Know Your Market with Grafton Milne

In this episode, Kris welcomes Grafton Milne and shares a glimpse into his distinctive expertise in childcare real estate. Grafton gives practical insights on understanding your market through straightforward approaches, emphasizing clarity and actionable insights. He talks more about his latest book, Childcare Center Success: How to Maximize Profits and Minimize Mistakes, highlighting key practices such as measuring due diligence, nuanced market understanding, strategic planning, and the latest trends in real estate. Grafton also sheds light on some of his favorite go-to tools tailored to enhance your understanding of the market dynamics, in an industry where one neighborhood could make a world of difference.

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Click here to listen to more episodes of Child Care Rockstar Radio™ with Kris Murray!

Here Are the Key Takeaways From This Episode:

  • [6:30] How Grafton fell into the niche of early childhood by happenstance.

  • [9:26] The process of and inspiration behind Grafton’s new book, Childcare Center Success: How to Maximize Profits and Minimize Mistakes.

  • [11:08] What does it mean to make sure you are getting the appropriate amount of due diligence?

  • [12:17] How can you measure due diligence?

  • [15:14] Tips for strategic planning and the cost-of-care model.

  • [17:14] Examples of how real estate can positively or negatively impact a childcare center’s success.

  • [19:21] How Grafton’s experience in commercial real estate in the early childhood niche sets him apart.

  • [25:20] What Grafton would tell his 20-year-old self.

  • [29:32] What we can expect from Grafton and his team in 2024?

  • [30:06] Where are the hot markets now?

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