Daycare.com Forum Kidacare by Minute Menu Force of Nature Disinfectant HiMama Childcare App

Go Back   Daycare.com 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.

Reply
 
Thread Tools Display Modes
  #1  
Old 02-28-2012, 12:08 PM
Unregistered
Guest
 
Posts: n/a
Default Raising Rates

Hi. I am considering taking over an already existing daycare. The school is awesome!! In order to "break even" the school needs 54 students. Currently the school has 51 students and is licensed for about 100. The owner is currently in the hole every month about 3-4,000 p/mo. the school is AWESOME, but it is a hidden jewel. The owner is hardly there and has other facilities and is unable to advertise and market, etc b/c of his schedule. I am considering taking over the lease and keeping the existing staff, director, etc but am considering raising the tuition about $12 a month to make up for the loss and also do marketing and other things to get the word out. The tuition is currently priced about 200-300 dollars LESS than comparable preschools/daycares in the area. It offers Spanish, a full computer lab and so many other amenities! I am just worried about the parent's reaction to new ownership and the $48 p/mo increase. Any thoughts or suggestions??
Reply With Quote
  #2  
Old 02-28-2012, 12:23 PM
nannyde's Avatar
nannyde nannyde is offline
All powerful, all knowing daycare whisperer
 
Join Date: Mar 2010
Location: Des Moines
Posts: 7,294
Default

Is it really a school or do they just call themselves a school? Do they have licensed teachers or are they just regular staff assistants?
Reply With Quote
  #3  
Old 02-28-2012, 12:32 PM
Unregistered
Guest
 
Posts: n/a
Default

The preschool teachers are certified, etc. It's age 6 wks -4. Also has some after school children up to age 12
Reply With Quote
  #4  
Old 02-28-2012, 12:50 PM
wdmmom wdmmom is offline
Advanced Daycare.com
 
Join Date: Mar 2011
Location: WDM, IA
Posts: 2,669
Default

If they are 200-300 below the average cost, I don't see where $2.40 a day is going to make or break anyone.

It's a very small offset in comparison.

I would consider establishing a few new clients first. And, rather than $12 per week, you might want to try $10. People tend to like nice round numbers.
Reply With Quote
  #5  
Old 02-29-2012, 07:32 AM
Unregistered
Guest
 
Posts: n/a
Default

Thanks! As a mother myself I was thinking that it wasn't that significant of an increase, but just wanted to get some feedback!
Reply With Quote
Reply

Tags
raising rates, rate increase

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may 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
Raising Rates Creek Daycare Center and Family Home Forum 3 06-22-2012 07:33 AM
Thinking About Raising Rates quietpoet2004 Daycare Center and Family Home Forum 2 05-02-2012 12:40 PM
How To Tell Parents You Are Raising Rates? sahdaycaremom Daycare Center and Family Home Forum 4 10-29-2010 10:07 AM
Is Anyone Out There Raising Their Rates This Year? Unregistered Daycare Center and Family Home Forum 7 11-09-2009 10:27 AM
Raising Rates mac60 Daycare Center and Family Home Forum 2 05-25-2009 09:39 PM


All times are GMT -7. The time now is 07:50 AM.



Daycare.com         Find A Daycare         List Your Daycare         Toys & Products                 About Us

Daycare.com
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