Running Costs Of A Nursery?

[laura]

A day nursery in our town is closing at half term. Now although this is very sad my first thought was 'what is happening to their building?' as we rent a hall and would love our own premises.

 

I contacted the people that own it and they told me that they rent the building at £8000 a year and that with utility bills and rent it comes to £1600 a month!!!! I couldn't believe it, no wonder they are having to close. I don't know whether I am living in cloud cuckoo land but surely £20,000 a year on rent and bills is rather a lot. Our dreams have been dashed - we currently only pay about £3000 a year!

 

Oh well, will have to keep on dreaming....... sigh

[Cait]

It does seem a lot of money - you could get a good mortgage for that!

[Guest]

It is true!

I lease a council building and the lease alone is £8500 per annum then I have to pay all utilities, business rates etc etc......

I also employ 7 staff so find myself doing alot of juggling. I am determined to keep going though as we are the only pre-school in our area and we have a really good reputation although that doesn't pay the bills unfortunately.

I went to a meeting last night to discuss the single funding formula and came home with a headache. I think many more groups will be closing once it comes into effect!!!

[Guest]

I guess if it was your building you could boost the finances by trying to ensure it got used outside of your opening hours, maybe for training courses,after school club, parent and baby groups, antenatal yoga etc.