Australia is a country on the rise in all spheres. Its economy has seen steady growth over the decade. Not even the pandemic could stunt it, with the GDP going up 3.3% through Sept. 2020. The period also saw consumption at a 60-year high. Its central bank, the RBA, sees it growing by 5% in 2021 and 4% in 2022. Immigrants from all over the world are getting drawn to such promising prospects.
The total population stood at 25,687,041 in June 2020, with the annual growth rate being 1.3% or 321,300. 57.3% of that increase came from overseas migration, with the natural increase making up 42.7% at 304,100 births. 37% of households had children in 2016, with the number having remained around that mark since. These children will need early schooling and childcare.
For those interested in establishing such centres, the future is bright. The booming childcare need has created a strong demand for childcare businesses to spring up everywhere. You can buy a childcare business for a bargain price and with a variety of options.
Growing Children Contributing To Your Growth
Australia is a land of opportunity for anyone seeking to go into childcare. The benefits it offers are many to everyone involved. You can either buy a childcare business that’s already established or start a new one. The former has some additional benefits that can help with ROI.
Readymade Structure
In Australia, you can either buy the childcare business alone or both it and its operating building. The latter type is called business + freehold purchase. With such a purchase, you get the entire infrastructure needed to run a centre like plumbing, electrical, classrooms, play area, etc.
Many such structures are tailor-made to run a childcare centre there. Since you’re buying both the business and the freehold, you will get a good bargain on the building’s price. The yield price here is a percentage of the business’ net profit.
The other option is to buy the business and lease the structure. In either case, you needn’t scout for locations to set up a dedicated building for running the business. There likely won’t even be the need to repaint the structure accordingly.
Equipment and Personnel Come Included
Children need their minds to be engaged incessantly with learning and play aids. These things can add a large chunk to the setup budget of a new childcare business owner. Other classroom essentials like stationery, writing board, furniture, etc., will come as a package upon the building’s purchase. Some cleaning and rearrangement and you’re good to go.
Staff is a vital component of the childcare industry. They don’t just manage the children but also make a lasting impact on their psyche. Only qualified and caring staff members who enjoy working with children can handle such a big responsibility well. Looking for such people can be a real chore if a business is anew. Buying an existing one will come with staff included, saving you the trouble.
Regulatory compliance, including insurance, will be automatically taken care of unless otherwise the case.
Good Prospects
Currently, Australia’s childcare industry employs 164,612 personnel across 12,984 centres. While the last few years have been challenging, especially with the previous year’s pandemic-related issues, the future looks bright. The July 2020 attendance figures for centre-based services were 100% compared to pre-COVID levels.
The federal government’s plans to introduce fee-free childcare services will affect the industry. New normal like WFH might make people reconsider childcare options, but the government grant will guarantee a sustained income.
Australia is a warm place for children to grow-up. You can buy a childcare business to help them in that process and realise their dreams.