Daycares are in high demand, but starting one in the Lower Mainland is no easy task. As more parents return to work, the gap between the need for quality childcare and available spaces keeps growing. Here, we’ll explore the challenges and opportunities of leasing or establishing a daycare, and why it’s a complex but rewarding venture.
Challenges of Leasing Space for Daycares
Finding the right space for a daycare is challenging due to strict zoning regulations. Only certain commercial properties qualify, limiting suitable locations. Once a space is found, it must meet stringent safety and building standards, including secure entrances, child-safe washrooms, and outdoor play areas.
The permit process can take 6 to 12 months, causing delays for operators and lost rental income for landlords. This extended timeline makes daycare leases more complex and can deter property owners from leasing to childcare operators.
Childcare Supply Shortage
Due to these challenges, quality daycare facilities are scarce, leading to long waitlists. Families struggle to secure safe, nurturing childcare while balancing work commitments.
Turnkey Daycare Facilities
To address the shortage, turnkey daycare facilities are becoming popular. These properties are fully built out to meet daycare standards but have no children enrolled yet. Prices can reach up to $1 million, depending on the size. It’s important to note that even though the operator buys a fully functional business, the property itself is still leased.
Community Considerations
The success of a daycare isn’t just about the building—it’s also about community. Parents want convenience, safe surroundings, and a nurturing environment. Daycares that build strong community relationships create a positive experience that keeps parents coming back.
Conclusion
Starting a daycare is challenging but incredibly rewarding. With proper planning and guidance, these challenges can be overcome, providing vital support to working families.
Call to Action: Contact us to either help you find or help you sell your daycare. Our team of experts is here to support you through every step of the leasing, buying, or selling process for daycare facilities.
