Some time ago I considered opening a center in my town, I live in Ontario. There is a significant need and our population is growing extremely fast due to lots of new build projects and increasing home costs in TO. I have no doubt that a new center would be full in a matter of a few weeks.

I did a lot of research and did a financial analysis and what was clear to me was that it is difficult to make a profit. Aside from the initial capital to set up, the monthly expenses are always going to be high. Minimum amounts of staff for a number of children and the wage they would be paid is a significant expense and that is before rent, utilities, insurance, food, etc etc. To an individual who requires a decent wage each month, I don't believe a center is a profitable business. To me, that is the deciding factor above all else. I work to make money, and if it is unrealistic to think I will be able to draw a decent full-time wage and not be in the red or on the breadline all the time, which I believe it is, this is not the kind of stress I would willingly walk into. After expenses running a daycare, my money isn't great, but it is far better than if I were to set up and run a center.

Just be careful with your research and planning.