Need a business plan for an assisted living facility? With the Baby Boomers hitting retirement age in the coming years, demand for assisted living facilities and nursing homes will grow. An assisted living facility offers basic services such as bathing, dressing, and grooming, as well as feeding and full meals, medication management, and cleaning. Depending on your business, you might also provide transportation to and from appointments, health and recreation programs, or salon and hair care services. You'll want to make sure your facility is built for maximum accessibility, with wide hallways and doors, and wheelchair-accessible bathrooms and common areas. A business plan for an assisted living facility should address these elements:
Services: What amenities will you offer? How will you create a welcoming, home-like atmosphere?
Market: Will you target a certain population, such as mentally ill seniors? How many people in your target age group live in the area? Who is your competition?
Strategy: What are your goals and competitive advantages? How will you advertise your assisted living facility?
Management: Have you worked at an assisted living facility before? Who will you need to hire?
Financials: What are your start-up expenses and assets? How much will you invest, and how much funding are you requesting?
A business plan for an assisted living facility needs some hard numbers to make your case. If you need help, the business plan writers at MasterPlans have written more than 10,000 business plans, including many for assisted living facilities -- and we're ready to help you! Our market analysts and financial modelers can find the data you need, and an experienced project manager will work with you to make sure the finished product is exactly what you're looking for. Call today to get a free quote for your very own business plan for an assisted living facility: 877-453-2011.
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