r) daycare business plan. It will be focused on two subdivisions: “Lake St. Charles” and “The Villages of Lake St. Charles”, which are new, upscale communities within a 2-mile radius. They boast over 900 new homes. Our customers are middle-class, dual-income families that value the quality education and child care we offer their children.
Our first enrollment will be 13 students. We expect healthy revenues to be in place by the end the first year and nearly double that by the end the third. Our biggest operating expenses will be compensation at industry standard rates for our highly-qualified personnel, and rent on our facilities, improved for our purposes during the start-up period. We want to grow to four campuses but our plans are conservative and will be funded with cash flow. We expect a net income to begin in our second-year.
To these ends, we are putting significant investment in the business, and are seeking a matching amount in the form of an SBA loan.
Mission
“Some of the best years in life are the time spent as a child and later our collegiate years…” As working adults in a fast paced society, we sometimes forget just how precious and fleeting those years are.
With this in mind imagine an alternative for traditional infant, day, and after school care. A learning environment that is activity-based and reflects those at colleges, universities, vocational centers, and other institutions across the country. A college community of professional care givers with the credentials to not only enhance your child’s early social and motor skills, but to also teach them advanced studies in the arts and sciences found at institutions of higher learning. A fun and nurturing care-giving environment that teaches a college-based curriculum specifically for children.
Now, imagine that this is all you would pay for if you combined conventional daycare with specific interest-based children’s programs.
Kid’#8217;s Community College is a comprehensive, start-up community college for children ages 4 months to five years. It caters exclusively to children in the 1st-5th grades. The College is committed to providing top-quality caregiving services and a learning environment that encourages children of these ages. The College will respond to the needs of its parents and students with excellent care-giving and instruction, an advanced curriculum, flexible programs, local community involvement and business partnerships.
The College has a strong commitment to accessibility and diversity. Its open door policy embraces all who desire to provide a better quality of care, preparedness and education for their children. Through a wide range of services and programs, the College strives to offer affordable, top-quality caregiving and education.
The College is committed taking a leadership position in child care services as well as higher learning and community services. It also promotes cultural diversity. Kid’#8217’s Community College(r), focuses its activities on student success.
Objectives
By Year 2, sales had almost doubled in the first year.
Maintain a high gross margin of raw material by year end 1.
Open a second campus by the close of Year 1.
Begin franchise effort by end of Year 3.
Keys for Success
The keys to success for KCC are:
Marketing: Differentiating KCCՉ۪s education and caregiving services from traditional childcare programs and interest activity programmes
Service quality: care giving and educational programs provided by degreed and certified educators, child care workers, tutors and subject matter industry professionals in a technologically advanced first-class collegiate environment.
Reputation is maintaining a highly respected reputation for excellence caregiving, education and community involvement. It also means being the employer-of-choice in our market for childcare and educational talent.
Profitability: Controlling and managing costs in accordance to company goals.
