Latest Jobs
- Nursery Manager - Cobham, Surrey
- £25K - £27K, South East England
- Nursery Manager - Billingshurst, West Sussex
- £26 - £30 K, South East England
- Nursery Manager - West London
- Up to £32,000, West London
- Nursery Manager - Reading
- 29,000-32,000 + Bonuses, South East England
- Nursery Nurse - London
- Up to £16,000, Central London
Report RE: opening a nursery FINANCES
Original Post
RE: opening a nursery FINANCES - 20-07-08 19:15
by: newsetting
How long is a piece of string? Rents will vary wildly from place to place and depend on location, size of building, who you are renting it off etc etc the list is endless. If you are looking at renting rather than buying, you will have to have about six months rent in advance (and commercial rents arent cheap!) to cover deposit and bond money, plus money to convert the building to a nursery(this can be as cheap as you like, but if you are setting up new can go skyhigh!), plus legal costs to cover the arranging of the lease (ballpark-mine last nursery cost me £3000 in legal fees to arrange the lease)
My first nursery ,I spent 200k on building and groundwork, 60k on equipment and 5k on legal fees (very very rough figures.
Last nursery was leasehold-I spent 85k on equipment, fixtures, fittings and refurb plus 3k on legal fees, plus 10k on landscaping the outside area. (again very very rough figures!)
Its not cheap!