NEW CENTRE START UPS
Feasibility Studies for Child Care Centers
Many factors need to be carefully assessed to determine the feasibility for development of a child care center or expansion of an existing one.
A number of key factors include:
The geographic market area that the center will serve.Factors that influence its size include drive times, patterns of travel to work, competition, psychological barriers, and nodes of employment.
The demographic and socio-economic composition and number of children of market area resident and worker families.
Market rates for child care in the area.
Available assistance for families.
The target market's family socio-economics.
Market demand for child care by age and socio-economics.
The quality of care to be offered.
The cost of development.
THE SCHOLARS GROUP has extensive experience in conducting market and economic feasibility studies.