Looking at taking over established daycare center ASAP HELP

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  • AngiesCareXYZ
    Daycare.com Member
    • Feb 2013
    • 30

    Looking at taking over established daycare center ASAP HELP

    Any advice on what to look for when looking at this place? I get a tour today at 6:15 PM. I know that the woman owner died a couple yrs ago. Husband has been running ever since. He is not a good business man. Wants someone to take it over. I don't know anymore than that. I have no conditions yet or anything.

    Help. What should I look at and what questions should I ask in this first meet?
  • DaveA
    Daycare.com Member and Bladesmith
    • Jul 2014
    • 4245

    #2
    Is he looking for someone to purchase it or looking to hire a director?

    As for things to look for:

    Enrollment- What % of capacity is the center operating at? Can the local market support the capacity?

    Building: What shape are the facilities in? Are there major repairs or upgrades needed? What's the neighborhood like?

    Materials: Are the classroom & public areas well stocked? Is any computer system reasonably up to date? Do the classrooms need new toys/equipment/supplies?

    Staffing: Are they understaffed/overstaffed? Does everyone have proper certifications (including food handlers)? What are your impressions of the staff? If you're going to run a tight ship and he's hired the biggest collection of goobers out there, your first few months could be bloody.

    Are there any pending regulatory issues with DCFS/ Public Health/ Fire Marshall? Any pending liens or lawsuits?

    If it's for a director how much freedom do you have? How much day to day influence will he have on staffing/ marketing/ curriculum/ expenditures?

    Good Luck

    ETA: Just realized tour was yesterday. Hope it went well.

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