Kid's Community College
1.0 Executive Summary
Kid's Community College® aims to prepare its students to excel as young leaders of tomorrow by combining an exclusive collegiate-based curriculum tailored specifically for children with enhanced, first class child care services. Unlike our competitors, we offer advanced technology programs, after-school tutoring, and activities such as arts and crafts, dance, theatre and gymnastics, all in one location.
Kid's Community College is a privately held corporation run by its owner, Timothy Bernard Kilpatrick, Sr. Mr. Kilpatrick has 17 years of Executive Management (VP) and Budgeting experience, and extensive experience with budgeting methodologies and strategic planning, including the Balanced Scorecard approach. His advanced degree (and interest) in computer science is the driving force behind our technology component. He will be supported in daily operations by an industry consultant, a campus director, and a VP of educational operations, all with extensive experience in child care fields.
With inflation continuing to rise each year, the typical American family now requires dual or supplemental incomes. This trend has created a need for quality child care services. The population growth rate in the Riverview area of Hillsborough County is now over 14.6%, leading us to anticipate expanding market potential for this industry in our local area. Price, service, certification and reputation are critical success factors in the child care services industry. Kid's Community College® will compete well in our market by offering competitive prices, high-quality child care services, and leading-edge educational programs with certified, college-educated instructors, and by maintaining an excellent reputation with parents and the community we serve. Kid's Community College® will focus on two subdivisions: 'Lake St. Charles' and 'The Villages of Lake St. Charles,' which are new upscale community developments within a 2 square mile radius, boasting over 900 new homes. Our target customers are dualincome, middle-class families who value the quality of education and child care we provide for their children, ages 4 months to 12 years.
We will open for business on January 1, 2003, starting with an initial enrollment of 13 students. We project healthy revenues by the end of the first year, and expect to nearly triple that by the end of 2005. Our biggest operating expenses will be compensation at industry standard rates for our highly-qualified personnel, and rent on our facilities, improved for our purposes during the start-up period. We would like to grow into four campuses, eventually, but growth is planned conservatively, to be financed from existing cash flow as we go. We anticipate a net profit beginning in our second year. To these ends, we are putting significant investment in the business, and are seeking a matching amount in the form of an SBA loan.
Sales increasing to almost double first year sales by the end of Fiscal 2004. Maintain a high raw gross margin by the end of Fiscal 2003.
Open second campus by the end of Fiscal 2004.
Begin franchise effort by end of Fiscal 2005.
"Some of the best years in life are the time spent as a child and later our collegiate years..." As working adults in a fast paced society, we sometimes forget just how precious and fleeting those years are.
With that in mind, imagine an alternative to traditional infant, day and after school care that not only met your child care needs, but also provided an activity based learning environment that mirrors those used at colleges, universities and vocational centers around the nation. A college community of professional care givers with the credentials to not only enhance your child's early social and motor skills, but to also teach them advanced studies in the arts and sciences found at...