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.

Independent living facility business plan

According to Texas Health and Safety Codes, these homes are referred to and licensed as assisted living facilities.

A Sample Assisted Living Facility Business Plan Template

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. In addition, research and review the laws governing assisted living facilities in Texas, specifically personnel qualifications, building codes and service requirements.

Create a business and operational plan for your independent living facility that outlines the types of clients you will serve, the level of supervision and assistance your home will offer and how you will manage personnel, clients and business activities day-to-day.

Write sample daily schedules, structured activity programs and emergency policies. Also include in your plan a financial assessment of your current assets, fee structures and accepted payment methods. You will need to prove your financial solvency to the DADS during the licensing process. Find a suitable location for your independent living home.

This can be a residential house or other building, but it must meet the building requirements outlined by the DADS including space-per-resident specifications and general and fire safety provisions. If you will be constructing or remodeling the home, you must submit plans to the DADS for approval before beginning.

In addition, contact your local city or county zoning authorities to ensure you can operate this type of business in the desired location before leasing or purchasing a home.

File an Assumed Name with your local county clerk's office. Assisted living homes operating as anything other than a sole proprietorship or partnership must also register the appropriate business entity papers with the Texas Secretary of State. Additionally, ask the county clerk about any local business licenses or permits you may need.

Use this number to register with the Texas Comptroller of Public Accounts for a tax account. Schedule a fire safety inspection with local fire authorities.

Be sure to obtain a copy of this report and request that the official who completes the inspection also fill out Formavailable from the DADS website and required for licensing. Include the appropriate licensing fee with this application, along with the completed Formyour Certificate of Account Standing, local business licensing information and copies of your financial and property documents i.

Prepare for inspection by the DADS. Usually within 30 days, the DADS will notify you of the approval or denial of your application. If approved, you will be issued an Assisted Living Facility license that must be displayed in the home.

If denied, you will be given a list of deficiencies to correct and a timeframe for their completion or provided with information about filing an appeal.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.

independent living facility business plan

Contract services. for building and operating an assisted living facility. No effort is made here to plan for nursing home units or senior independent living housing. This Business Plan also brings the Market Analysis’s broad analysis more sharply into focus from a financial.

How to Start an Independent Living Home in Texas |

3. Build, purchase or convert an existing facility for your new assistant living business. Your state licensing office has specific guidelines to follow. 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.

Independent Living Planning Julie Kates. VR Independent Living Program Manager. services in accordance with an independent living plan (unless the person signs a waiver). • This requirement is passed along to the CILs via the VR agreement with each CIL. 5 facilities. 29 Independent Living Goals Other • IL goals not included in.

Project Business Plan. Project Costs. guidelines the market penetration rates a facility offering an independent living program could support ILUs. Due to growth projected in the target market, calculations yield a demand estimate rising to units by

Sample Business Plan: Vintage Home and Residential Care by The Startup Garage - Issuu