Kyrie:

Yes it's estimated at $800 after FTWM subsidy. Price aside, any comments about MMI in general? Comparing MMI and Carpe Diem in Kallang which is newly opened. I actually love the place at Carpe Diem.. big and roomy.. only problem is the distance for me though my hubby works in Kallang. Cos I'm the one who will pick him up everyday after work..so definitely somewhere near duxton is better...

happydaddy:

Kyrie:

The childcare centre that is opening at pinnacle is MMI preschool. Any comments about it? Intending to put my little one there when it opens in mid July..

The fee i heard the CC fee will be around > $1.1k, infant will be at least $1.5k or more because of rental $30k to $40k.

Why childcare at HDB charging such a high fee? They think Duxton resident are rich? Duxton resident should boycott that centre for charging them such a superb high fee!

The rental assume $35k, staff pay $30k plus $10k misc. guideline 70 students breakeven...

Anyway, duxton resident have a choice, beside the CC is PCF....

keenDaddy:

The flats are highest in singapore...

so the fees have to match up to the buildings' height

wonder if the place will be air conditioned?

Kyrie:

The childcare centre that is opening at pinnacle is MMI preschool. Any comments about it? Intending to put my little one there when it opens in mid July..

Han Seo:

This is my very personal opinion on running an educational institution for young children:


It's difficult to meet educational objectives with running a business. There are often conflicts of interests between the two. For example, the owner may want to do what's best in the interests of the children (assuming she has knowledge in early childhood education), in terms of pedagogy (e.g. experiential learning rather than worksheet-based) but parents may not buy that belief. In order to keep the revenue coming in (no children means no business), some owners will just bow in to every parents' requests and the owner can forget about running the centre based on pedagogical principles.

It is not impossible to combine the two but it's a herculean effort to be able to run a preschool centre in Singapore that is based on early childhood principles and yet make a decent profit at the same time. Unless, of course, one is in this business purely for the sake of money, in which case, anything goes, including having exams at kindy level.

insider:

Errr...the one who won the bid at $40K+ heard back out from the bid (and suffered penalty, etc). Now Ah Gong re-opens tender to selected few.

insider:

fftw:

After all that is said and done, I now no longer wish to send my child to the childcare centre at the Pinnacle.

Errr...the one who won the bid at $40K+ heard back out from the bid (and suffered penalty, etc). Now Ah Gong re-opens tender to selected few.

Workable rent for that place is around $20K but likely to close at around $28 - 30K (even at $28K, it is a kind of 'chuan' rental for someone to commit)...

Hope someone experienced can win the bid coz to me, if that place can be run well, then there are still valid reasons for parents to pay fees of about $1000+/month instead of otherwise...

qms:

Hi keenDaddy!


If I am not wrong, you have not reported at the Newbie section yet, right?

Can you please report there? This is a SOP in KSP.com. :lol:

fftw:

After all that is said and done, I now no longer wish to send my child to the childcare centre at the Pinnacle.

fftw:

I am moving into the Pinnacle next month. My daughter is in Primary One and we are thinking of sending the maid home...So I am thinking of sending my Primary 1 daughter to an after school programme.

fftw:

Does anyone know of a place to send my Primary 1 child to an after school programme apart from Delcare?

fftw:

After all that is said and done, I now no longer wish to send my child to the childcare centre at the Pinnacle.


I am moving into the Pinnacle next month. My daughter is in Primary One and we are thinking of sending the maid home. She has been with us for 4 years but I realised that with each year, she gets lazier and lazier. So I am thinking of sending my Primary 1 daughter to an after school programme. Does anyone know of a place to send my Primary 1 child to an after school programme apart from Delcare?

cadenza88:

good luck to your new venture.


can share the current franchise fee level?

kelamel:

Hi there,


We have taken the franchise up since last week. Its a risk we taking and do hope to do it well.

I feel that the person that bid the pinancle duxton has other ideas and we are not made known of about.
It could be a chinese wanting to be a spore citizen and intending to bring their relatives to work here and to get citizenship/Pr etc etc.

this is the only reason i can think off.

happydaddy:

hmmm... let analyse... 1.9psf most likely landed area. if your area built in is ~3000sf ~ rental will be around ~$6000.


Convert a landed to childcare.
1. Built a lousy metal stairway for emergency will cost you $10k.
2. Renovate all the toilet to children toilet will cost another $15-$20k or more if you need to hack the wall.
3. After the lease is over, restore back to original condition like restore back the toilet and remove the stairway, you need to prepare another $20k.
4. Get architect for approval and fire safety will cost you easily $3-5k
5. Renovate the interior will cost you easily $40k
6. Get reading material will cost you $10k or more if you get from yr franchisor
7. Renovation period u still need to pay rental $20k gone assume reno plus approval take 3mths.
8. Operating first 6mths will be a nightmare, yr staffing cost and rental continue to burn you another $100k.
9. 3 mths rental deposit easily ~$20k.

If you have no deep pocket at least $300k, pls do not take the risk.

happydaddy:

it is true that the hdb will do up most of the thing for you.
1. The toilet
2. the emergency exit
3. the kitchen
4. The ceiling
5. the flooring

All you need to do is decorate the place to suit your environment. Let analyse this centre.

fixed cost...
1. 45k rental. free first mth rental. but must pay 2 or 3mths rental desposit. 90k gone plus 1mth advance rental payment. 135k gone.
2. assume she knows nuts, take up franchise. ~70k gone.
3. renovation cost $10k like partition shelf
4. Convert a room to infant care. take note, it will cost you easily $20k just on the setup and minor renovation.
5. n pls note, it does not mean after yr renovation done, you can start operating, the mcys officer will take yr own sweet time and evaluate yr centre. And all this may drag till 3rd mth if you are unlucky (cut here and there), and worst, you still need to pay the staff and rental (rental 90k plus staff 30k gone)...

running cost..
1. U need to have staff ready if not MCYS will not grant you license. starting maybe $15k per mth assume owner eat grass.
2. franschise 10% gross, not net, profit.
3. assume no student first 3 mths.

base on 3mths.... you need to have 45k gone plus 3k on electricity and water bill and franshise fee. rental $90k

fixed cost $235k, running cost ~$140k.

total $375k... need to have $200k backup for the next 6mths loses due to the high rental. so total you need to have $600k (no guarantee will earn) to run this centre only for 6mths.

I think the break even will be 5yrs if she is lucky to have full capacity assume ea 1k and 100 students capacity and assume 10k net profit.

100 students = 100k revenue and yr staff, trust me, cost will be around $30k or more. loyalty fee 10% gross 10k and 5k misc (food book). $45 + $30 + $10 + $5k = $90k.

This person is better off buying a private property and rent it out. collecting rental. good luck...