The Home Care & Assisted Living Business Series

Show Me The Money: Assisted Living Revenue Case Study


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Upfront Costs:
 Mortgage: 285k 
Lease: 3K
Single Family 1000/sqr ft minimuim, 3/2 signal room 80 sqr ft., simi-private 120 s,qr feet,  Basement or Den (Caregivers Living Quarters)
Downpayment: 12k (Down Payment Assistance) 
Join First Time Home Buyers Program in your county. 
Bedrooms Furnishing New*: $1,900.00  
Common Areas Used*: $600.00 
Kitchen Used*: $200.00
Fire Extinguisher × 2 $125.00
Small Locked Refrigerator w/ Lock $100.00
Raised Toilet Seat - $35.00 per bathroom 
Wall Railing $70 per 3 foot 
*Used:
Offerup 
Goodwill 
Craigslist 
Facebook Marketplace 
Monthly Fixed Cost:
Mortgage/Rent $1,780.00
Electric $125.00 (Buget Billing)
Water $33.00
Cable / Internet Bundle $184.00 (Xfinity) Home Security 
Groceries $450.00 (Sam's Club)
Payroll ( Caregivers 185/day $5,100.00*, AL Manager $2,500* Manage it yourself, Delegating Nurse $150.00*
Monthly Total: $10,109.00
Consecutive Income 15k/mo:
Single Room 4.0k /2
Double Occupancy 3.5/2
Aggressive Income 19k/mo:
Single Room 5.5k / 2
Double Occupancy 4k / 2
...more
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The Home Care & Assisted Living Business SeriesBy Allen Chaney

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