This is my daycare schedule right now and it seems to work well...

7:00 am - Daycare opens, indoor freeplay
8:35 am - Walk school children to school
9:20 am - Morning snack
9:50 am - Craft
10:15 am - Circle time, learning activities
10:45 am - Outdoor play (weather permitting)
11:45 pm - Lunch
12:20 pm - Nap/quiet time
2:30 pm - Afternoon snack
2:55 pm - Walk to pick up school children
3:40 pm - Outdoor play (weather permitting), indoor freeplay
5:30 pm - Daycare closes

I don't follow the times exactly but fairly close and aside from the school run times, everything else is pretty flexible. Once summer comes and I don't have to do the school run then we will do longer freeplay/outdoor freeplay and more crafts/circle activities. Hope this helps a bit.