Forum Daycare Forum

Go Back Forum > Main Category > Daycare Center and Family Home Forum

Daycare Center and Family Home Forum Daycare Center and Family Home owners, Directors, Operators and Assistants should post and ask questions here.

Thread Tools Display Modes
Old 10-22-2013, 09:24 AM
grneyes1234's Avatar
grneyes1234 grneyes1234 is offline
New Member
Join Date: Oct 2013
Posts: 3
Default Build or Buy???

I graduate in Dec with an Associates in ECE and I want to open a child care center. I think in would be great in my location. I would like to start from scratch but seems like I can't find the perfect and affordable location. I think it would cost more to build ground up. So I started looking into commercial property. I found a place that is 3,200 sq ft for 45,000 but has been gutted. It use to be a restaurant and it has been closed for 5 years or so. They started to remodel and just stopped. My question is this... Would it be harder to bring this property back up to code or buy and start ground up? For people who have bought property... What kind of question should I ask seller, prior to purchase? Will the HD come out and inspect without having bought this property? I'm so lost and don't know where to begin. I live in MS and I read somewhere that before I start renovation I should bring HD the floor plans. Any direction/guidance/advice would be of great help.
Reply With Quote
Old 10-22-2013, 09:26 AM
Blackcat31's Avatar
Blackcat31 Blackcat31 is offline
Join Date: Oct 2010
Posts: 19,760

Welcome to the forum!

I am not any help as I am in MN and have never built a center or run one either. I do think there are several members from your state on the forum though and perhaps they can be helpful for you.
Reply With Quote
Old 10-22-2013, 09:43 AM
smart's Avatar
smart smart is offline
Join Date: Jan 2013
Location: Illinois
Posts: 11

1. I'm not sure what the condition is inside, but if it's in "gutted" condition then there is probably no advantage. If the walls, floors and kitchen are in usable condition, there is an advantage

2. If you could get your local city and state departments to stop by for a courtesy visit, that would be idea. some places do that (in Chicago they do). Another bonus idea, google an architect who's done daycares in your area and bring her/him there for a preliminary bid and ask what would need to be done.

3. Ask the seller anything you want such as yearly property taxes, why has it been so hard for him to rent (Maybe the location isn't great), would he do a lease to own, would he pay for part of the renovations, would he finance some renovations and you can pay him back as part of the rent, what condition are the mechanicals like heat / ac / etc. in? who pays if they break?
Reply With Quote

build daycare, buy a daycare

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
To Build or Buy? What Must Haves Do I Need? LaLa1923 Daycare Center and Family Home Forum 5 01-31-2013 11:52 AM
I Want To Build This! SilverSabre25 Daycare Center and Family Home Forum 9 08-22-2012 05:07 AM
We Went On A Build A Bear Field Trip Today... newtodaycare22 Daycare Center and Family Home Forum 5 12-21-2010 06:21 PM
How to Build a Clientele? casg415 Daycare Center and Family Home Forum 6 09-09-2010 01:33 PM
I want to build a water/sand table? How?? Unregistered Daycare Center and Family Home Forum 1 12-06-2008 10:41 PM

All times are GMT -7. The time now is 08:34 AM.         Find A Daycare         List Your Daycare         Toys & Products                 About Us
Please read our Disclaimer before continuing.

Topics pertain mainly to the following States:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming