If you’re looking to create a adult day care business plan, you’ve come to the right place!
Over the past 25 years, the PlanPros team has helped over 1 million entrepreneurs and business owners write business plans….and many of them have started and grown successful adult day care businesses. Below is an example of a business plan for a adult day care business.
Welcome to Golden Years Haven, an Adult Day Care pioneer based in the heart of Ankeny, IA. Established to bridge the community gap in high-quality adult day care services, our dedication to exceptional care and support sets us apart. We offer a wide range of personalized services including health monitoring, medical care, personal care, social and recreational activities, nutritious meals, and therapeutic services. Our aim is to create a nurturing, engaging environment for adults in their golden years, ensuring their well-being and satisfaction. Golden Years Haven is strategically located in Ankeny, IA, offering accessibility and convenience to our local community, making us the premier choice for adult day care services.
Success Factors
Golden Years Haven’s foundation is built on the extensive experience and vision of our founder, aiming to establish a superior adult day care service. Our commitment to excellence in personal care, advanced health monitoring, and a broad range of services sets us apart from competitors and drives our success. Since our inception on January 4th, 2024, significant milestones have been achieved, including the development of a unique logo and company name, and securing a prime, accessible location. These accomplishments mark the beginning of our journey to becoming the leading adult day care provider in Ankeny, IA.
Industry Analysis
The Adult Day Care industry in the United States, with an estimated market size of $9.2 billion in 2021, is on a growth trajectory due to an aging population and increased demand for long-term care services. Golden Years Haven is well-positioned within this growing sector by offering person-centered care and holistic wellness approaches, catering to the evolving needs of our clients. We focus on promoting independence, health, and overall well-being, distinguishing us in the market. Additionally, the rising need for respite care for family caregivers presents a significant opportunity for growth, as we provide flexible and tailored care programs in Ankeny, IA.
Customer Analysis
Our target clients are elderly individuals residing with their families who require daytime supervision and activities to enhance their quality of life. This includes those with cognitive impairments, chronic conditions, or physical limitations. We also cater to seniors seeking social interaction and mental stimulation, as well as veterans requiring specialized care and support. Our services offer respite for family caregivers, allowing them to work or attend to personal matters with peace of mind. By addressing the needs of both seniors and their families, we aim to foster a holistic support system within the community.
Golden Years Haven competes with Independence Village of Ankeny, Walnut Ridge, and Kennybrook Village, each offering a range of services from assisted living to memory care. Our personalized care and comprehensive service range, including advanced health monitoring and medical care, set us apart. Our highly trained staff ensure individualized attention, enhancing client well-being and providing peace of mind to their families. This dedication to quality and extensive service offerings positions Golden Years Haven as a leader in the adult day care industry in Ankeny, IA.
Marketing Plan
Golden Years Haven offers a comprehensive range of services at competitive prices, from health monitoring and personal care to social activities and therapeutic services. Our marketing strategy includes a robust online presence, social media engagement, targeted advertising, email campaigns, community engagement, and traditional marketing methods. We aim to build awareness, attract new clients, and establish a strong community presence, ensuring Golden Years Haven remains a trusted and well-known provider of adult day care services in Ankeny, IA.
Operations Plan
Golden Years Haven’s operational processes include client care, staff management, client and family communication, health and safety compliance, financial management, and facility maintenance. Key milestones include securing funding, obtaining necessary licenses, preparing the facility, hiring and training staff, launching targeted marketing campaigns, and reaching initial client enrollment goals. These steps are crucial for ensuring a smooth launch and the long-term success and profitability of Golden Years Haven.
Management Team
Under the leadership of CEO Adeline Rodriguez, Golden Years Haven benefits from a wealth of experience in adult day care management. Adeline’s proven track record and operational skills ensure the strategic direction and day-to-day success of our facility. Her dedication to creating a nurturing environment for elderly care makes her an invaluable asset to Golden Years Haven and positions us for future growth and success.
Financial Plan
To achieve our growth goals, Golden Years Haven requires $635,000 in funding. This investment will be allocated to capital and non-capital expenditures such as location buildout, equipment, initial rent, staff salaries, marketing, and insurance. These funds are essential for establishing the facility, ensuring a successful launch, and maintaining operational viability as we work towards becoming the leading adult day care provider in Ankeny, IA.
Summary
Below is an overview of our expected financial performance over the next five years:
FY 1
FY 2
FY 3
FY 4
FY 5
Revenues
$3,029,806
$3,280,765
$3,552,512
$3,846,767
$4,165,395
Direct Expenses
$1,283,822
$1,349,227
$1,417,964
$1,490,202
$1,566,121
Gross Profit
$1,745,983
$1,931,538
$2,134,548
$2,356,564
$2,599,274
Gross Profit (%)
57.6%
58.9%
60.1%
61.3%
62.4%
Other Expenses
$97,085
$100,030
$103,065
$106,192
$109,414
EBITDA
$1,648,898
$1,831,507
$2,031,482
$2,250,371
$2,489,859
Depreciation
$54,000
$54,000
$54,000
$54,000
$54,000
Amortization
$0
$0
$0
$0
$0
Interest Expense
$63,500
$63,500
$63,500
$63,500
$63,500
Income Tax Expense
$535,989
$599,902
$669,893
$746,505
$830,325
Net Income
$995,409
$1,114,104
$1,244,088
$1,386,366
$1,542,033
II. Company Overview
Golden Years Haven is a pioneering Adult Day Care situated in the heart of Ankeny, IA. As a fresh addition to the community, we pride ourselves on being a local establishment dedicated to enriching the lives of adults during their golden years. Recognizing the lack of high-quality adult day care options in the area, we’ve stepped in to fill this vital gap with a comprehensive range of services designed to cater to the diverse needs of our clientele.
At Golden Years Haven, we offer an extensive array of products and services aimed at ensuring the holistic well-being of our guests. Key among these services is Health Monitoring and Medical Care, designed to provide peace of mind to our guests and their families by ensuring that health concerns are promptly and professionally addressed. Personal Care Services are another cornerstone of our offerings, ensuring that individual needs are met with dignity and respect. Additionally, we believe in the importance of Social and Recreational Activities in fostering a vibrant community atmosphere where guests can form meaningful connections and engage in stimulating activities. Nutrition and Meals are also a critical part of our services, with a focus on providing balanced and nutritious meals that cater to the dietary needs and preferences of our guests. Lastly, our Therapeutic Services are tailored to support the physical and mental well-being of our guests, offering everything from physical therapy to cognitive stimulation exercises.
Located in Ankeny, IA, Golden Years Haven is perfectly positioned to serve the local community, providing a much-needed service in a welcoming and comfortable environment. Our commitment to excellence is driven by a deep understanding of the needs of our guests and a dedication to exceeding their expectations.
Our confidence in the success of Golden Years Haven is rooted in several key factors. Firstly, our founder brings invaluable experience from previously running a successful adult day care, ensuring that we have the knowledge and expertise to offer a superior service. Moreover, our commitment to offering better personal care services than our competitors, combined with our comprehensive range of services, sets us apart in the marketplace. Health monitoring and medical care, in particular, highlight our dedication to the well-being of our guests.
Since our inception on January 4th, 2024, as a Sole Proprietorship, we have achieved several significant milestones. We’ve developed a unique and recognizable company name and logo, reflecting our mission and values. Furthermore, we’ve secured a prime location that not only meets our operational needs but also makes our services easily accessible to our target clientele. These accomplishments to date lay a solid foundation for our future growth and success.
In conclusion, Golden Years Have is not just an Adult Day Care; it is a haven where the golden years of our guests are celebrated and cherished. Through our comprehensive range of services, experienced leadership, and commitment to excellence, we are poised to become a cornerstone of the community in Ankeny, IA.
III. Industry Analysis
The Adult Day Care industry in the United States is currently estimated to be worth around $7.5 billion annually. This figure is expected to grow steadily over the next few years as the population continues to age and the demand for these services increases. With more and more families looking for quality care options for their elderly loved ones, the market for Adult Day Care is projected to see significant growth in the coming years.
One of the key trends in the Adult Day Care industry is the shift towards more personalized and specialized care services. Providers are increasingly offering tailored programs to meet the unique needs and preferences of their clients, including specialized programs for individuals with Alzheimer’s or dementia. This trend bodes well for Golden Years Haven, as a new Adult Day Care facility in Ankeny, IA, that prides itself on providing individualized care and attention to each of its clients.
Another trend in the Adult Day Care industry is the emphasis on creating a welcoming and engaging environment for clients. Many facilities are now offering a wide range of activities and amenities to keep clients active and stimulated throughout the day. Golden Years Haven is well positioned to capitalize on this trend with its spacious facility, beautiful outdoor gardens, and diverse activity programs designed to cater to the interests and abilities of each client.
IV. Customer Analysis
Below is a description of our target customers and their core needs.
Target Customers
We will target senior citizens in Ankeny, IA, particularly those who require daytime supervision and engagement while their primary caregivers are at work. These customers will benefit from our professional care services, recreational activities, and social interaction opportunities offered in a safe environment. Our services will provide peace of mind to families knowing their loved ones are in capable hands.
We will also focus on adults with disabilities who need structured programs during the day. These individuals will find our activities and care routines beneficial for maintaining their daily life skills and enhancing their overall well-being. By providing specialized care, we will improve their quality of life and support their families.
Caregivers who need temporary relief or respite will be another target segment. We will offer flexible scheduling options to accommodate those who require short-term care solutions for their loved ones. This will allow caregivers to maintain a balanced life while ensuring their family members receive the attention and care they need.
Local residents seeking community engagement for their elderly relatives will find our services valuable. By integrating social and recreational activities into our care programs, we will foster a sense of belonging and community for our participants. This will be particularly beneficial for seniors who may otherwise experience isolation and loneliness.
Customer Needs
Golden Years Haven provides high quality personal care services to clients who desire this. Clients can expect assistance with daily activities, such as bathing, grooming, and medication management. This ensures that their physical health needs are met in a dignified and respectful manner.
Beyond personal care, clients benefit from social interaction and community engagement. Activities and events are designed to stimulate mental and emotional well-being, reducing feelings of isolation. This social aspect fosters a sense of belonging and enhances overall quality of life.
Clients also have access to nutritious meals tailored to their dietary needs and preferences. This addresses the need for balanced nutrition, which is crucial for maintaining energy levels and overall health. Meal planning and preparation are handled by trained staff, ensuring safety and quality.
Safety and security are paramount, with the facility being equipped with modern safety features and staffed by trained professionals. This reassures clients and their families that they are in a secure environment. Additionally, transportation services are available, making it easier for clients to attend the day care and participate in external activities.
V. Competitive Analysis
Direct Competitors
Golden Years Haven’s competitors include the following companies:
Independence Village of Ankeny
Independence Village of Ankeny offers a variety of senior living options including independent living, assisted living, and memory care. Their price points vary based on the level of care and type of accommodation, generally ranging from $3,000 to $6,000 per month.
They generate substantial revenue, primarily from long-term residents and a range of supplemental services. Located in Ankeny, IA, they serve primarily the local community and nearby regions.
Their key customer segments include seniors who require varying levels of care, from minimal assistance to intensive memory care. Key strengths include a comprehensive range of services and a strong reputation in the local community.
However, their high price points and large facility size may be considered weaknesses, limiting accessibility for some potential clients.
Walnut Ridge
Walnut Ridge provides independent living, assisted living, memory care, and skilled nursing services. Pricing can range from $2,500 to $5,500 per month depending on the specific services and accommodations.
They have a steady revenue stream from their diverse service offerings and long-term care options. Walnut Ridge is located in Clive, IA, and primarily serves residents of Clive and surrounding areas.
Their customer segments include elderly individuals and families seeking comprehensive senior care services. Key strengths are their wide array of care options and established presence in the community.
Weaknesses include high costs and the potential for a more institutional feel, which might deter some seniors looking for a more intimate setting.
Kennybrook Village
Kennybrook Village offers independent living, assisted living, memory care, and rehabilitation services. Their price points are competitive, ranging from $2,800 to $5,800 per month based on services and room types.
Revenue is driven by a mix of residential fees and additional care services. Located in Grimes, IA, Kennybrook Village serves Grimes and the broader regional community.
Customer segments include seniors needing various levels of care and rehabilitation services. Key strengths include a strong focus on rehabilitation services and a well-rounded care program.
Weaknesses may involve the facility’s location, which could be less convenient for some Ankeny residents, and potentially higher costs for specialized services.
Competitive Advantages
At Golden Years Haven, our commitment to offering superior personal care services sets us apart from our competition. With a team of highly trained and compassionate staff, we ensure that each of our clients receives individualized attention tailored to their specific needs. This personalized approach not only enhances the well-being of our clients but also provides peace of mind to their families, knowing that their loved ones are in capable and caring hands. Our dedication to maintaining high standards of care helps us build trust and a strong reputation within the community.
In addition to our exceptional personal care services, Golden Years Haven stands out by offering a comprehensive range of services that include health monitoring and medical care. These additional services are designed to address the holistic needs of our clients, ensuring that they receive not just social and recreational support but also essential medical attention. Our state-of-the-art facilities and advanced health monitoring systems allow us to promptly identify and address any health concerns, thereby preventing potential complications. This multifaceted approach to adult day care ensures that our clients lead healthier, happier lives, making us the preferred choice for adult day care services in the area. Our focus on quality, combined with our extensive service offerings, positions Golden Years Haven as a leader in the industry.
VI. Marketing Plan
Our marketing plan, included below, details our products/services, pricing and promotions plan.
Products, Services & Pricing
Golden Years Haven offers a comprehensive suite of products and services designed to cater to the diverse needs of its clientele. Health Monitoring and Medical Care is one of the primary services provided. This includes regular health check-ups, medication management, and coordination with healthcare providers. The average price for this service is approximately $75 per day.
Personal Care Services are another essential offering. These services encompass assistance with activities of daily living such as bathing, grooming, and dressing. The skilled staff ensures that clients receive dignified and respectful care. The average cost for personal care services is about $60 per day.
Social and Recreational Activities are integral to the well-being of the clients. Golden Years Haven organizes various activities such as arts and crafts, music therapy, and group outings. These activities aim to foster social interaction and mental stimulation, enhancing the overall quality of life. The average price for participating in these activities is $40 per day.
Nutrition and Meals are crucial for maintaining the health of the clients. The facility provides balanced and nutritious meals tailored to the dietary needs of each individual. This service ensures that clients receive meals that are not only healthy but also enjoyable. The average cost for nutrition and meals is around $30 per day.
Therapeutic Services are also available to address specific health concerns. These services include physical therapy, occupational therapy, and speech therapy. Licensed therapists work closely with clients to develop personalized treatment plans aimed at improving mobility, functionality, and communication skills. The average price for therapeutic services is $85 per session.
By offering these diverse services, Golden Years Haven aims to provide a supportive and enriching environment for its clients, ensuring their physical, mental, and emotional well-being.
Promotions Plan
At Golden Years Haven, our goal is to attract and retain customers through a variety of effective promotional methods. We employ a robust online marketing strategy that includes a user-friendly website optimized for search engines to ensure potential clients can easily find us when searching for adult day care services in Ankeny, IA. Our website features detailed information about our services, client testimonials, and a blog that provides valuable insights and tips on senior care.
In addition to our website, we actively engage with our audience through social media platforms such as Facebook, Instagram, and LinkedIn. These platforms allow us to share updates, success stories, and upcoming events, while also providing a space for our community to interact with us and each other. We also utilize targeted online advertising through Google Ads and social media ads to reach potential clients who may not yet be aware of our services.
Our email marketing campaigns help us stay connected with both current clients and prospects. We regularly send out newsletters that highlight our programs, share client success stories, and provide educational content on topics relevant to adult day care. This helps to keep our audience informed and engaged, ensuring that we remain top-of-mind.
We also believe in the power of community engagement and networking. We regularly participate in local events, health fairs, and senior expos to increase our visibility and connect with potential clients and their families. By building relationships with local healthcare providers, senior centers, and community organizations, we create a network of referrals that help drive new clients to our services.
Word-of-mouth marketing is another critical component of our promotional strategy. We encourage satisfied clients and their families to share their positive experiences with friends, family, and their broader community. To facilitate this, we provide referral incentives to clients who bring in new customers.
Lastly, we understand the importance of traditional marketing methods. We distribute brochures and flyers in strategic locations such as doctor’s offices, libraries, and community centers. We also place advertisements in local newspapers and magazines that cater to our target audience.
By combining these various promotional methods, we ensure that Golden Years Haven remains a trusted and well-known provider of adult day care services in Ankeny, IA, attracting and retaining a loyal customer base.
VII. Operations Plan
Our Operations Plan details:
The key day-to-day processes that our business performs to serve our customers
The key business milestones that our company expects to accomplish as we grow
Key Operational Processes
To ensure the success of Golden Years Haven, there are several key day-to-day operational processes that we will perform:
Provide personalized care plans tailored to the individual needs of each client.
Offer nutritious meals and snacks, ensuring dietary needs and preferences are met.
Conduct daily health and wellness checks to monitor clients’ physical and mental conditions.
Organize engaging activities and social events to promote socialization and mental stimulation.
Maintain a clean and safe environment by performing regular cleaning and sanitation tasks.
Ensure staff are properly trained and provide ongoing professional development opportunities.
Communicate regularly with clients’ families to update them on their loved ones’ well-being and progress.
Manage scheduling and transportation for clients, ensuring timely pickups and drop-offs.
Handle administrative tasks such as billing, payroll, and record-keeping accurately and efficiently.
Monitor and manage inventory of supplies and equipment to ensure the facility is well-stocked.
Implement and uphold all regulatory and compliance requirements to maintain licensing and accreditation.
Foster a supportive and positive work environment to retain high-quality staff and encourage team cohesion.
Engage with the local community to build relationships and promote the services offered by Golden Years Haven.
Gather and analyze client feedback to continuously improve service offerings and customer satisfaction.
Develop and execute marketing strategies to attract new clients and grow the business.
Milestones
Golden Years Haven expects to complete the following milestones in the coming months in order to ensure its success:
Secure Location: Identify and lease a suitable facility that meets state regulations and is accessible to the target demographic.
Obtain Permits and Licenses: Acquire all necessary state and local permits and licenses required to operate an adult day care center.
Facility Renovation and Setup: Complete any necessary renovations to meet health and safety standards, and furnish the facility with appropriate equipment and amenities.
Hire and Train Staff: Recruit qualified staff including caregivers, nurses, and administrative personnel, and provide comprehensive training to ensure high-quality care and compliance with regulations.
Launch Adult Day Care: Officially open Golden Years Haven to clients, ensuring all systems and processes are operational from day one.
Achieve Initial Enrollment Goal: Enroll a minimum of 20 clients within the first three months of operation to establish a steady client base.
Develop Community Partnerships: Establish relationships with local healthcare providers, senior living communities, and other relevant organizations to build referral networks.
Implement Marketing Campaign: Launch a targeted marketing campaign to raise awareness and attract new clients, utilizing both online and offline channels.
Reach $15,000/Month in Revenue: Achieve and sustain a monthly revenue of $15,000 within the first 12 months of operation to ensure financial stability.
Client Satisfaction and Feedback Loop: Regularly collect and analyze feedback from clients and their families to continuously improve services and maintain high satisfaction levels.
VIII. Management Team
Our management team has the experience and expertise to successfully execute on our business plan.
Management Team Members
Golden Years Haven management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:
Adeline Rodriguez, CEO
Adeline Rodriguez has a proven track record of success, having previously run a highly successful adult day care facility. Her extensive experience in managing day-to-day operations, combined with her deep understanding of the needs of elderly populations, positions her ideally to lead Golden Years Haven. Adeline’s strategic vision and leadership skills ensure that the organization will continue to thrive and provide exceptional care for its residents.
IX. Financial Plan
Summary
Below is an overview of our expected financial performance over the next five years:
FY 1
FY 2
FY 3
FY 4
FY 5
Revenues
$3,029,806
$3,280,765
$3,552,512
$3,846,767
$4,165,395
Direct Expenses
$1,283,822
$1,349,227
$1,417,964
$1,490,202
$1,566,121
Gross Profit
$1,745,983
$1,931,538
$2,134,548
$2,356,564
$2,599,274
Gross Profit (%)
57.6%
58.9%
60.1%
61.3%
62.4%
Other Expenses
$97,085
$100,030
$103,065
$106,192
$109,414
EBITDA
$1,648,898
$1,831,507
$2,031,482
$2,250,371
$2,489,859
Depreciation
$54,000
$54,000
$54,000
$54,000
$54,000
Amortization
$0
$0
$0
$0
$0
Interest Expense
$63,500
$63,500
$63,500
$63,500
$63,500
Income Tax Expense
$535,989
$599,902
$669,893
$746,505
$830,325
Net Income
$995,409
$1,114,104
$1,244,088
$1,386,366
$1,542,033
Funding Requirements/Use of Funds
To accomplish our growth goals, Golden Years Haven needs $635,000 in funding. Key uses of this funding will be as follows:
Capital Investments
Location Buildout
$100,000
Furniture
$50,000
Equipment & Machines
$100,000
Computers & Tech
$20,000
Non Capital Investments
Working Capital
$150,000
Initial Rent/Lease (3 months)
$30,000
Staff Salaries (First 3 Months)
$150,000
Initial Marketing & Advertising
$20,000
Supplies
$10,000
Insurance
$5,000
Financial Projections
5 Year Annual Income Statement
FY 1
FY 2
FY 3
FY 4
FY 5
Revenues
Revenues
$3,029,806
$3,280,765
$3,552,512
$3,846,767
$4,165,395
Total Revenues
$3,029,806
$3,280,765
$3,552,512
$3,846,767
$4,165,395
Direct Costs
Direct Costs
$1,283,822
$1,349,227
$1,417,964
$1,490,202
$1,566,121
Total Direct Costs
$1,283,822
$1,349,227
$1,417,964
$1,490,202
$1,566,121
GROSS PROFIT
$1,745,983
$1,931,538
$2,134,548
$2,356,564
$2,599,274
GROSS PROFIT %
57.6%
58.9%
60.1%
61.3%
62.4%
Other Expenses
Salaries
$72,814
$75,023
$77,299
$79,644
$82,060
Marketing Expenses
$6,067
$6,251
$6,441
$6,637
$6,838
Rent/Utility Expenses
$6,067
$6,251
$6,441
$6,637
$6,838
Other Expenses
$12,135
$12,503
$12,883
$13,274
$13,676
Total Other Expenses
$97,085
$100,030
$103,065
$106,192
$109,414
EBITDA
$1,648,898
$1,831,507
$2,031,482
$2,250,371
$2,489,859
Depreciation
$54,000
$54,000
$54,000
$54,000
$54,000
Amortization
$0
$0
$0
$0
$0
EBIT
$1,594,898
$1,777,507
$1,977,482
$2,196,371
$2,435,859
Interest Expense
$63,500
$63,500
$63,500
$63,500
$63,500
PRETAX INCOME
$1,531,398
$1,714,007
$1,913,982
$2,132,871
$2,372,359
Net Operating Loss
$0
$0
$0
$0
$0
Use of Net Operating Loss
$0
$0
$0
$0
$0
Taxable Income
$1,531,398
$1,714,007
$1,913,982
$2,132,871
$2,372,359
Income Tax Expense
$535,989
$599,902
$669,893
$746,505
$830,325
NET INCOME
$995,409
$1,114,104
$1,244,088
$1,386,366
$1,542,033
Net Profit Margin (%)
32.9%
34%
35%
36%
37%
5 Year Annual Balance Sheet
FY 1
FY 2
FY 3
FY 4
FY 5
ASSETS
Cash
$1,271,509
$2,423,873
$3,704,727
$5,133,438
$6,074,514
Other Current Assets
$260,067
$281,609
$304,934
$320,563
$347,116
Total Current Assets
$1,531,577
$2,705,482
$4,009,662
$5,454,002
$6,421,631
Intangible Assets
$0
$0
$0
$0
$0
Acc Amortization
$0
$0
$0
$0
$0
Net Intangibles
$0
$0
$0
$0
$0
Fixed Assets
$270,000
$270,000
$270,000
$270,000
$270,000
Accum Depreciation
$54,000
$108,000
$162,000
$216,000
$270,000
Net fixed assets
$216,000
$162,000
$108,000
$54,000
$0
Preliminary Exp
$0
$0
$0
$0
$0
TOTAL ASSETS
$1,747,577
$2,867,482
$4,117,662
$5,508,002
$6,421,631
LIABILITIES & EQUITY
Current Liabilities
$117,168
$122,968
$129,059
$133,032
$139,628
Debt outstanding
$635,000
$635,000
$635,000
$635,000
$0
Total Liabilities
$752,168
$757,968
$764,059
$768,032
$139,628
Share Capital
$0
$0
$0
$0
$0
Retained earnings
$995,409
$2,109,514
$3,353,602
$4,739,969
$6,282,003
Total Equity
$995,409
$2,109,514
$3,353,602
$4,739,969
$6,282,003
TOTAL LIABILITIES & EQUITY
$1,747,577
$2,867,482
$4,117,662
$5,508,002
$6,421,631
5 Year Annual Cash Flow Statement
FY 1
FY 2
FY 3
FY 4
FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss)
$995,409
$1,114,104
$1,244,088
$1,386,366
$1,542,033
Change in Working Capital
($142,899)
($15,740)
($17,234)
($11,656)
($19,957)
Plus Depreciation
$54,000
$54,000
$54,000
$54,000
$54,000
Plus Amortization
$0
$0
$0
$0
$0
Net Cash Flow from Operations
$906,509
$1,152,364
$1,280,853
$1,428,710
$1,576,076
CASH FLOW FROM INVESTMENTS
Fixed Assets
($270,000)
$0
$0
$0
$0
Intangible Assets
$0
$0
$0
$0
$0
Net Cash Flow from Investments
($270,000)
$0
$0
$0
$0
CASH FLOW FROM FINANCING
Cash from Equity
$0
$0
$0
$0
$0
Cash from Debt financing
$635,000
$0
$0
$0
($635,000)
Net Cash Flow from Financing
$635,000
$0
$0
$0
($635,000)
Net Cash Flow
$1,271,509
$1,152,364
$1,280,853
$1,428,710
$941,076
Cash at Beginning of Period
$0
$1,271,509
$2,423,873
$3,704,727
$5,133,438
$1,271,509
$2,423,873
$3,704,727
$5,133,438
$6,074,514
What Is an Adult Day Care Business Plan?
An adult day care business plan is a document that outlines the strategies you have developed to start and/or grow your adult day care business. Among other things, it details information about your industry, customers and competitors to help ensure your company is positioned properly to succeed. Your adult day care business plan also assesses how much funding you will need to grow your business and proves, via your financial forecasts, why the business is viable.
Why You Need a Business Plan for your Adult Day Care Business
A business plan is required if you are seeking funding for your adult day care business. Investors and lenders will review your plan to ensure it meets their criteria before providing you with capital. In addition, an adult day care business plan helps you and your team stay focused. It documents the strategies you must follow and gives you financial projections you should strive to achieve and against which you can judge your performance.