A Self-Managed or Professional Management Childcare Busineess?
If you are not experienced in childcare and plan to borrow to finance your purchase, your bank will be more inclined to reduce the amount of money they are prepared to lend you. If it is your first foray into a childcare business, the bank will feel more relaxed if you employ and pay for a manager to run the business. It is common for some of our clients to use a manager for 6-12 months while they become more familiar with the running of a Childcare business.
A management company may be able to help you and will be able to provide a quote to manage your centre.