Writing a Business Plan for an
Adult
Day
Care
Center
More and more families are caring for older adults that need to be supervised during the day. Many families have two people at work, and it is very difficult for them to monitor and care for an elderly relative during the course of the workday. As such, over the past 15 years the number of adult day care centers has exploded given the demand for the services. Deutsch and Thomas has worked extensively with adult day care centers throughout the United States in order to provide them with a business plan that showcases all the different revenue streams that can be generated not only from daily care but also from ongoing transportation services. All the work we do is done specifically to the needs of each of our clients, and we can work very closely with you to develop a business plan that showcases your exact operations, cost of launching the business, and anticipated revenues and profits on a yearly basis. We always include all the necessary
local and regional market in research as well as research specific to the adult day care center industry.
As it relates to the financials, 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, and all applicable business metrics. Additionally, all the work we do is done so that it is appropriate for either a bank or investor. In fact, we often provide our clients with two copies of the business plan – when that can be used for securing capital from a financial institution with another being able to be used for private investors. This allows our clients to have a number of different financing options open to them as they develop their operations. In the event were our client is seeking a business loan in order to acquire property, we always include a full-scale loan amortization table that shows exactly how the business will repay its obligation on a month-to-month basis. Additionally, as with
standard with all of our business plans – we include a full-scale marketing and advertising plan that thoroughly discusses how the business will target families have an elderly family member that needs to be cared for on a day-to-day basis. This also includes developing relationships with primary care physicians that care for elderly people in order to generate referrals.
If you are interested in having Deutsch and Thomas develop a professionally written business plan for your adult day care center, please feel free to contact us anytime at 646-216-9844 or through the contact us form on this website.