How much do you make owning a daycare?
Owners of daycare centers profit an average of $37,000 per year. While some owners of daycare centers report earning over $60,000 profit per year, the other side of the spectrum reported hauling in less than $20,000 profit. There are several factors that lead to these numbers including location, size, and demand.
Is owning a daycare profitable?
While sales growth for the industry has dipped slightly since 2013, from 8 percent to 5.6 percent, net profit margin has risen steadily since 2011. According to the U.S. Census Bureau, the cost of child day care services rose 70 percent between 1985 and 2011, to $143 per week.
Is opening a daycare worth it?
A home daycare can be a great business opportunity for aspiring entrepreneurs who love children. When operating out of your home, the startup costs and risks are low when compared to other businesses, while the opportunity for monetary and emotional rewards are high.