(JERSEY CITY) I downloaded a list of New Jersey actively licensed day care centers from the state’s website yesterday after hearing about a story in the news. I was curious because my father once operated a very successful children’s daycare center at the property he is now selling located at 46 – 48 Martin Luther King Dr.
A couple of times he has decided to retire, and has bent over backwards to help new entrepreneurs get into business. Suffice it to say, getting into business is a lot different than staying in business.
There is a certain dynamic to successfully operating a business that the community will support in Jersey City. Childcare is certainly one of those businesses that can be profitable, but they must have strong management. The consumer need is definitely there.
If you look at the census data, and compare this to available child care daycare centers in the area; on the surface, there is a shortage of daycare centers. When you reduce the list to childcare centers that actually have a good reputation the list gets shorter. Not all daycare are created equal.
Even if you have a nice facility, and strong management, you can still be handicapped by hiring the wrong people. Based on my experience, you can put yourself ‘out of business’ by putting the wrong people on your payroll. Hiring people just because you know them? Start counting the days until closure.
The employees often don’t realize that ‘WASTE IS NOT YOUR FRIEND’. Every dollar wasted is a dollar that won’t be available to pay expenses of the business, or be available for growth opportunity to take the business to new levels of profitability.
Take our building at 46 Martin Luther King Dr, which is for sale at the moment. It was a licensed child daycare facility. So why is it closed today? Retirement. This retirement was expedited because, the older you get, sometimes you just get tired of telling people over and over to do the same things that they should be doing anyway. And when you hire, friends, family, and friends of family – a lot of baggage comes along the way.
In response to the needs of the community, honestly, I’ve been thinking about re-opening the children’s daycare center at 46 Martin Luther King Dr. If nothing else, it would let me return to something I miss and really enjoyed. Nearly every morning, my father and I would meet early in the morning, and have coffee. We talk about everything. We’d debate. Strategize, consider new ideas, address challenges, solve problems, etc. I didn’t always agree with my father on everything. But we’d agreed on most things (90%).
My father is a lot more nicer in business than I am. He tends to want to give people chances, and tolerates a lot. I look at things from a more analytical, number perspective. Often, he reasoning, and unique way of approaching things astonishes me!
If I were to re-open the daycare center, I would do things a lot differently. People have come to us and asked us to re-open the children’s daycare center. I even taken a survey and asked a sampling of community residents what they feel would make a good daycare in TODAYS present market. Their feedback was amazing.
As you can see from the photos, our facility is very, very clean, and well maintained. Our community appreciates the way the facility is always kept very clean, and in excellent condition.
Although the market demographics are changing, this facility is well positioned to serve all families in the community.
When we operated the facility, we were licensed and approved for over 100+ kids.
Truthfully, I’m considering re-opening the facility if it doesn’t sell. It’s a great opportunity for someone with fleet feet, who can act and move quickly. At least I have a few months to make up my mind. That gives me more than enough time to talk more with parents in the area, and consider some new technology integration, that could improve the quality of service.
It would also give me more time with my father, and we could return to our regular morning coffees together.
If you’re thinking about purchasing a child daycare facility, I would urge you to consider our building at 46 – 48 Martin Luther King Drive. It’s for sale. But, we might change our minds. We’d be more than happy to work with you and share our contacts, our experience, and network with you. This is a HUGE VALUE ADD and could save you years of headache and put you on the fast track to prosperity. If you’re interesting in talking about this, use the form below, and we’ll get back to you shortly. Have a great day.