Inspirational and Empowering Child Care Business Owners To Build Successful Child Care Businesses

Posts tagged ‘Child Care Business’

To Lease or To Buy?

rent-vs-buy

Do you own a Child Care Center? Are you leasing or buying your Building? I signed a lease my first Child Care Center in 2003. In fact, at the time that I was searching for a building for my first Child Care Center  and  I preferred to lease.

Leasing just seemed to be an easier route for me back in 2003. There was no closing cost and I didn’t have to put down 20% of the price of the building.

Furthermore, if I discovered that my first location was not great, I could leave at the end of my lease and not worry about having to sell the building.

After leasing the building for 11 years, I have decided to buy the building. It has been established that the location is profitable and also, after speaking with a banker and doing lots of research on the owning the building, it is in the best interest of your business to own the real estate.

Furthermore, after doing the math, owning the real estate increases the value of your business and it makes sense in the long run to buy the building.

For example, for 11 years I paid over $24,000 a year to lease my building. However, I have discovered that a mortgage could save me $12,000 a year! Now that makes sense to me and I could use another $12,000 a year in my budget!

If you have been leasing your building for at least 5-10 years, its probably time for you to buy your building and increase the value of your Business. In the event that you decided to sell your Business, you will get more for the business, if it comes with the real estate!

Are you currently looking for a building? Not sure if the location is a profitable location? I’m not a real estate expert, however, I believe that it is safe to say that you may want to lease the building for at least 3- years, before you commit to buying it.

Do you Lease or Do you Own Your Building? Leave your thoughts below…

Shiketa

Think about expanding? Schedule your Expansion Coaching Session with me today! 

Resource Articles

http://www.bizfilings.com/toolkit/sbg/office-hr/your-workplace/business-facility-lease-or-buy.aspx

http://www.inc.com/guides/2010/07/how-to-purchase-commercial-real-estate.html

Category:

Business Management, Start a Child Care Business

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Easter Party Planning Tips

Easter is only a week away and I wanted to share some Easter party planning tips with you!

  1. If you will have egg dying activities, invite the parents to boil eggs at home and send the eggs with their children on Thursday or Friday of this upcoming week. Having the parents to boil eggs  will save lots of time.
  2. Invite a parent to assist you with hiding eggs on the playground for your egg hunt. (Also, be sure to invite parents to send an Easter basket for their children.)
  3. Decorate your classroom tables with spring colors: Purple, pink or yellow table cloths, Hang purple & yellow streamer, then add some festive helium Easter balloons to your classrooms.
  4. Be sure to serve some Easter decorated cupcakes or cookies!
  5. For some cool craft ideas, be sure to check out Pinterest, click here
  6.  Don’t forget to share the Easter Story with your little ones! click here
Happy Easter!
Shiketa
What do you have planned for Easter? Please leave your comments below….

Category:

Events

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