Independent living facility business plan

According to Texas Health and Safety Codes, these homes are referred to and licensed as assisted living facilities. The Department of Aging and Disability Services oversees the licensing and operations of independent or assisted living homes. To open this type of facility in Texas, you must comply with the requirements set forth for by DADS and the general business requirements of both the state of Texas and your local city and county governments. You must verify completion of this training before applying for licensure.

Independent living facility business plan

Personal Assistance Services Sales Forecast It is important to state that our sales forecast is based on the data gathered during our feasibility studies, market survey and also some of the assumptions readily available on the field.

Below are the sales projections that we were able to come up with for the first three years of operations; First Year-: Please note that the above projection might be lower and at the same time it might be higher. In order to achieve that, we will ensure that we offer top notch all — round assisted living facility services at affordable prices compare to what is obtainable in New Jersey.

All our employees will be well trained and equipped to provide excellent and knowledgeable assisted living facility services and customer service.

We know that if we are consistent with offering high quality assisted living facility service delivery and excellent customer service, we will increase the number of our customers by more than 25 percent for the first year and then more than 40 percent subsequently.

We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time. We hired experts who have good understanding of the assisted living facility industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in New Jersey.

As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand to the general independent living facility business plan.

independent living facility business plan

On the average, assisted living facility service providers usually leverage on the fact that a good number of their clients do not pay the service charge from their pockets; private insurance companies, Medicare and Medicaid are responsible for the payment. In view of that, it is easier for home assisted living facility service providers to bill their clients based in their discretions.

Be that as it may, we have put plans in place to offer discount services once in a while and also to reward our loyal customers especially when they refer clients to us. Here are the payment options that will be available in every of our outlets; Payment by cash Payment via Point of Sale POS Machine Payment via online bank transfer online payment portal Payment via Mobile money Check only from loyal customers In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches.

Assisted Living Facility Business Plan — Start — Up Expenditure Budget If you are looking towards starting an assisted living facility business, then you should be ready to go all out to ensure that you raise enough capital to cover some of the basic expenditure that you are going to incur.

The truth is that starting this type of business does not come cheap. You would need money to secure a standard residential facility big enough to accommodate the number of people you plan accommodating per time, you could need money to acquire medical equipment and supply and you would need money to pay your workforce and pay bills for a while until the revenue you generate from the business becomes enough to pay them.

The cost of Launching a Website: Please note that this amount includes the salaries of all the staff for the first month of operation. Ruth Bob — Simpson and her family. They do not intend to welcome any external business partners which is why he has decided to restrict the sourcing of the start — up capital to 3 major sources.

All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

A Sample Assisted Living Facility Business Plan Template

Assisted Living Facility Business Plan — Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure.

We know that one of the ways of gaining approval and winning customers over is to offer our assisted living facility services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Completed Opening of Corporate Bank Accounts: Completed Opening Mobile Money Accounts: Completed Opening Online Payment Platforms: In Progress Application for business license and permit: Completed Purchase of Insurance for the Business: Completed Leasing of facility and remodeling the facility: In Progress Conducting Feasibility Studies: Completed Generating capital from family members: Completed Applications for Loan from the bank: In Progress Writing of Business Plan: In Progress Recruitment of employees: In Progress Purchase of Medical Equipment and vans et al: In progress Creating Official Website for the Company: In Progress Creating Awareness for the business both online and around the community:independent residential assisted living facility business plan sample pdf / doc Basically, an assisted living facility is a facility that has been designed for the aged and elderly ones, where they could be offered care and assistance.

Sample Business Plan: Vintage Home and Residential Care Published on May 20, This is a sample business plan written by The Startup Garage for an assisted living facility for seniors. Based Assisted Living Facility Pre, 5 Keys to The Company’s Continued Success. How independent living facility business plan Start an Independent Living Home in Texas” accessed September 05, available from the DADS website and required for licensing.

ASSISTED LIVING FACILITY EXECUTIVE SUMMARY Introduction Assisted Living Facility Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug UNIT MODEL Month 1 Month 2 Month 3 Month 4 plan, other food costs, dietary and kitchen supplies, and operational expenses.

Contract services. 3. Build, purchase or convert an existing facility for your new assistant living business. Your state licensing office has specific guidelines to follow. Business Plan for Platte County Assisted Living Facility Page 6 Based on these costs, the county will need to borrow just over $2 million (55% of total cost) to fully fund the ALF construction.

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