Business Plan For Kingdom Kids Day Care

BUSINESS PLAN
FOR
“Kingdom Kids Day Care”

Submitted by:
Timothy Lowery
2900 Waverly Pkwy Opelika, AL
334-750-3667
03/06/2015
Table of Contents
I. Name of Business
II. Ownership of Business
III. Information on the Business
a. Type of Business and Products & Service
1. Mission Statement
b. History of Business
c. Location and Hours of Operation
d. Revenues and Accounting
e. Inventory and Supplies
f. Contracted Services
g. Legal
h. Current Proposal
IV. Market Analysis
V. Marketing Strategy
VI. Management Plan
a. Management
b. Employees
I. Name of the Business
The business will be known as "Kingdom Kids Day Care".
II. Ownership of the Business

The business will be formed as an Alabama corporation with four stockholders: Timothy &
Suzanne Lowery and Robert & Linda Brogdon. Each stockholder will own 25% of the issued
stocks and equal to their individual paid- in capital. The formal charter and agreement will be in
accordance with the laws of the State of Alabama and will be drawn up by the following
attorney:
Hand and Associates Law Firm

2214 Gateway Drive, Ste. G
2214 N 8th St, Opelika, AL
(334) 741-4077
III. Information on the Business

a. Type of Business and Products or Service
The purpose of the business is a child care center that will provide services to the Opelika
/Auburn residential, commercial, and industrial community located within a 6 mile radius of the
proposed center location.
Mission Statement:
To provide quality child care services to the ever expanding residential area surrounding
Waverly Pkwy, Opelika. Kingdom Kids Day Care focuses on providing full services with an
emphasis on convenient hours, educational and social skills development, as well as being in a
family Christian environment. The center will operate as a licensed child care center that will be
licensed by the state of Alabama and will have their license renewed every two years. (Licensing
Overview, 2015).
b. History of the Business

As a start-up business, there is no history as such. All owners have experience dealing with
children of all ages. Mrs. Lowery has more than 5 years of teaching experience in public and
private schools and holds a Bachelor’s Degree in Elementary Education, as well as, currently
pursuing her Master’s degree in Child development. Mrs. Brogdon has over 30 years of
experience in the child supervision and events organization area, previous daycare employment,
teaching Sunday school classes, as well as raising four children. Mr. Lowery, who will manage
the administrative duties of the center, has over 10 years of administrative experience, as well as,
currently pursuing a Bachelor’s in Business. Mr. Brogdon has been a business owner in the past
with over 20 years in business.
c. Location and Hours of Operation

The proposed business location will be at 2900 Waverly Pkwy, Opelika, which is currently
owned by Mr. & Mrs. Brogdon. The undeveloped land includes a lot zoned as B-4 "General
Business District". The business hours will be from 6:00 A.M. to 6:00 P.M. Monday through
Friday, with the potential to extend days and hours. The center will be closed New Year’s Eve,
New Year's Day, July 4th, Thanksgiving, Christmas Eve and Christmas.
d. Revenues and Accounting

Revenues will be generated by providing reliable and quality child care services to the
Opelika/Auburn area. Full accounting records will be maintained by Kingdom Kids Day Care.
The following accountant will be used for the preparation of business financial statements and
taxes:
Crowley, Thomas P CPA

1705 Pepperell Parkway
Opelika, AL
(334) 749-5210
e. Inventory and Supplies

Inventory will be limited to consumable office, cleaning and kitchen supplies. Office and
cleaning supplies will be replenished on as- needed basis. Kitchen supplies, consisting of food
items for meals and snacks, will be purchased weekly from Sam’s Club.
f. Contracted Services
A local cleaning company will be contracted to perform a weekly sanitization of kitchen,
bathrooms and all carpets. All chemicals will be in adherence to all state and federal laws.
* see appendix I for vendor contract with Peachy Clean
g. Legal
The business will be in compliance regarding the rules and regulations of the Alabama
Department of Protective and Regulatory Services, Structural Pest Control Board and the
Alabama Department of Health. The owners will obtain the required operating licenses issued by
the Alabama Department of Protective and Regulatory Services (Day Care/Child Care Licensing
and the Child Care Administrators License). Contractual agreements and other legal services will
be provided by the following attorney:
Hand and Associates Law Firm

2214 Gateway Drive, Ste. G
2214 N 8th St, Opelika, AL
(334) 741-4077
h. Current Proposal
As the need for child care services in the Opelika/Auburn area grows, so will the operation of
Kingdom Kids Day Care. Mr. and Mrs. Lowery & Mr. and Mrs. Brogdon have a total of $90,000
to invest in this project (land appraised at $50,000 and $40,000 in cash or cash equivalents). Mr.
and Mrs. Lowery & Mr. and Mrs. Brogdon need additional financing for two business loans,
totaling $150,000.
Projected Business Start-up Costs
Description Amount
Construction of Facility (15 year loan) $100,000
Equipment (7 year loan) $ 30,000
Furnishings (7 year loan) $ 20,000
Total $150,000
IV. Market Analysis
The Opelika/Auburn area is rapidly expanding through residential and commercial development.
Kingdom Kids Day Care specifically targets the working population with children ages six
weeks to twelve years who live or work within a six- mile radius of the proposed center location.
Potential exists for services to parents working evening shifts or weekends at commercial and
industrial firms such as the hospital and Kia Motors in the Opelika/Auburn area.
At the present time, there are several child care center that offers direct competition, but with the
growth in this area, more child care centers are needed.
V. Marketing Strategy
Kingdom Kids Day Care will be promoted in various local media. Clients have already begun
promotion by word of mouth. Response has been favorable. Formal advertising is planned to
begin three months before the center is scheduled to open. Social media will also be used since it
has shown success in other local businesses.
Kingdom Kids Day Care will also help with community outreach with sponsoring local sports
teams from the community. This will also help with marketing as well as helping the local
society.
VI. Management Plan

Mr. Lowery will be responsible for the overall operation and administration of Kingdom Kids
Day Care. Mr. Brogdon will be responsible for all upkeep on the building and grounds of the
center. Mrs. Brogdon and Mrs. Lowery will be responsible for the teaching staff as well as act as
teachers themselves. The selection and retention of employees, as well as the expenditure of
funds will be jointly shared.
Employees
Other than managing partners, teachers will be hired to assist in the daycare as well as a person
will be hired to handle the preparation of meals. The staff will adhere to child to adult ratios to
protect the health and safety of all children (Parenting support, 2015).
VII. Conflict Resolution

One possible disagreement between partners could be debt collection for service provided and
the best possible way to collect this debt. One possible way to resolve this dispute is to refer to
the contract signed by parents, as well as fair debt collection practices act by validation of all
debt (Fair Debt Collection Practices Act, 1996). If this does not solve the issue the attorney on
file will be consulted to solve the conflict as well as any other conflict that could not be handled
between partners.
References
Fair Debt Collection Practices Act. Federal Trade Commission. Sept 1996. Retrieved from:
https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-
debt-collection-practices-act-text
Licensing Overview. Alabama Department of Human Resources. 2015. Retrieved from:
http://www.dhr.state.al.us/services/Child_Care_Services/Licensing_Overview.aspx
Parenting Support FAQ. Child Development Council. 2015. Retrieved from:
http://www.childdevelopmentcouncil.org/faqs/view/8
Appendix I.
Contract for Services Rendered

This is a contract entered into by Peachy Clean (hereinafter referred to as “the Provider”) and
Kingdom Kids Day Care (hereinafter referred to as “the Client”) on this date, April 1, 2015.
The Client hereby engages the Provider to provide services described herein under “Scope and
Manner of Services.” The Provider hereby agrees to provide the Client with such services in
exchange for consideration described herein under “Payment for Services Rendered.”
Scope and Manner of Services
Services to Be Rendered by Provider: Sanitize all restrooms, and kitchen as well as steam all
carpets on a weekly basis and shampoo carpets on a quarterly basis using approved cleaners for
childcare centers.
<1. Audit the Client’s business accounting records in accordance with generally accepted
accounting principles, and provide to the Client a written audit report conforming to the
guidelines of the Institute of Internal Auditors.>
Payment for Services Rendered
The Client shall pay the Provider for services rendered according to the Payment Schedule
attached, within 14 calendar days of the date on any invoice for services rendered from the
Provider.
Should the Client fail to pay the Provider the full amount specified in any invoice within 14
calendar days of the invoice’s date, a late fee equal to $30 shall be added to the amount due and
interest of 15% percent per annum shall accrue from the 21st calendar day following the invoice’s
date.
Applicable Law
This contract shall be governed by the laws of the County of Lee in the State of Alabama and
any applicable Federal law.
Signatures
In witness of their agreement to the terms above, the parties or their authorized agents hereby
affix their signatures:
______________________________ _______________________________
(Printed Name of Client or agent) (Printed Name of Provider or agent)
_______________________________ ______________________________
(Signature of Client or agent) (Date) (Signature of Provider or agent) (Date)

Payment Schedule
Weekly cleaning fees $75

Quarterly carpet service $125
Weekly services will be billed weekly and Quarterly services will be billed March, June, Sept
and Dec and will be due 14 days after invoice.

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BUSINESS PLAN

“Kingdom Kids Day Care”

II. Ownership of the Business

Hand and Associates Law Firm

III. Information on the Business

b. History of the Business

c. Location and Hours of Operation

d. Revenues and Accounting

Crowley, Thomas P CPA

e. Inventory and Supplies

Hand and Associates Law Firm

IV. Market Analysis

VI. Management Plan

VII. Conflict Resolution

Licensing Overview. Alabama Department of Human Resources. 2015. Retrieved from:

Parenting Support FAQ. Child Development Council. 2015. Retrieved from:

Contract for Services Rendered

(Signature of Client or agent) (Date) (Signature of Provider or agent) (Date)

Weekly cleaning fees $75

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