Writing a Business Plan for an Assisted Living Facility
People are always going to require the services of an assisted living facility. This is especially true among people that have reached an on older age and cannot properly care for themselves anymore or have a specific medical issue that quite requires round-the-clock attention. Assisted living service companies are some of the most profitable businesses in the
United States given the fact that they are able to build their clients on a daily basis for a variety of different charges. Over the past 14 years, Deutsch and Thomas has worked extensively with a number of assisted living facilities and provide in facility medical treatment as well as general care. We are familiar with all operating aspects of these businesses including how payment is accepted not only through patient fees but also through private and publicly funded health systems.
In each business plan that we develop specific for an assisted living facility, we always showcase all the equipment and real estate that is going to be acquired with any borrowed funds. One of the key focuses of this business plan is to clearly showcase to potential funding source – usually a bank – that 100% of their capital is going to be fully collateralized against a business that always generates revenues regardless of how the economy is doing.
We always include a full five-year financial model that features a profit and loss statement, common size income statement, cash analysis, balance sheet, breakeven analysis, and all applicable business metrics. As with all the work we do, we also include the full industry analysis specific to the assisted living facility, local market research, as well as the overview of the economy as a whole. A full-scale marketing and advertising plan is also developed to showcase how the assisted living facility will present itself to the general public while concurrently developing relationships with third-party medical professionals.
If you are interested in having Deutsch and Thomas develop a professionally written business plan for your assisted-living facility, please feel free to contact us anytime at 646-216-9844 or to the contact us form on this website. We very much look forward to working with you!