Financial Success in Coworking and Childcare
The number one reason we receive consultation calls from entrepreneurs looking to start a coworking space with childcare? Refining the numbers.
It’s no secret—adding childcare to a coworking business model is an incredible way to serve parents, build community, and stand out in a competitive market. But it also requires careful financial planning. The vision is there, the passion is undeniable, but the numbers? Those need to be rock solid.
That’s why we always recommend starting with a strong financial model. And guess what? You don’t have to build it from scratch. Hopscotch has created a Coworking and Childcare Pro Forma Template designed specifically to help founders like you understand the financial realities of launching and running a successful space.
This isn’t just a spreadsheet—it’s a strategic tool. Here’s what it can do for you:
Clarify Revenue Streams: Understand how coworking memberships, childcare fees, and additional services contribute to your bottom line.
Project Costs Accurately: Account for licensing, staffing, facility modifications, and ongoing operational expenses.
Assess Profitability & Sustainability: Model different membership and childcare capacity scenarios to see what makes the most sense for your market.
Make Confident Decisions: With a data-driven approach, you’ll avoid costly surprises and set yourself up for long-term success.
One inspiring example of this in action is Blush Cowork in Cary, North Carolina. Upon opening, Blush partnered with a childcare provider that demanded nearly $90K a year for two full-time sitters. For new coworking and childcare businesses, this financial burden can be detrimental, particularly if they aren’t operating at capacity. Recognizing this challenge, Hopscotch stepped in to transform the childcare model.
Our first step was to recalibrate the staffing schedule in direct relation to the number of children enrolled. This strategic approach allowed us to determine the optimal number of childcare spots, ensuring the program remained viable and profitable. By prioritizing efficiency and sustainability, we safeguarded Blush’s childcare offering from becoming a financial drain. This thoughtful management not only enhanced the experience for parents but also positioned Blush Cowork for long-term success in a competitive landscape.
Coworking with childcare isn’t just a trend—it’s the future of flexible work. Parents need spaces where they can be both professionally productive and personally present, and operators who get the numbers right will be the ones who make the biggest impact.
So, if you’re serious about launching a coworking space with childcare, don’t let uncertainty around finances hold you back. Start with the right framework, do the math, and move forward with confidence.
Download the Hopscotch Labs Coworking and Childcare Pro Forma Template today and take the next step toward making your vision a reality.
Have questions? Need guidance? Let’s connect—we’d love to help you optimize your pro forma and start your business with success!
