Estimated Costs
Salary-
Weekly- $3900- (roughly 5 to six staff with supervisor
salary being $20 an hour
Monthly-
$15600- regular staff pay between $12-$14 per hour
Rent-Monthly- $5000
Insurance (Car,kids)-
Monthly- $333 monthly
- Yearly without car
$4000 estimate from insurance agent
Total estimated costs per month-
$20933
Total estimated costs per year-
$251196
Fee’s For Children
Main Stream Children (per child)-
$ 4.37 per hour- $35 per day- $175 weekly-$700 monthly- $8400 yearly
Children with Special Needs-
$6.25 per hour- $50 per day- $250 weekly- $1000 monthly- $12000 yearly
Main Stream Children (per 10)-43.75
per hour- $350 per day- $1750 weekly- $7000 monthly- $84000 yearly
Children with special needs
(per 15)- 93. 75- $750 per day- $3750 weekly- $15000 monthly- $180000
yearly
Total Fees (10 main stream,
15 special needs)- 137.5 per hour- $1100 per day- $5500 weekly- $22000
monthly- $264000 yearly
The daycare would ideally be located near public transit to accommodate people who rely on taking the bus. This would cut down on travel costs and time. Our objective is to eventually have many locations to serve other communities in Greater Toronto, but The Brampton/Region of Peel district seems like the ideal location for startup, because of the large concentration of people who could benefit from this service and the relative lack of alternatives for these families. With strong fund raising activities (such as a formal fundraising dinner, casino nights, golf tournaments), and registering as a not-for-profit charity organization with the city government to secure public assistance, we would be able to make the cost as such that it becomes a reasonable option for the guardians of special needs children who are not enrolled in school, and adults who have no available programmes. The institution believes that these people do not get the attention and consideration they deserve from the government and businesses targeting audiences. It is time they receive some fair and beneficial treatment, which will make not only them happy, but influence everyone in their community positively.
