Aussie Childcare Network Forum • Business venture
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Business venture

Posted: Fri Apr 30, 2021 7:54 pm
by Mel82
Hi I would like some advice on a business venture into becoming provider of a service with an associate being stakeholders and myself being provider and director

Re: Business venture

Posted: Sat May 29, 2021 1:31 am
by Butterflyblue
I'm guessing you are talking about opening your own ecec service?

You could purchase a franchised childcare centre. You will be the approved provider of the service and the company are the stakeholders

If you mean an associate to be someone you already know that would be a general business decision with staff, stakeholders, board etc

You are free to hire/appoint whoever you want within the law.

Let me know if you have any questions and I'll do my best to answer :)

Re: Business venture

Posted: Sat May 29, 2021 8:02 pm
by Mani.k
Hello there,

Yes, I want to open my ELC and don't want to go for franchise.
Is it possible to buy house and turn into ELC,if yes then what would be the requirements and procedures ?
How can I apply for the approval?

Re: Business venture

Posted: Sun Jun 06, 2021 3:27 pm
by Butterflyblue
You could buy a house and turn it into a childcare centre but a domestic house might present a lot of hoops to jump through to be legally up to scratch

Some options could be to
-  buy a non franchised centre and rebrand.
This way you don't need to build a facility but can renovate or refurbish instead

- buy an already existing facility that isn't a childcare and turn it into one. This is like the inbetween option

- buy a property and build a centre on it. This way you can design whatever you want

There are two main parts to opening a childcare
Firstly register your early childhood education and care service with the Goverment and receive provider, service and subsidy approvals

The other is to be compliant with local and state law related to your business. The requirements and procedures would be related to lots of factors. You need to be registered before your build, purchase etc a childcare.

You can't just build a childcare you'll need council permission, they'll then give you a permit, do zoning, check building codes have been followed etc They can also allocate conditions on the use of the property, maintenance required etc

Generally buying an existing childcare is cheaper, building a new place is a very expensive endeavour.
Childcare in general is high risk, even more so with covid so consider hiring a consultant and take some time to research and plan, its a numbers game.

Put some links below hope its helpful ;) ... ew-service ... are-centre ... -childcare