Short- and long-term facility planning clarify your priorities. You don’t have to open your school in a state-of-the-art facility. Many schools find that cheaper facilities, such as portables, for the first year or more lets the school’s operations stabilize and financial assets grow. By taking your time, you can save money and avoid financial burdens.
A Short-Term Facility Plan addresses your school’s needs for the first weeks, months, or several years. It provides a contingency plan if a permanent space is delayed or you can’t yet commit to a permanent space.
A Long-Term Facility Plan will address projected expansions in enrollment or programs, and the facilities you’ll need for this growth. It will also include the financial impact of a facility, a plan for disposing of the facility if it becomes obsolete or if the school loses its charter, and ongoing maintenance or property management issues.
Nothing in this material should be construed as investment, financial, brokerage, or legal advice. Moreover, the facts and circumstances relating to your particular project may result in material changes in the processes, outcomes, and expenses described herein. Consult with your own professional advisors, including your financial advisors, accountants, and attorneys, before attempting to consummate any transaction described in this material.