How to Avoid Running Out of Money When Opening Your First Daycare Center in Ontario Canada
Opening a new daycare center typically requires budgeting approximately $150 per square foot for construction costs, with total startup budgets ranging from about $550,000 for a 40-student facility to $900,000 for a 100-student center. This comprehensive budget accounts for construction, specialized architectural fees, building permits, holding costs for rent during the renovation period, and post-opening operating expenses during the initial student ramp-up phase.