Adult Day Care Center Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Adult Day Care Center Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start an Adult Day Care Center business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
Your Business Planning Package will be immediately emailed to you after you make your purchase.
Product Specifications (please see images below):
- Bank/Investor Ready
- Complete Industry Research for the Industry
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Marketing Plan (24 to 28 pages)
- 425+ Page Funding Directory
- PowerPoint Presentation
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- How to Start a Business Guide
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PowerPoint Format
- Meets SBA Requirements
Senior citizens require some assistance during the day. These businesses have become popular with families that can afford to have their older ones close to them, but he supervision during the day. Additionally, adult day care centers have become popular as provides a social outlet for older adults to be with each other during the course of a day. These businesses do have moderate barriers to entry given the size of the facilities needed to provide the services. The general startup costs for new date adult daycare center generally range anywhere from $200,000-$1 million depending on the scope and scale of the facility. These the higher end of the development costs usually relate to acquiring real estate to provide these services to the general public. These businesses have experienced a surge of popularity over the past 15 years as more people from the baby boom generation reach their senior years.
Financial institutions, banks, lenders, and private investors are all very willing to provide the necessary startup capital for an adult daycare center. The highly predictable streams of high-margin revenue make this an attractive small business investment. Of course, any entrepreneur looking to enter this field is going to need to have a properly developed business plan. Within this document, a three-year profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratio page should be developed in order to showcase to potential investor or lender that the adult daycare center can be economically viable at all times. In addition to the properly developed financial model and expansive discussion regarding the population base, population density, percentage of families caring for an older person, median household income, median family income, and competitor information should also be included in the business plan. A specific focus within the this document should be on how the adult daycare center will generate referrals among healthcare professionals and assisted-living facilities.
Once the business plan is done, it is time to develop the adult daycare center marketing plan. This document should focus heavily – again – on how referrals will be developed with physicians, nursing homes, assisted living facilities, and in-home healthcare agencies. Beyond referrals, it is imperative that a adult daycare center also maintain an expansive website that showcases the facilities, staff biographies, hours of operation, preliminary pricing information, hours of operation, and other relevant information so that caregivers can make an appropriate decision as to whether to provide the services for elderly people that they care for on an ongoing basis. A presence on social media is also important as many people that care for older parents and family members will frequently discuss these topics online. As such, maintaining pages on Facebook, Twitter, Google plus, and other relevant websites is important in order to be to reach as many people as possible.
An adult daycare center SWOT analysis should also be developed in order to determine the strengths, weaknesses, opportunities, and threats that are commonly associated with these types of businesses. As it relates the strengths, adult daycare center is generally immune from negative changes in the economy given that people that care for older individuals are going to need the services on a regular basis. For weaknesses, outside of any competitive issue there really no major weaknesses that impact the way that an adult daycare center has to conduct business. However, the operating and staffing costs are generally pretty high. For opportunities, many owner operators of adult daycare centers will seek to establish additional locations once their initial location has reached 100% capacity. For threats, there really no major threats that would impact the way that these companies are able to grow and expand over the next 5 to 10 years.