Writing a Business Plan for a Halfway House
There are a number of reasons why people are required to live in a halfway house for a specific period of time. This includes issues with the law, drug and substance abuse, and other issues that require that an individual have assistance while transitioning back to normal life. Deutsch and Thomas has worked with a number of companies that provide group homes and halfway homes to people that are in need of assistance. We are familiar with all the revenue streams that can be generated by owning and operating a halfway house including reimbursement from government entities of which the company can secure an ongoing contract. These businesses are always able to remain profitable and cash flow positive given the fact that there are going to be people that are required by law to live in a halfway house from time to time. Deutsch and Thomas can work very closely with you to develop a business plan to your exact specifications for your halfway
house operations. We can develop the business plans that is appropriate for both an investor as well as a bank loan especially real estate is going to be acquired for the halfway house facility.
As with all work we do, Deutsch and Thomas always provides its clients with a five-year financial model that features a profit and loss statement, common size income statement, cash flow analysis, balance sheet, breakeven analysis, as well as all applicable business metrics. In the event where client is seeking a mortgage or similar business loan to acquire property, we always include a full loan amortization table. The key focus of any business plan we write is on the economic viability of the business and its ability to generate a profit while repaying any underlying expenses. Additionally, we always include all the necessary local market research as well as industry research specific to the halfway house industry. An economic analysis as well as a full scale marketing and advertising plan is also included in all the work we provide. We work very closely with each of our clients in order to get the business plan exactly as needed.
If you are interested in having Deutsch and Thomas develop a business plan for your halfway house, please feel free to contact us anytime at 646-216-9844 were through the contact us form on this website. We look forward to working with you!