Do you want to start a montessori school business and you want to know the cost? If YES, here is an estimated cost breakdown to open a montessori school. Firstly, what is a Montessori School all about? The Montessori Method of Education, developed by Italian physician Maria Montessori, is a child-centered educational approach based on scientific observation of children. Montessori’s method has been used for over 100 years in many parts of the world.
The Montessori method views the child as the one who is naturally eager for knowledge and capable of initiating learning in a supportive, thoughtfully prepared learning environment. It attempts to develop children physically, socially, emotionally and cognitively.
The basic difference between Montessori school and other public and private schools is that Montessori schools are classified as public or private schools of choice. It means that each household has the option of choosing them for their wards if they so desire. Montessori schools are known to operate with freedom from some of the regulations that are enforced upon district schools in the United States.
Furthermore, it is the practice for Montessori schools to be held accountable for academic results and for upholding the promises they made in their charters. As a matter of fact, they are required to demonstrate performance in the areas of academic achievement, financial management, and organizational stability. If a Montessori school fails to meet the set performance goals, the school is likely going to be closed down.
The Estimated Cost Breakdown to Open a Montessori School
When it comes to starting a Montessori school, the major areas that you should look towards spending the bulk of your cash is in renting or leasing a standard facility and converting it into a Montessori school facility and equipping the school with the needed learning aids and gadgets. Aside from that, you are expected to pay your employees and utility bills.
These are the key areas where you are expected to spend your startup capital on;
- The total fee for registering the business in the United States of America – $750.
- Legal expenses for obtaining licenses and permits as well as the accounting services (Montessori related software, P.O.S machines and other software) – $5,300.
- Marketing promotion expenses for the grand opening of the Montessori school in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
- The total cost for hiring a business consultant including writing a business plan – $2,500.
- The total cost for the purchase of insurance (general liability, health insurance, workers’ compensation and property casualty) coverage at a total premium – $12,400.
- Acquiring a large facility that will accommodate the number of block of classes, playing field, staff offices and parking lots et al (Re – Construction of the facility inclusive) will cost – $550,000.
- Equipping the classes and office (the needed Montessori learning aids and gadgets, computers, printers, projectors, markers, pens and pencils, furniture, telephones, filing cabinets, and electronics) will cost – $150,000
- The cost for start-up inventory (stocking with books, writing materials, markers and staff manuals and other stuffs) – $15,000
- The cost for front desk equipment (cash register, security, ventilation, signage) – $4,750
- Other start-up expenses including, commercial satellite TV subscriptions, stationery ($500) and phone and utility deposits ($2,800).
- Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $150,000
- The cost of purchase and installation of CCTVs: $10,000
- The cost for the purchase of school buses: $50,000
- The cost of launching a website: $600
- The cost for our opening party: $10,000
- Miscellaneous: $10,000
From the rough estimate as listed above, you would need a minimum of nine hundred and seventy – seven thousand six hundred eighty USD ($977,680) to establish a medium – scale but standard Montessori school in any city in the United States of America. Please note that this amount includes the salaries of your staff for the first three months of operation.
Please note that this is a rough estimate and we usually advise our readers to go to the market or directly contact wholesalers and suppliers of Montessori learning aids and gadgets, academic items, and other related stuffs they will make use of in the school in order to get the real time prices of these items. The truth is that if you are a good bargainer, you can get a better deal that will help you beat down the estimated price as listed above.