Buy Vs. Build A Childcare Centre
Whether you are borrowing from a lender or not, you should have an approved Business Plan. (Email me for a Recommended Accountant who will develop a Business Plan at an inexpensive cost). The Business Plan acts like a road map for the success of your business. It describes how you will make and spend your money and shows how you will pay your debtors. The Business Plan will show your business on paper and can act like a budget for Income and Expense spending.
Existing Property and Business
Subject to your finances and your ability to borrow from a Lender, the preference is to purchase a property with a Childcare business operating in it, thereby bypassing the need to re-zone a property. The fact that the Childcare business is already meeting the Ministry of Education's criteria and the property meets the Municipality's criteria gives you a much smoother transition into your own business. Given the Childcare business is in operation, it would come equipped with employees, registered children, materials, equipment, furniture, etc.
Existing Business in Leased Premises
The second choice, and least expensive, would be to purchase an existing Childcare business on leased premises. Again; the business would already meet the criteria of the Ministry of Education and the Municipality; given the business is in operation, it would come equipped with employees, registered children, materials, equipment, furniture, toys, etc.