Little Steps Child Care | Application Preview
Little Steps Child Care is seeking government grants to secure a prime property for expansion from a home-based operation to a fully-fledged childcare learning center. The proposed location offers significant advantages, and while leasing was considered, the financial burden of lease payments would greatly limit profitability. Owning the property is viewed as the optimal path forward.
The business plans to increase its capacity significantly, expanding operations to accommodate up to ten times the current number of children. With 18 years of experience in childcare and over 20 years in various successful business ventures, the team has demonstrated a solid track record with no operational failures.
Despite the competitive nature of the childcare industry, there remains a high demand throughout the year. The organization's business knowledge, strategic location, and commitment to staying current with market trends are vital components for success. Their determination to excel positions them well in the competitive landscape, with a strong focus on achieving top-tier status in the industry.
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General Information
Business Registration Number: 91-2071882
Location: Edmonds, WA, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
This funds are needed to acquire an existing property to expand my business from home base business to childcare learning center. The potential building is in prime location and will be the ideal property to acquire. I thought of leasing but after running the projected financial lease payments are so large that will consume great amount if revenue and will not produce the desired results. Owning will be the best possible business option.
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Business Plan
As indicated earlier moving from home childcare setting to childcare learning center that will have 10 times its capacity or even more. We have the experience, knowledge and ability to run successful businesses operations. That was demonstrated in the past 18 years but the limitations we have is its capacity as home childcare. The desire and the will to move to larger business (center) is the ultimate goal. We have been doing different business ideas as well in the past 20+ years with great success. No hick-ups whatsoever. Proven record will demonstrate that.
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Self Identified Competition
Childcare business is highly competitive but it is always in high demand year round. It’s like any business competition is always there and it provides healthy environment to always keep up with the business and market trends. Overall location, business experience, knowledge and determination will be key factors to consider. Again this is based on willingness to do the most that can be done to compete and be among the top tier in this industry.
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Contact Applicant
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