With a proper strategy, trained stuff and disciplined schedule, yes.
Daycare is said to be one of the fastest growing among service based industries worldwide.But there are some major and little details you have to be ver cautios about. If you follow a tight business you will be able to last it for generations.
1.Prepare a budget model. maintain a chart with every thing you provide for the kids in your care such as, Foods, toys clothes etc every little cost and other things like maintenance cost, administrative cost, staff salaries, electricity bills etc. The less you waste money here the more you will.be able to invest.
- Hire some trained staff. or hire and then train the stuffs. Childs are vulnerable to almost anything. make sure that all the staff are very dedicated to their job and about the children's in your care.
3.Maintain some sub services such as pre kindergarten education program, cryon art program, sports, story time etc. This makes the parents more interested and makes you seem trustworthy.
Play a part in the business personally. this will allow you to interact more with parents, kids and staffs by producing some trust and respect along the way. Do your homework, visit other daycares and get ann idea about what improvements you can make on othe daycares models..Apply them into your own business.
And lastly be very careful about all the legalities regarding your business.. Any kind of loophole can drag you into unnecessary hassel.
Keep al these points I have said in your mind anand also talk to an advisor.