Why set up a nursery?
The prospect of setting up a nursery in your local area is often appealing. There is a variety of reasons for this. You could be an organisation in an under provided area who wants to make a difference. Perhaps you are a parent with an entrepreneurial flair who has spotted a gap in the market. Perhaps you are simply someone who loves working with children. Setting up a nursery can be a smart move.
Whatever the reason, choosing a commercial property to set up a nursery or day-care centre is quite a challenge. However, it is a very worthwhile project to undertake
set up a nursery with the help of Tunji Adebayo & Co
1.What’s the best location for a nursery
First, you’ll need to decide on the best location for opening a nursery. There is much to consider. Consider cost and ease of access for parents. Plan whether or not a nursery is actually needed in the area. Urban areas tend to be more in demand. Parents living in rural areas are more likely to look after their children themselves or use a childminder.
But once you have a rough idea of budget, you can begin to narrow down your options. You’ll need to familiarise yourself with a community. Think about its needs and existing competition, if any, before making your choice. The more you learn about a particular demographic the more prepared you’ll be. Residential areas with young, growing families are good choices. So are places easily seen along well-travelled roads often have the most convenient access for parents.
2.Nursery set up needs appropriate buildings
Once you’ve decided on an area you’d like to target, you’ll need to choose an appropriate commercial property. Educational institutions, such as nurseries, fall into the D1 class, along with medical and religious institutions. The key element of these D1 properties (taproperty.co.uk) is that they are non-residential. If you’d like more information on leasing D1 properties, please do not hesitate to get in touch.
Your number one priority when assessing a property is, of course, safety. You must also be careful to choose somewhere that lends itself to becoming a nursery or day care centre. Bear in mind the importance of even surfaces, spaciousness, parking, etc. Also evaluate the danger of things like low ledges and windowsills. The last thing you want is to buy or rent a property and then replace inappropriate furniture and materials. This, needless to say, will add significantly to your costs.
Moreover, there are strict rules in place which regulate how much space each child requires. So bear in mind whether or not the building is big enough. Work out how many children you intend to take care of before signing that lease. Bigger properties may cost more. Yet providing you are able to attract enough business, your revenue will of course be higher. More notable costs include staff, supplies and marketing.
Before taking the plunge, try to envisage your nursery in its complete state. What do you see? How many children are there? How many staff? What kinds of materials and supplies etc? Once you’ve answered these questions, you can then reasonably estimate both expected income and expenses. This makes it far easier to decide which commercial property is the right one for you.
What is the success key when opening a nursery?
Marketing your nursery well is obviously very important. But there is still no channel more effective for attracting business than word of mouth. Every parent wants nothing but the best for their child. Therefore places at nurseries with the best reputations are like gold dust. Your nursery could quickly become one such nursery, if you invest in facilities and employ the right staff. Well-qualified and highly motivated staff provide the sort of environment that children undoubtedly need to thrive and learn as much as possible. Good luck!
Suggested Further Reading:
- How to Start a Nursery (workingmums.co.uk)
- £2 million Grant Scheme to Boost Childcare Launched (gov.uk)
- Looking for a D1 Property? (taproperty.co.uk)
If you are a commercial property owner and would like to explore the possibility of leasing it as a nursery , please get in touch. I’m sure we can help!Tags: nursery