Is owning a daycare profitable in Ontario?

Is owning a daycare profitable in Ontario?

The average net profit recorded by a small and medium-sized Child Day-Care Service in Canada in 2017 was recorded at $33,000 which is ($33,000/$153,600) = 21.48% of the average revenue earned.

How much does it cost to open a daycare in Ontario?

Applicants must pay a $20,000 franchise fee and cover the costs of insurance, startup supplies, software licensing and equipment. Your business plan should include information on your target audience, services, financing options and legal requirements.

How much does a daycare make in Ontario?

The average daycare worker salary in Canada is $32,175 per year or $16.50 per hour. Entry-level positions start at $28,275 per year, while most experienced workers make up to $38,871 per year.

How much do home daycares make in Ontario?

The average home child care provider salary in Canada is $24,371 per year or $12.50 per hour. Entry level positions start at $22,503 per year while most experienced workers make up to $29,250 per year.

Do you need a licence to open a day care in Ontario?

Child care centres and some home-based daycares in Ontario are licensed by the Ministry of Education. You may plan to offer unlicensed home-based child care, however you will need a licence if you:

How to start a child care business in Canada?

Starting Your New Child Care Business in Canada–June 18, 2016 If you plan on opening a part-time, afterschool or summer camp program and would like clarification about the legal requirements related to child care licensing, you may contact the Ministry of Education at: [email protected] or 1-877-510-5333

What kind of Business is a day care?

The child care industry primarily consists of businesses that provide daycare services for infants and children. Your daycare can be a home-based operation, or it can be a commercial centre that serves a particular area or community.

How long does it take to open a day care?

It takes 30 seconds. Well I worked as an early child educator for 12 years for various day cares and private schools across the province and I knew that my passion was to open up my own daycare one day and conduct business in a unique way in comparison to the other daycare center’s I’ve been a part of. So that’s exactly what I did.