group home business plan

Group Home Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Healthcare and Medical » Group Home

Are you about starting a group home for elderly people ? If YES, here is a complete sample group home business plan template & feasibility study you can use for FREE .

If you have a passion for taking care of those who can’t take care of themselves, then you may want to consider starting a group home business.

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This is one trade that is humanitarian based, but yet can put good food on the table. This is also a thriving industry because every day more and more people get incapacitated one way or the other.

Starting this business will to a large extent require that you do all the research that is required to be done. This is so that you are armed with ample information as you set out in the trade.

Also, you will need to write a business plan. Business plans are like road maps, that tell where a business is headed for, based on projections.

A Sample Group Home Business Plan Template

1. industry overview.

When it comes to caring for people who can’t take care of themselves, there are several options and one of them is to take them to group homes.

In general, a group home is a private residence for the elderly, children or young people who cannot live with their families due to obvious reasons, or people with chronic disabilities who may be adults or seniors and can’t take proper care of themselves if left to live alone.

Basically, the term group home referred to homes from 8 to 16 individuals, which was a state-mandated size during deinstitutionalization.

Before a group home can commence operations, there should be at least six residents and at least one trained caregiver there 24 hours a day. So also a standard group home is expected to have a house manager , night manager, weekend activity coordinator, and 4 part-time skill teachers were reported.

It is important to state that residents of group homes usually have one form of disability or the other. It could be autism, intellectual disability, chronic or long-term mental/psychiatric disorder, or physical or even multiple disabilities.

Some group homes were funded as transitional homes to prepare for independent living (in an apartment or return to family or marriage and employment), and others were viewed as permanent community homes. Society may prevent people with significant needs from living in local communities with social acceptance key to community development.

The residents of group homes sometimes need continual or supported assistance in order for them to be able to complete daily basic and simple tasks, such as:

Taking medication or bathing, making dinners, having conversations, making appointments, and getting to work or a day service, budget their personal allowance, select photos for their room or album, meet neighbors and “carry out civic duties,” go grocery shopping, eat in restaurants, make emergency calls or inquiries, and exercise regularly amongst other activities.

Going by the data published by the US Census Bureau, the regions that account for the largest share of establishments in the industry are the Southeast (23.9% of total establishments), Great Lakes (17.3%), West (12.9%) and Mid-Atlantic (12.7%) regions.

This data basically reflects the age distribution in the united states. So also the data shows that employment in this industry is also concentrated in the Southeast, the Mid-Atlantic and the Great Lakes regions. The largest states in terms of employment are New York, California, Texas, Ohio and Florida.

The Nursing Care Facility industry of which group home is a subset of is indeed a very large industry and pretty much thriving in developed countries such as United States of America, Canada, United Kingdom, Germany, Australia and Italy et al.

Statistics has it that in the United States of America alone, there are about 24,115 licensed and registered Nursing Home Facilities responsible for employing about 1,775,943 employees and the industry rakes in a whopping sum of $132bn annually with an annual growth rate projected at 2.3% percent. It is important to state that there is no company with dominant market share in this industry.

Over and above, the Nursing Care Facility / Group Home line of businesses in developed countries are still enjoying good patronage particularly if they are well positioned and if they know how to reach out to their target market; the aging population and those who with disabilities.

2. Executive Summary

Grace & Mercy Group Home, LLC is a standard and licensed group home facility that will be located in the heart of Saint Augustine – Florida in a neatly renovated and secured housing facility.

Our group home is specifically designed and equipped with the needed accommodation facilities / gadgets to give comfort and security to all our residence irrespective of the religious affiliations, their race, and health condition. We are set to take care of people with one form of disability or the other whether old or young.

Grace & Mercy Group Home, LLC is a family owned and managed business that believe in the passionate pursuit of excellence and financial success with uncompromising services and integrity which is why we have decided to venture into the hospitality industry by establishing our own assisted living facility business.

We are certain that our values will help us drive the business to enviable heights and also help us attract the numbers of clients that will make our facility fully occupied year in year out.

We are going to be a health conscious and customer-centric group home business with a service culture that will be deeply rooted in the fabric of our organizational structure and indeed at all levels of the organization. With that, we know that we will be enables to consistently achieve our set business goals, increase our profitability and reinforce our positive long-term relationships with our clientele, partners (vendors), and all our employees as well.

Our accommodation facility will be decorated in an exquisite and elegant facade, so much so that it will be a conspicuous edifice in the city where it is located. Grace & Mercy Group Home, LLC will provide a conducive home for our residence.

We will engage in services that will help our residence complete daily basic and simple tasks, such as taking medication or bathing, making dinners, having conversations, making appointments, and getting to work or a day service, budget their personal allowance, select photos for their room or album, meet neighbors and “carry out civic duties,” go grocery shopping, eat in restaurants, make emergency calls or inquiries, and exercise regularly amongst other activities.

Grace & Mercy Group Home, LLC will be equipped with everything that will make life comfortable for the disabled and elderly.

We will as build a fitness room and library et al. We will also install a free Wi-Fi that will enable our residence and guests surf the internet with their laptop in the room free of charge, and there will be wireless access in all the public area within the lodging facility.

Grace & Mercy Group Home, LLC is a family business that is owned and managed by Mrs. Grace Smith and her family. Mrs. Grace Smith is a licensed Group Home Administrator, nurse and social health worker with well over 25 years of experience working for leading brand in the industry.

She has a Master’s Degree in Public Health and she is truly passionate when it comes to taking care of people with disabilities.

3. Our Products and Services

Grace & Mercy Group Home, LLC is set to operate a standard Group Home service in Saint Augustine – Florida. The fact that we want to become a force to reckon with in the Nursing Care Facility industry means that we will provide our resident a conducive and highly secured accommodation.

In all that we do, we will ensure that our customers are satisfied and are willing to recommend our facility to their family members and friends. We are in the group home business to deliver excellent services and to make profits and we are willing to go the extra mile within the law of the United States to achieve our business goals, aims and objectives.

Grace & Mercy Group Home, LLC will provide a conducive home for our residence; we will engage in services that will help our residence complete daily basic and simple tasks, such as:

4. Our Mission and Vision Statement

• Our vision is to become the number one choice when it comes to group home service delivery in the whole of Florida and also to be amongst the top 20 group home service provider in the United States of America within the next 10 years.
• Grace & Mercy Group Home, LLC is in business to establish a first class group home facility service that will take care of both the elderly and young disable as long as they can afford our services. We want to become one of the leaders in nursing care facility industry in Florida, and in The United States of America.

Our Business Structure

Grace & Mercy Group Home, LLC is a business that will be built on a solid foundation. From the outset, we have decided to recruit only qualified professionals (nurses, nurse’s aides, medication management counselors, physical therapists, county aging workers, and rehabilitation counselors, home health caregivers and home caregivers) to man various job positions in our organization.

We are quite aware of the rules and regulations governing the nursing care facility industry which is why we decided to recruit only well experienced and qualified employees as foundational staff of the organization. We hope to leverage on their expertise to build our business brand to be well accepted in Florida and the whole of the United States.

When hiring, we will look out for applicants that are not just qualified and experienced, but homely, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of five years or more. These are the positions that will be available at Grace & Mercy Group Home, LLC;

• Chief Executive Officer

Medication Management Counselors

• Assisted Living Administrator (Human Resources and Admin Manager)
• Nurse’s Aides
• Home Health Caregivers / Home Caregivers /County Aging Workers
• Sales and Marketing Executive
• Accounting Officer

5. Job Roles and Responsibilities

Chief Executive Officer:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for fixing prices and signing business deals
• Responsible for providing direction for the business
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization
• Reports to the board.

Group Home Administrator (Admin and HR Manager)

• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Designs job descriptions with KPI to drive performance management for clients
• Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
• Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Oversees the smooth running of the daily home activities.
• Responsible for providing professional medical services to our residence
• Responsible for ensuring that disable and elderly people under our care takes their medication as at when due
• Responsible for handling medical emergencies

Nurses / Nurse’s Aides / Mental Health Counselors

• Responsible for managing our patients in their various houses
• Handles personal injury case management
• Responsible for offering home medication management services

Marketing and Sales Executive

• Identifies, prioritizes, and reaches out to new clients, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of projects.
• Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
• Responsible for handling business research, market surveys and feasibility studies for clients
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develops, executes and evaluates new plans for expanding increase sales
• Documents all customer contact and information
• Represents Grace & Mercy Group Home, LLC in strategic meetings
• Helps to increase sales and growth for Grace & Mercy Group Home, LLC.

Accountant / Cashier

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting for the organization
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for Grace & Mercy Group Home, LLC
• Serves as internal auditor for Grace & Mercy Group Home, LLC.
• Responsible for cleaning the facility at all times
• Ensures that toiletries and supplies don’t run out of stock
• Assists our residence when they need to take their bath and carry out other household tasks
• Cleans both the interior and exterior of the facility
• Handles any other duty as assigned by the facility manager

6. SWOT Analysis

Grace & Mercy Group Home, LLC is set to become one of the leading group home facility in Florida which is why we are willing to take our time to cross every ‘Ts’ and dot every ‘Is’ as it relates to our business. We want our group home business to be the number one choice of all residence of Saint Augustine and other cities in Florida.

We know that if we are going to achieve the goals that we have set for our business, then we must ensure that we build our business on a solid foundation. We must ensure that we follow due process in setting up the business.

Even though our Chief Executive Officer (owner) has a robust experience in social work and taking care of people with disability and the aging population, we still went ahead to hire the services of business consultants who are specialized in setting up new businesses to help our organization conduct detailed SWOT analysis and to also provide professional support in helping us structure our business to indeed become a leader in the assisted living facility industry.

This is the summary of the SWOT analysis that was conducted for Grace & Mercy Group Home, LLC;

Our strength lies in the fact that we have a team of well qualified professionals manning various job positions in our organization.

As a matter of fact, they are some of the best hands in the whole of Saint Augustine, Florida. Our location, the Business model we will be operating on, well equipped facility and our excellent customer service culture will definitely count as a strong strength for us.

Grace & Mercy Group Home, LLC is a new business which is owned by an individual (family), and we may not have the financial muscle to sustain the kind of publicity we want to give our business and also to attract some of the highly experienced hands in the nursing care facility industry.

• Opportunities:

The opportunities that are available to group home facilities are unlimited considering the fact that we have growing aging population and people with one form of disability or the other in the United States and we are going to position our business to make the best out of the opportunities that will be available to us in Saint Augustine – Florida.

Just like any other business, one of the major threats that we are likely going to face is economic downturn and unfavorable government policies. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new and bigger / well established group home facility brand in same location where ours is located.

7. MARKET ANALYSIS

• Market Trends

Because of the essential nature of services provided by nursing care facilities / group homes, the industry was able to grow even in the face of economic stagnation. In addition, the continued growth of the aging population and people with one form of disability or the other has stimulated demand for industry services.

Since the aging population is more prone to injury and illness, and therefore requires more assistance with daily activities, the larger share of senior adults has propelled demand for nursing care facilities. Despite favorable demographic trends, unsatisfactory government funding has hindered industry growth.

The trend in the industry is that players in the industry are now flexible enough to adjust their services and facilities to attract more knowledgeable and educated residents by incorporating more technology and adapting to new markets

Another trend in the industry is that, in order to make group home facilities more affordable for low income individuals, many states in the United States of America are enacting changes to the portion of Medicaid which can be applied to Group Home Facilities.

Before now, only individuals living in nursing homes were typically provided Medicaid assistance, but in recent time, there are now a growing number of states that have recognized the importance of offering Medicaid dollars to senior citizens living in Group Home Facilities.

No doubt the Nursing Care Facility industry will continue to grow and become more profitable because the aging baby-boomer generation in United States is expected to drive increasing demand for this specialized services and care.

8. Our Target Market

Grace & Mercy Group Home, LLC is in business to service the aging population and people with disabilities in Saint Augustine – Florida and other cities in Florida. We will ensure that we target both self – pay customers (who do not have Medicaid cover), and those who have Medicaid cover.

Generally, those who need the services of group home facilities are the aging population, people with one form of disabilities or the other and perhaps those who need daily help.

The fact that we are going to open our doors to a wide range of customers does not in any way stop us from abiding by the rules and regulations governing the nursing care facility industry in the United States. Our staff is well – trained to effectively service our customers and give them value for their monies. Our customers can be categorized into the following;

• The aging population
• People with one form of disability or the other (Both young and the elderly)
• The aged who might suffer from severe joint pains and every other age categories who falls under the conditions listed by the physician.

Our Competitive Advantage

Aside from the competitions that exist amongst players in the nursing care facility industry, they also compete against other home healthcare services providers such as assisted living facilities.

To be highly competitive in the nursing care facility industry means that you should be able to secure a conducive and secured facility, deliver consistent quality patient service and should be able to meet the expectations of the children / family members paying for their loved elderly parents and people with disabilities in your facility.

Grace & Mercy Group Home, LLC is coming into the market well prepared to favorably compete in the industry. Our office facility is well positioned (centrally positioned) and visible, we have good security and the right ambience for elderly and disabled people.

Our staff is well groomed in all aspect of group home facility services and all our employees are trained to provide customized customer service to all our clients.

Our services will be carried out by highly trained professional nurse’s aides, medication management counselors, county aging workers, home health caregivers and home caregivers who know what it takes to give our highly esteemed customers value for their money.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups group home facility business and other related businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Grace & Mercy Group Home, LLC will ensure that we do all we can to maximize the business by generating income from every legal means within the scope of our industry.

We will generate income by providing a conducive home for our residence; we will engage in services that will help our residence complete daily basic and simple tasks, such as:

10. Sales Forecast

One thing is certain; there would always be elderly people and people with disabilities who would need the services of group home facility.

We are well positioned to take on the available market in Saint Augustine – Florida and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our group home facility business and our residences base.

We have been able to critically examine the group home services market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Saint Augustine – Florida.

Below is the sales projection for Grace & Mercy Group Home, LLC, it is based on the location of our business and of course the wide range of related services that we will be offering;

• First Year-: $100,000 ( From Self – Pay Clients ): $250,000 ( From Medicaid Covers )
• Second Year-: $250,000 ( From Self – Pay Clients ): $500,000 ( From Medicaid Covers )
• Third Year-: $500,000 ( From Self – Pay Clients ): $1,500,000 ( From Medicaid Cover )

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

The marketing and sales strategy of Grace & Mercy Group Home, LLC will be based on generating long-term personalized relationships with our residence. In order to achieve that, we will ensure that we offer top notch all – round nursing care facility services at affordable prices compare to what is obtainable in Florida.

All our employees will be well trained and equipped to provide excellent and knowledgeable nursing care facility services and customer service.

We know that if we are consistent with offering high quality nursing care facility service delivery and excellent customer service, we will increase the number of our customers by more than 25 percent for the first year and then more than 40 percent subsequently.

Before choosing a location for Grace & Mercy Group Home, LLC, we conducted a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market and become the preferred choice for residence of Saint Augustine and other cities in Florida.

We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time. We hired experts who have good understanding of the nursing care facility industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Florida.

In summary, Grace & Mercy Group Home, LLC will adopt the following sales and marketing approach to win customers over;

• Introduce our business by sending introductory letters to residence, clubs for elderly and people with disability and other stake holders in Florida
• Advertise our business in community based newspapers, local TV and local radio stations
• List our business on yellow pages ads (local directories)
• Leverage on the internet to promote our business
• Engage in direct marketing
• Leverage on word of mouth marketing (referrals)
• Enter into business partnership with hospitals, government agencies and health insurance companies.
• Attend healthcare related exhibitions / expos.

11. Publicity and Advertising Strategy

We are in the group home facility business -to become one of the market leaders and also to maximize profits hence we are going to explore all available conventional and non – conventional means to promote Grace & Mercy Group Home, LLC.

Grace & Mercy Group Home, LLC has a long term plan of building group home facilities in key cities in the United States of America which is why we will deliberately build our brand to be well accepted in Saint Augustine – Florida before venturing out.

As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand to the general public. Here are the platforms we intend leveraging on to promote and advertise Grace & Mercy Group Home, LLC;

• Place adverts on both print (community based newspapers and magazines) and electronic media platforms
• Sponsor relevant community health programs that appeals to the aging population
• Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our brand
• Install our BillBoards on strategic locations all around Saint Augustine – Florida.
• Engage in road show from time to time in location with growing aging population
• Distribute our fliers and handbills in target areas with high concentration of aging population and people with disabilities
• Ensure that all our workers wear our branded shirts and all our vehicles are well branded with our company’s logo et al.

12. Our Pricing Strategy

We are aware that for us to gain more grounds, we will need to enter the market with a very competitive price. Grace & Mercy Group Home, LLC will work towards ensuring that all our services are offered at highly competitive prices compare to what is obtainable in The United States of America.

On the average, group home facility service providers usually leverage on the fact that a good number of their clients do not pay the service charge from their pockets; private insurance companies, Medicare and Medicaid are responsible for the payment.

In view of that, it is easier for group home facility service providers to bill their clients based in their discretions. Be that as it may, we have put plans in place to offer discount services once in a while and also to reward our loyal customers especially when they refer clients to us.

• Payment Options

At Grace & Mercy Group Home, LLC, our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that will be available in every of our outlets;

• Payment by cash
• Payment via Point of Sale (POS) Machine
• Payment via online bank transfer (online payment portal)
• Payment via Mobile money
• Check (only from loyal customers)

In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches.

13. Startup Expenditure (Budget)

If you are looking towards starting a nursing care facility business, then you should be ready to go all out to ensure that you raise enough capital to cover some of the basic expenditure that you are going to incur. The truth is that starting this type of business does not come cheap.

You would need money to secure a standard residential facility big enough to accommodate the number of people you plan accommodating per time, you could need money to acquire medical equipment and supply and you would need money to pay your workforce and pay bills for a while until the revenue you generate from the business becomes enough to pay them.

The items listed below are the basics that we would need when starting our assisted living facility business in the United States;

• The Total Fee for Registering the Business in the United States – $750.
• Legal expenses for obtaining licenses and permits – $1,500.
• Marketing promotion expenses for the grand opening of Grace & Mercy Group Home, LLC in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of – $3,580.
• Cost for hiring Consultant – $2,500.
• Cost for Computer Software (Accounting Software, Payroll Software, CRM Software, Microsoft Office, QuickBooks Pro, drug interaction software, Physician Desk Reference software) – $7,000
• Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $3,400.
• Cost for leasing a standard and secured facility in Saint Augustine – Florida for 2 years – $500,000
• Cost for facility remodeling – $20,000.
• Other start-up expenses including stationery ($500) and phone and utility deposits ($2,500).
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $100,000
• The cost for Start-up inventory (stocking with a wide range of products such as toiletries, food stuffs and drugs et al) – $50,000
• Storage hardware (bins, rack, shelves,) – $3,720
• The cost for the purchase of furniture and gadgets (Beds, Computers, Printers, Telephone, TVs, tables and chairs et al): $4,000.
• The cost of Launching a Website: $700
• Miscellaneous: $10,000

We would need an estimate of $750,000 to successfully set up our group home facility in Saint Augustine – Florida. Please note that this amount includes the salaries of all the staff for the first month of operation.

Generating Funding / Startup Capital for Grace & Mercy Group Home, LLC

Grace & Mercy Group Home, LLC is a family business that is solely owned and financed by Mrs. Grace Smith and her family. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.

These are the areas Grace & Mercy Group Home, LLC intends to generate our start – up capital;

• Generate part of the start – up capital from personal savings
• Source for soft loans from family members and friends
• Apply for loan from my Bank

N.B: We have been able to generate about $200,000 (Personal savings $150,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $550,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Grace & Mercy Group Home, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our group home services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Grace & Mercy Group Home, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

• Business Name Availability Check: Completed
• Business Registration: Completed
• Opening of Corporate Bank Accounts: Completed
• Securing Point of Sales (POS) Machines: Completed
• Opening Mobile Money Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Leasing of facility and remodeling the facility: In Progress
• Conducting Feasibility Studies: Completed
• Generating capital from family members: Completed
• Applications for Loan from the bank: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
• Recruitment of employees: In Progress
• Purchase of Medical Equipment and vans et al: In Progress
• Purchase of the Needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business both online and around the community: In Progress
• Health and Safety and Fire Safety Arrangement (License): Secured
• Opening party / launching party planning: In Progress

Frequently Asked Questions

Are you qualified to run a group home.

To qualify to run and manage a group home, you need a master’s or bachelor’s degree in social work, public health, or a similar field. In addition, you will need certain skills like excellent communication, time management, and leadership skills.

2. What Is A Youth Group Home?

Youth group home is a group home that provides therapy, 24-hour supervision and support to troubled teens in a home-like setting. Unlike large residential treatment facilities or psychiatric hospitals, youth group homes serve a small number of teens.

They reside in a family-like setting with trained staff. These group homes may house youths with physical disabilities, mental disabilities, emotional problems or those in transition between foster homes.

3. Who Qualifies You To Live In A Group Home?

Residents of group homes tend to have some type of chronic mental disorder that impairs their ability to live independently. Note that many group home residents also have physical disabilities such as impairments of vision or ambulation.

These individuals require continual assistance to complete daily living and self-care tasks. Some also require supervision due to behaviour that may be dangerous to self or others, such as aggression or a tendency to run away.

4. What Certifications Are Needed To Open A Group Home?

• CPR certification
• Group Home Administrator 40 hour ICTP
• Certified Occupational Health Nurse (COHN)
• Informatics Nursing Certification (RN-BC)
• Board-Certified Case Manager (CCM)
• Certified Addictions Registered Nurse (CARN)
• Local fire marshal’s certificate

5. What Is A Group Home For QRTP?

QRTP is a specific category of non-foster family home setting, for which public child welfare agencies are expected to meet detailed assessment, case planning, documentation, judicial determinations and ongoing review and permanency hearing requirements for a child to be placed in and continue to receive federal Title IV-E funding for the placement. QRTPs are a subset of licensed group care facilities; they do not wholly replace them.

6. How Do You Get Funding To Start A Group Home?

Group homes are licensed and monitored by state departments of human services, licensing offices or bureaus, and funding for their operations may come from different sources.

• Microfinancing
• Peer-to-Peer Lending
• State and Federal Government Grants and Loans
• Private Foundations

7. What Is Needed To Start A Home Day-Care?

• Adequate funding
• A suitable location
• Furniture and supplies
• Child care safety equipment such as fire extinguishers, disaster supplies, etc
• Child care software
• Qualified staff
• Policies and procedures

8. What Do You Need To Work In A Group Home?

To become a group home worker, you need a high school diploma or equivalent. However, some employers may require post-secondary education, such as an associate or bachelor’s degree in social work.

You will also need to acquire an internship at a group home to gain hands-on experience working with residents. Nonetheless, to be a good group home worker, you need lots of patience and empathy, and the perseverance to handle different physical, emotional, and behavioural issues.

9. How Do You Start A Group Home At Risk Youth?

Opening a group home at risk youth requires adhering to all licensing requirements and passing the inspection and application process. Nonetheless, the steps involved in opening a group home at risk youth include;

• Research the current availability of group homes for teens in your community
• Write a mission statement and a business plan
• Appoint a board of directors
• Find funding for your teen sanctuary
• Apply for licensing, non-profit tax exemption, incorporation and other legal protections and sanctions your board recommends.
• Buy an existing building and hire a contractor to refurbish the structure, or purchase property on which your group home will be built.
• Solicit community help to build your teen group home so you can save money on construction.
• Get occupancy permits and submit to inspections from village, city, township and/or county authorities.
• Hire staff and conduct criminal background checks.
• Keep a wait-list of clients to fill beds as residents’ age out, move out or leave.

10. What Qualifications Do You Need To Open A Care Home?

All 50 states require these professionals hold licensure, although requirements for receiving this requirement vary by state. Nonetheless, to qualify to open as a care home in the United States, you must:

• be at least 21 years of age;
• be of good moral character and suitability;
• hold a Bachelor’s (or higher level) Degree from an accredited educational institution, including (or supplemented by) 15 credit hours of specific education;
• complete an Administrator-In-Training (AIT) Program (Internship) OR qualifying field experience;
• complete a course in nursing home administration;
• Receive a passing score on the Nursing Home Administrator Licensing Examination.

11. What Is Your First Step?

The very step when looking to start a care home in the United States is to create a well detailed business plan that identifies the type of group home you would like to open. You need to make a business plan for your care agency because it is the base of your home and will be needed for each step you follow. A business plan includes the following:

• Executive summary – Explain the basics of your care home.
• Company description – Write the mission and goals of your care home.
• Services – Describe what services you will be providing.
• Marketing plan – How will people learn about your business? Decide the pricing of your business as well.
• Management and organization – Describe the ownership structure of you care home business.
• Operational plan – Explain the facility and staff, as well as supplies you will need to operate.
• Financial plan – This is where you will write a cash flow projection, balance sheet snapshot and break-even analysis.

12. What Qualifications Must The Program Administrator Of The Group Home Possess?

Group home program administrators are responsible for planning, directing, and coordinating their group home program or service. Howbeit, the qualifications they are expected to posses include;

• A Group Home Administrator Certificate
• A Bachelor’s Degree in Behavioural or Social Sciences from an accredited school is required.
• A Master’s Degree in Behavioural or Social Sciences is preferred.
• One year experience in a residential setting
• One year experience as a supervisor

13. How Much Does It Cost To Start A Group Home?

The amount you need will depend on many factors, but on the average, it will cost between $115,000 — $155,000.

14. How Profitable Is A Group Home?

A group home in the United States is quite profitable especially since demand from individuals aged 15 and under is expected to remain high because the majority of orphanages and group homes cater to children in this age bracket. Note that a properly retrofitted group home can reap $7,000, or more, per bed in revenue. And with 8 to 12 beds in a mansion setting, the rewards can be stunning.

15. How Do Group Homes Work?

The treatment provided in a group home tend to primarily focus on improving self-esteem, teaching new skills and holding residents accountable for their behaviour. Some group homes offer specialized treatment for specific issues, like autism, substance abuse, or inappropriate sexual behaviour. Most group home programs include:

• Anger management
• Drug education
• Family therapy
• Group therapy
• Individual therapy
• Individualized behaviour programs

16. What Does A Group Home Manager Do?

A group Home Manager directs operations in care facilities for the elderly or the disabled. Duties of a group home manager include overseeing daily operations, developing budgets, hiring and training staff, scheduling employees, and implementing programs for residents.

17. How Do You Start A Senior Living Home?

The following steps are how you can get started in the senior living industry.

• Acquire Land or a Home
• Contract a Real Estate Agent and Check Zoning Laws
• Hire an Architect and Building Contractors
• Apply for Permits
• Hire the Right People
• Secure the Necessary License
• Purchase Furniture
• Plan for Marketing and Advertising

18. Can You Turn Your Home Into An Assisted Living Facility?

Yes, you can  convert your home into an assisted living facility . However, you need to see the regulations in your state or city and apply them to the structure you are considering for conversion to an Assisted Living Facility.

19. How to Start a Group Home In California?

There are several agencies involved in the oversight of group homes in California. The processes to start a group home in California include;

• Contact your local Regional Centre.
• Attend a “Residential Services Training” through your Regional Centre
• Develop a “program design” that shows how you can meet and fill the current needs of your local Regional Centre.
• Attend an orientation at Community Care Licensing (CCL) for Adult Care, Child Care or Elderly Care.
• Apply for a license
• Apply for “Vendorization” through your local Regional Centre
• Accept your first client from the placement packets and proudly open your Group Home.

20. How Do You Convert Your Home Into An Assisted Living Home?

Depending on your house, neighbourhood and state, it may not be possible to convert your house into an assisted living facility. If it is, the process and steps will include;

• Check the zoning of your property with your city or county. Assisted living facilities are businesses and are typically not allowed in residential zones.
• Research your state laws and regulations on assisted living facility licensing.
• Understand the regulations on facility space, structural and safety requirements and compare them to your home.
• Seek adequate financing to make physical changes to your home as well as to hire the clinical and support staff required under state law.
• Hire a contractor with experience in assisted living facilities, skilled nursing facilities or other healthcare structures.
• Apply to your state for licensure as an assisted living facility.
• Hire or contract required staff which usually includes a nurse who visits a certain number of hours per week.

21. How To Start A Group Home In Michigan?

Here is how you can start a group home in Michigan;

• Consult with a licensed group home institution and take notes on its current operating setup.
• Meet the state requirements for group homes.
• Hire competent staff
• Create a building plan review and submit it to the Department of Energy, Labour and Economic Growth (DELEG) and the Bureau of Fire Services (BFS).
• Apply for a local zoning approval to start a group home that fits seven or more clients
• Apply for a group home license in Michigan

22. How To Start A Group Home In Ohio?

The Ohio Department of Job and Family Services (ODJFS) is responsible for providing guidelines for group homes, which must be licensed by ODJFS or an approved local entity. Here is how you can start a group home in Ohio;

• Review your financial situation and determine if you can afford to purchase a house
• Determine the location and house
• Purchase the house
• Develop a written emergency plan that outlines procedures for fires, evacuations, missing persons and severe weather
• Sign and submit the application to the Ohio Department of Job and Family Services
• Attend the onsite inspection
• Hire the home staff

23. What Are The Steps To Start A Group Home In Kansas?

Here is how you can start a group home in Kansas;

• Decide which kind of group home you would like to have in Kansas.
• Choose the programs your group home is going to offer.
• Decide on the exact location of your group home.
• Decide on the number of occupants you’d like to have in your group home.
• Make sure that you know the type of employees and the manpower you need to operate your group home.
• Obtain a group home license from the Kansas Department of Health and Environment.
• Research grants that would match your choice of business.

24. How Many Group Homes Can You Open?

As a new entity, licensing agencies will be eager to see how you succeed with one program. Howbeit, when licensed, if the program is successful in its initial operation (a period of approximately 15-18 months), you may apply for a license for another facility.

25. How To Start A Group Home In Texas?

Here is how you can start a group home in Texas;

• Register the type of group home you want based on the type of people you wish to help in your community.
• Write a business plan that summarizes your vision, mission, business goals,  start-up and operating costs , marketing plan and expenses, financial projections and competitor analysis.
• Buy, rent or lease a home or facility that is sufficient to house the number of people you want
• Comply with local fire building codes and zoning regulations.
• Contact the Texas Department of Aging and Disability Services (DADS) and Texas attorney general’s office.
• Obtain the license to open the group home in Texas from DADS.
• Register your business legal structure and business name with the Texas Secretary of State.
• Obtain general liability insurance and business insurance
• Hire employees who have a clean criminal background and a driver’s license.

26. Where Can You Get Information And Financial Help To Open A Foster Or Group Home?

Group homes are licensed and monitored by state departments of human services, licensing offices or bureaus, and funding for their operations may come from different sources. Note that contacting the local county child welfare agency is a first good step to learn about requirements and financing options concerning Foster or group homes.

Child Welfare Information Gateway, a service of the Children’s Bureau, Administration for Children and Families, also provides contact information for State Foster Care Program Managers and State Licensing Specialists on its website.

27. What Does A Residential Care Worker Do?

Residential care refers to personal care services given to children and adults unable to live independently. Responsible for providing these services are residential care workers, professionals who focus on improving the physical and mental well-being of their clients. The primary role of residential care workers is to provide physical care to patients who cannot perform day-to-day living tasks.

29. How Do You Start A Group Home For Special Needs Adults?

The necessary steps to take include;

• Contact a Social Service agency such as the Department of Human Services (DHS) or a private charity such as Catholic Social Services or Lutheran Social Services.
• Find housing that meets licensing and inspection requirements
• Attend the workshop or other licensing sessions required for licensure.
• Apply for grants and seek funding for your group home .
• Evaluate your budget regularly, and make changes as needed.
• Renew your license.

30. What Is The Difference Between A Group Home And A Residential Treatment Centre?

The key differences between a group home and residential treatment centre are the intensity of the treatment and environment where treatment is carried out in. Group homes consist of 24/7 monitoring, while residential treatment centres consist of monitoring, but not quite on a 24/7 intensity.

Another key difference between the two is the length of treatment. Note that most people that seek treatment for mental health issues are treated on an outpatient basis, in which they attend regular meetings – usually 2-3 times per week.

While group home treatment is usually short-term. Residential treatment has the potential to be ongoing – it all depends on how an individual responds to treatment.

31. What Is The Single Point Of Entry?

Single point of entry simply refers to a program from which a current or potential long-term care consumer can get long-term care information, screening, assessment of need, care planning, supports coordination, and referral to appropriate long-term care supports and services.

GOC is responsible for the coordination and oversight of the Single Point of Entry process. GOC staff conducts the Single Point of Entry Training and provides technical support to prospective residential child care program providers.

32. How Do You Start A Non-Medical Home Care Business?

To start a non-medical home care business, here are steps to consider;

• Determine the Structure of Your Business.
• Create a Business Entity and Meet Licensing Requirements.
• Develop Your Policies and Procedures.
• Set Up Your Financial Systems.
• Recruit and Hire Office Staff.
• Develop a Recruitment and Retention Plan for Caregivers.
• Scheduling, Billing, and Time Keeping Systems.
• Set Up Your Office.
• Develop Your Sales and Marketing Plan
• Measuring the Success of Your Business

33. What Do I Need To Ask Myself Before Starting The SPE Process?

The process of becoming licensed to operate a group home for children is not easy and will take a lot of time and energy on your part. You need to ask yourself:

• Am I qualified to run a group home?
• What experience do I have with the population I intend to serve?
• What data/information do I have that indicates a program is needed in the area where I plan to locate?
• Do I have the six months of financial resources the State recommends to start a new business? If I am dependent upon loans, will I have the resources to pay them back?
• What is special about my program that will make it attractive to placement workers?
• Do I have the business skills needed to run a small business? If not, whom can I depend upon to help me with the business side?
• Do I have the management skills needed to run a program? If not, whom can I depend upon to help me with the program side of the business?

34. What Are The Benefits Of Transitional Housing?

Transitional housing  more or less describes a community project or program that provides temporary housing and support services for homeless people until they can find permanent solutions. Its benefits include;

• Reduced Crime
• Disease Prevention
• Substance Abuse
• Employment Assistance
• Self Esteem

35. How To Start A Group Home In Florida?

The Steps to take include;

• Decide what type of group home you would like to open and create a business plan
• Find a location that will suit your group home needs
• Consult with local agencies and  become a certified group home
• Pass a safety inspection and take classes to become a foster parent if you would like a group home for children .
• Apply with the local Florida area agencies if you wish to start a group home for disabled individuals.
• Contact the Florida Department of Elder Affairs if you would like to run a group home for the elderly.

36. How Much Does It Cost To Build A Custom Home?

Custom homes cost anywhere from $350,000 to $1.5 million or more. Expect to pay $300 to $500 per square foot for custom and luxury builds. Custom homes come in almost any shape and size.

37. What Happens After I Attend A Single Point Of Entry Training?

After attending the SPE Training, you will be issued the SCYFIS (State Children, Youth and Families Information System) logon and a password needed to submit your proposal online.

38.  How Much Does A Group Home Owner Make A Year ?

Most group home owners really do not profit off of their group homes because it is about helping the residents or whoever occupies the group home. However, if you are running a group home to make money, you could get about 400 dollars a week per child from the state.

A lot of people do get the money but most of it is put back into the group home to pay the expenses of the occupants and the home itself. The expenses of the group home are mandatory if you want to keep your home from getting shut down or closed. But in a year a group home owner makes about $20,800 per child.

39. How Much Do Group Home Workers Get Paid?

According to the BLS, the median salary of a group home worker was $25,280 per year as of 2019, or $12.15 per hour. Also, job website PayScale notes that supervisory positions in group home jobs pay an average of $14.30 per hour, with salaries typically ranging from $11.13 to $18.75 per hour. Annualized, the average full time salary is $36,498, with a typical range between $28,000 and $50,000.

40. How Much Money Do You Need To Start An Assisted Living Facility?

An article by Forbes on assisted living facilities estimates the cost of an 80-bed facility at $11 million (or $130,000 to $145,000 per bed). Howbeit, ensure to add three to six months’ operating expenses to the budgeted start-up costs. The level of operating costs will depend on the type and size of the facility to be created.

41. What Happens After You Submit A Proposal To GOC?

Within 90 days of receiving it, GOC will put your proposal through rigorous examination. Note that after the review, you will either be required to submit additional information, or your proposal will be forwarded to the appropriate licensing agency.

If you are asked to submit additional information, you will be asked to submit it within 60 days of receipt of the letter or the State will consider your proposal withdrawn. The entire process – including the review of the proposal and any proposal revisions requested by GOC, and the process for acquiring a license by one of the licensing agencies – can take up to one year or longer. The length of time for the entire process will depend on the quality of your proposal submission.

42. What Experience Do You Need To Have For The Population You Intend To Serve?

• Crisis Intervention
• Independent Living
• Personal Care
• Other Skills like CPR and patient care

43. How Do You Start A Non-Profit Assisted Living Facility?

While all assisted living communities charge a fee to residents, non-profit facilities are different because any profit the facility makes after all expenses are paid goes back into that facility. No profits are taken by shareholders or anyone else. To start a non-profit assisted living facility, here are steps to consider;

• Choose a name
• Build, purchase or convert an existing facility for your new assisted living business.
• File articles of incorporation
• Apply for your IRS tax exemption
• Apply for a state tax exemption
• Draft bylaws
• Appoint directors
• Hold a meeting of the board
• Obtain a specialized license as an assisted living business.
• Obtain an operator’s license required by your state.

44. What Are Some Good Rules To Follow In Developing Your Proposed Program?

It is pertinent you consider your proposal as a business plan. Take time to think about your vision for your program. Your completed proposal should be a picture of what your program will look like and what it will take to operate it.

It should encompass every aspect of your business such as: description of your program, operational plan, description of staff and their duties and responsibilities, services offered, start-up budget and operational budget. Please be sure to read through your proposal thoroughly before submission.

45. How Many Youths May You Have In Your Program?

Have it in mind that several factors determine the maximum number of youths you may have in your program. These factors include the Fair Housing Act as amended in 1988; COMAR regulations, fire authority, and health and safety.

46. How Much Do Resident Managers Make?

As of Mar 17, 2022, the average annual pay for a Resident Manager in the United States is $40,250 a year. This equates to approximately $19.35 an hour, $774/week, and $3,354/month.

47. What Types Of Group Homes Are Licensed By DHR, DJS, And DHMH?

DHR Licenses the following types of group homes:

• Independent Living Programs
• Shelter Care
• Regular Group Homes
• Respite Care
• Teen Mother Baby Programs
• Treatment Foster Care

DJS Licenses the following types of group homes:

• Secure Group Homes

DHMH Licenses the following types of group homes:

• Residential facilities for children with developmental disabilities
• Therapeutic Group Homes

48.  Is Owning An Assisted Living Facility Profitable ?

Yes, the senior care industry in the US has never looked more promising than it does now. Thanks to the mass retirement of baby boomers and massive leaps in healthcare technology, we are experiencing the largest population of older adults than ever before.

The US assisted living home market size was estimated at $73.6 billion in 2018, with a CAGR of 6.4% over the forecast period. Stable assisted living communities have a profit operating profit margin between 28 and 38% – though the margin decreases in facilities with a memory care component.

Note that a single-family home can generate $36,000 of gross profits and $10,000 of monthly cash flow. This value varies based on a range of aspects, like its size, location, and amenities.

49. Where Can You Find A List Of Homes That Are Designated As Residential Homes For Developmentally Disabled Individuals?

Group homes that serve persons with disabilities are regulated by the Agency for Persons with Disabilities. Group homes that serve children will be regulated by the Department of Children and Families. Meanwhile, certain group homes for the elderly may be licensed by the Agency for Health Care Administration. These agencies provide detailed lists of homes designated as residential homes for the population they cover.

50. Are Group Homes Non-Profit?

Group homes can be run either as a non-profit or a for-profit venture.

51. Can A Non-Profit Organization Own A Long-Term Care Facility?

No, nonprofit organizations cannot own long- term care facilities

52. How Much Profit Do Care Homes Make?

Non-medical home care rates currently range from $20 an hour to $40 per hour, depending on the location. Small towns and rural areas, where living costs are lower, are less, and big cities, where living costs are high, tend to be on the high side. Nonetheless, the national average is $27 per hour, which works out to $54,000 a year with a 40 hour work week.

53. How Long Does Your Proposal Have To Be?

Note that there is no limit on the length of your proposal. You will only have to follow the Proposal Outline and the COMAR regulations (14.31.06) when developing your proposal.

54. How Do You Start A Private Care Business?

Due to the aging of baby boomers and increased life expectancy, the number of senior citizens over the age of 65 is increasing every year. With that comes the increasing need for medical and personal care as well. This offers great business opportunities for entrepreneurs in the healthcare industry to start your own private care business, here are steps to consider.

• Create a business plan.
• Register with the state
• Obtain Medicare and Medicaid certifications.
• Hire great staff.
• Get your clients.

55. Where Can You Find Classes For Assisted Living Training?

• CareAcademy
• American Caregivers Association
• Family Caregiver Videos and Webinars
• Video Experiences of Fellow Caregivers
• Interactive Caregiver Courses and Videos

56. How Do AFC Homes Get Paid?

• Social Security
• State Based, Non-Medicaid Assistance Programs
• Veterans’ Programs
• Reverse Mortgages & Home Equity Options
• Life Insurance Policies
• Long Term Care Insurance

57. What Are Tips For Writing A Good Proposal?

• Be clear, concise and logical.
• Make it reader friendly.
• Leave plenty of time to research the type of program you want to develop and whether that type of program is needed in the area you are considering.
• Familiarize yourself with State regulations,  policies and procedures that will govern your program .
• Use the SPE Proposal Outline as it will help you structure the information that is needed in the proposal.
• Do not use jargon and contractions.
• Do not rely heavily on acronyms.
• Proofread, proofread, proofread.

58. How Does A Homeless Shelter Work?

A homeless shelter more or less starts with a group of individuals who intend to develop a plan to help people in the community who need shelter. It eventually grows into a plan to  put up a homeless shelter . Most homeless shelters are funded by sponsors such as hospitals, companies, professionals, and individuals. Among the programs provided by homeless shelters are:

• Providing shelter
• Distribution of basic necessities
• Rehabilitation

59. What Is The HUD Septic System Distance Requirement?

According to HUD, a domestic well is expected to be located a minimum of 100 feet from the septic tanks drain field, where the waste is disposed, and a minimum of 10 feet from any property line. In some cases, state or local regulations have greater distance requirements which must be met.

60. How Much Does The Government Pay For Group Homes?

$400 a week per child from the state

Group Home Business Plan Template

Written by Dave Lavinsky

Over the past 20+ years, we have helped over 1,000 entrepreneurs and business owners create business plans to start and grow their group home companies.

If you’re unfamiliar with creating a group home business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a group home business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a Group Home Business Plan?

A business plan provides a snapshot of your group home business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Group Home

If you’re looking to start a group home business or grow your existing group home company, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your group home business to improve your chances of success. Your group home business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Group Home Businesses

With regard to funding, the main sources of funding for a group home business are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for group home companies.

Finish Your Business Plan Today!

How to write a business plan for a group home business.

If you want to start a group home business or expand your current group home business, you need a business plan. The guide below details the necessary information for how to write each essential component of your group home business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of group home business you are running and the status. For example, are you a startup, do you have a group home business that you would like to grow, or are you operating a chain of group homes in your business?

Next, provide an overview of each of the subsequent sections of your plan.

• Give a brief overview of the group home industry.
• Discuss the type of group home business you are operating.
• Detail your direct competitors. Give an overview of your target customers.
• Provide a snapshot of your marketing strategy. Identify the key members of your team.
• Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of group home business you are operating.

For example, you might specialize in one of the following types of group home businesses:

• Faith-based Group Home: In this type of group home business, you may specialize in adding spiritual support courses and counsel to the residence group home experience.
• Boutique Group Home: If you are opening a boutique group home, you will want to offer distinctive, personalized services that appeal to your target audience. Offerings may include massage treatments, herbal wraps, nutritional supplements and counseling for the small group of guests in your boutique group home.
• Senior Group Home: This type of group home business is focused on guests who are aged 65 years and older. Guests may attend classes on health and safety for seniors, as well as receive medical treatment and recovery options. Classes are small and residences are typically small in size. On-call medical care may also be offered.
• Teen & Young Adult Group Home: Offering select group homes to teens and young adults offers a marketing advantage, as most teens will opt for this environment. Guests are engaged in physical activities, including dances and outdoor activities, as well as circle therapy groups, medical oversight and rooms that sleep up to four teens or adults.

In addition to explaining the type of group home business you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of guests served, the amount of revenue during the past six months, opening a second group home location, etc.
• Your legal business structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the group home industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the group home industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your group home business plan:

• How big is the group home industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your group home business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your group home business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals, physicians, hospital placement staff.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of group home business you operate. Clearly, individuals would respond to different marketing promotions than hospital staff, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regard to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other group home businesses.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes on-site church programs, welfare housing assistance and drug treatment centers. You need to mention such competition, as well.

For each direct competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

• What types of customers do they serve?
• What type of group home business are they?
• What is their pricing (premium, low, etc.)?
• What sets their business apart from others?
• What are their weaknesses?

With regard to the last two questions, think about your answers from the customers’ perspective. And, don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide options for group home visitors on a daily or weekly basis?
• Will you offer products or services that your competition doesn’t?
• Will you provide better customer service?
• Will you offer value-based pricing?

Think about ways you will outperform your competition and document them in this section of your plan.

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a group home business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of group home company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide a six-month extended stay group home experience?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.

Place : Place refers to the site of your group home company. Document where your company is situated and mention how the site will impact your success. For example, is your group home business located in a quiet neighborhood, a rural farming district, or an inner-city boarding house? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your group home marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

• Advertise in regional medical periodicals and/or magazines
• Reach out to physician websites
• Distribute direct mail pieces to your target audience
• Engage in email marketing
• Advertise on social media platforms
• Improve the SEO (search engine optimization) with target keywords on your website

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your group home business, including answering calls, planning and stocking group home items, paying invoices, contacting customers, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to admit your 100th guest, or when you hope to reach $X in revenue. It could also be when you expect to expand your group home business to a second or third location.

Management Team

To demonstrate your group home business’ potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing group home businesses. If so, highlight this experience and expertise. But, also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a group home business or successfully running a small motel.

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you serve 10 guests per day, and/or offer group home experiences with amenities? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your group home business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit, but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a group home business:

• Cost of medical care, medical supplies, and administrative staff
• Cost of furnishings or accessories
• Payroll or salaries paid to staff
• Business insurance
• Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, office supplies and equipment

Attach your full financial projections in the appendix of your plan, along with any supporting documents that make your plan more compelling. For example, you might include your group home location lease or a list of associates who are already lined up to refer guests to your business.  

Group Home Business Plan Template PDF

You can download our group home business plan PDF to help you get started on your own business plan.

Writing a business plan for your group home business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the group home industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful group home business.

Don’t you wish there was a faster, easier way to finish your Group Home business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to see how Growthink’s business plan advisors can give you a winning business plan.

Other Helpful Business Plan Articles & Templates

Home » Healthcare

A Sample Foster Care Group Home Business Plan Template

A group home is a community-based, long-term facility for specific types of residents (juveniles) who cannot live with their families due to behavioral issues. It is important to state that some group homes treat the mentally ill and the disabled.

Available statistics show that there are now about 7,629 group homes (orphanages and foster homes inclusive) in the United States as of 2022, an increase of 1 percent from 2020. The data also shows that California has 754 group homes ( orphanages and foster homes inclusive), Florida has 296 group homes (orphanages and foster homes inclusive) and New York has 284 group homes (orphanages and foster homes inclusive). These are the States with the most number of group homes in the United States of America.

Steps on How to Write a Foster Group Home Business Plan

1. executive summary.

Golden Generation® Group Home Facility, LLC will be based in Espanola, New Mexico. The organization will be committed to serving a small number of teens who will reside in a family-like setting with trained staff and effective programs.

We will house between 4 to 12 children per time in a family setting where they can make full use of community resources, including employment, health care, education, and recreational opportunities. Daniel Young is the founder and CEO of Golden Generation® Group Home Facility, LLC.

Company Profile

A. our services.

Golden Generation® Group Home Facility, LLC will provide a wide range of services that revolves around providing therapy, 24-hour supervision, and support to troubled teens in a home-like setting. We will also provide psychiatric services to emotionally disturbed children.

b. Nature of the Business

Our Group Home facility will operate as a nonprofit organization. We will source finance from donor organizations, private individuals, and relevant government agencies.

c. The Industry

Golden Generation® Group Home Facility, LLC will operate under the orphanages and group homes industry.

d. Mission Statement

Our mission is to provide safe and secured group home facilities to meet the needs of children subjected to abuse and of course to also cater to children with emotional, intellectual, physical, medical, and/or behavioral issues

e. Vision Statement

Our vision of to become the number one group home facility in the whole of New Mexico.

f. Our Tagline (Slogan)

Golden Generation® Group Home Facility, LLC – The Family That Cares!

g. Legal Structure of the Business (LLC, C Corp, S Corp, LLP)

Golden Generation® Group Home Facility, LLC will be formed as a nonprofit corporation at the state level and we will apply for 501(c)(3) tax exemption at the federal level.

h. Our Organizational Structure

• Head of Group Home (President)
• House Manager (Administrator)
• Nurse’s Aides
• Teachers, Caregivers/Rehab Counselors
• Account Officer
• Front Desk Officer
• Security Guards

i. Ownership/Shareholder Structure and Board Members

• Daniel Young (Owner and Chairman/Chief Executive Officer) 51 Percent Shares
• David Young (Board Member) 14 Percent Shares
• Chow Lee (Board Member) 10 Percent Shares
• Pedro Philips (Board Member) 10 Percent Shares
• Monica Tyson (Board Member and Sectary) 10 Percent Shares.

SWOT Analysis

A. strength.

• Ideal Location for group home facility
• Highly Experienced and Qualified Employees and Management
• Access to Pool of Donor Organizations
• Highly Secured and Clean Facility
• Highly structured programs are aimed at helping teens live comfortably as though they are with their families.

b. Weakness

• Budget Limitations
• Lack of full-fledged educational structure
• Inability to initially run and manage the organization without donations and grants
• Operating from a leased facility (restriction to fully modify the facility to suit our style and taste)
• Inability to retain our highly experienced and qualified employees longer than we want

c. Opportunities

• The demand from individuals aged 15 and under is expected to remain high because the majority of orphanages and group homes cater to children in this age bracket regardless of external circumstances
• Government funding for Medicare and Medicaid and private donations are anticipated to increase.
• The orphanages and group homes industry is projected to reverse its decline trend and increase in the coming years.
• We have a pool of finance from donor organizations, individuals, and relevant government agencies.

i. How Big is the Industry?

The orphanages and group homes industry is worth over $8 billion in the United States and there are about 9,623 licensed and registered correctional facilities and Group Homes with a workforce of about 124,872 scattered all across the United States.

ii. Is the Industry Growing or Declining?

Available statistics point to the fact that the industry is presently not growing and revenue for the industry has been adjusted from an increase to a decline of 8.1 percent in 2020 due to declining federal funding and donations. Since many operators are nonprofit, orphanages and group homes rely on federal funding and private donations. Since unemployment and consumer spending is anticipated to decline in 2020, leading to fewer donations, profit is set to decline.

Please note that in the coming year (2022), the revenue for the industry is anticipated to decline slightly, but as the economy recovers and COVID-19 (coronavirus) cases subsequently drop in line with the nationwide vaccination rollout, industry revenue will likely increase.

iii. What are the Future Trends in the Industry

The orphanages and group homes industry is changing, and players in the industry are improvising. No doubt, specialized treatment, technology, and social media will change the landscape of the industry going forward.

iv. Are There Existing Niches in the Industry? If YES, List them

Yes, there are niche ideas in the orphanages and group homes industry, and here are some of them;

• Residential treatment facilities.
• Group Homes and intermediate care facilities.
• Foster care and family support for children.
• Supportive community options for adults with disabilities.
• Group options for seniors with disabilities.

v. Can You Sell a Franchise of your Business in the Future?

Golden Generation® Group Home Facility, LLC has plans to sell franchises in the nearest future and we will target major cities with high children abandonment rates in the United States of America.

• Lack of support from stakeholders and the government
• Unfavorable government policy and regulations.
• Community resistance
• Liability problems
• Reduction in abusive homes and teenage pregnancies

i. Who are the Major Competitors?

• BrightSpring Health Service
• VQ National Ltd.
• Childhelp USA.
• Assurant Care Homes – Minnesota Group Homes
• Karen’s Board & Care
• Dean’s Group Home
• Los Angeles Ronald McDonald House
• The Brambles (Group Home for Adults with Disabilities)
• Verywell Mind (Group Homes for Troubled Teens)

ii. Is There a Franchise for Group Home? If YES, List at least 20 of them and their cost

No, there is no known group home franchise currently.

iii. Are There Policies, Regulations, or Zoning Laws Affecting Group Homes?

Yes, there are county or state regulations or zoning laws for Group Homes. The law in the United States states that before a non-medical home care facility such as a group home can commence operation, there should be at least six residents and at least one trained caregiver there 24 hours a day and 7 days a week. So also, a standard group home is expected to have a house manager, night manager, weekend activity coordinator, and 2 or more caregivers depending on the size of the facility.

Marketing Plan

A. who is your target audience.

i. Age Range

Our target market is for children and adolescents between the ages of 10 and 15 years

ii. Level of Educational

We don’t have any restriction on the level of education of those we will accommodate in our group home.

iii. Income Level

We don’t have any cap on the income level of those who we will accommodate in our group home. Besides, most people who are admitted to group homes have no source of income.

iv. Ethnicity

There is no restriction when it comes to the ethnicity of the people we will welcome into our group home.

v. Language

There is no restriction when it comes to the language spoken by the people we will welcome into our group home, but we will prefer people that speak English and Spanish.

vi. Geographical Location

Anybody from any geographical location will be welcomed in our group home.

vii. Lifestyle

Golden Generation® Group Home Facility, LLC will not restrict any child from accessing our facility and services based on their lifestyle, culture, or race.

b. Advertising and Promotion Strategies

• Host Themed Events That Catch Attention.
• Tap Into Text Marketing.
• Use FOMO to Run Photo Promotions.
• Share Your Events in Local Groups and Pages.
• Turn Your Social Media Channels Into a Resource
• Develop Your Business Directory Profiles
• Build Relationships With Other Nonprofits and related organizations in our Area

i. Traditional Marketing Strategies

• Marketing through Direct Mail.
• Print Media Marketing – Newspapers & Magazines.
• Broadcast Marketing -Television & Radio Channels.
• OOH Marketing – Public Transits like Buses and Trains, Billboards, Street shows, and Cabs.
• Leverage direct sales, direct mail (postcards, brochures, letters, fliers), tradeshows, print advertising (magazines, newspapers, coupon books, billboards), referral (also known as word-of-mouth marketing), radio, and television.

ii. Digital Marketing Strategies

• Social Media Marketing Platforms.
• Influencer Marketing.
• Email Marketing.
• Content Marketing.
• Search Engine Optimization (SEO) Marketing.
• Affiliate Marketing
• Mobile Marketing.

iii. Social Media Marketing Plan

• Start using chatbots.
• Create a personalized experience for our teens (housemates).
• Create an efficient content marketing strategy.
• Create a community for our donors and volunteers.
• Gear up our profiles with a diverse content strategy.
• Use brand advocates.
• Create profiles on the relevant social media channels.
• Run cross-channel campaigns.

c. Pricing Strategy

When working out our pricing strategy, Golden Generation® Group Home Facility, LLC will make sure it covers upkeep, medications, premium, economy or value, and full rehab package for each child.

Our pricing strategy will reflect;

• Cost-Based Pricing
• Value-Based Pricing
• Competition-Based Pricing.

Sales and Distribution Plan

A. sales channels.

Our channel sales strategy will involve using partners and third parties—such as referral partners, affiliate partners, religious organizations, nonprofit organizations, and charity to help refer abusive and abandoned children to us.

Golden Generation® Group Home Facility, LLC will also leverage the 4 Ps of marketing which are place, price, product, and promotion. By carefully integrating these marketing strategies into a marketing mix, we can have a visible, in-demand service that is competitively priced.

b. Inventory Strategy

The fact that we will need educational materials, toiletries, medications, and foodstuffs means that Golden Generation® Group Home Facility, LLC will operate an inventory strategy that is based on a day-to-day methodology for ordering, maintaining, and processing items in our warehouse. We will develop our strategy with the same thoroughness and attention to detail as we would if we were creating an overall strategy for the business.

c. Payment Options for Customers

Here are the payment options that Golden Generation® Group Home Facility, LLC will make available to her donors and contributors;

• Payment via bank transfer
• Payment with cash
• Payment via credit cards
• Payment via online bank transfer
• Payment via check
• Payment via mobile money transfer

d. Return Policy, Incentives, and Guarantees

At Golden Generation® Group Home Facility, LLC, we offer services, and the nature of services we offer does not accommodate return policy, but we will guarantee our housemates that great transformation will occur in their lives if they follow our program.

e. Customer Support Strategy

Our customer support strategy will involve seeking customer feedback. This will help us provide excellent customer service to our housemates and donors, it will help us to first understand their needs, experiences, and pain points.

We will work with an effective CRM software to be able to achieve this. We will work towards strengthening our Customer Service Team and also Leverage Multi-Channel Servicing as part of our customer support strategy.

Operational Plan

Our operational plan will cover capacity planning, location planning, layout planning, quality planning, and methods planning.

We plan to expand our revenue by 25 percent in the second year and the plan will include a marketing, sales, and operations component. The operations component of the plan would include attracting grants that will enable us boost our service offering.

a. What Happens During a Typical Day at a Group Home?

• The facility is open for the day
• The facility is cleaned and prepared for the day’s activities
• Housemates are welcomed and prepped for the day
• Housemates are provided with educational programs that will help them to properly integrate back into society, learn new skills and morals.
• House chores are carried out at different intervals during the day
• The facility is closed for the day and housemates go back to their rooms to get it arranged and then go to bed.

b. Production Process (If Any)

There is no production process when it comes to a group home.

c. Service Procedure (If Any)

There is no service procedure when it comes to a group home.

d. The Supply Chain

Golden Generation® Group Home Facility, LLC will rely on social workers, counselors, religious organizations, and government agencies to refer children to us. Also, we have been able to establish business relationships with wholesale supplies of educational materials, toiletries, medications, foodstuffs et al.

e. Sources of Income

Golden Generation® Group Home Facility, LLC will make money from;

• Contributions ffrom partners and donors
• Grants from government agencies and charity organizations
• Community support.

The cost to operate a group home varies and it will range from about $65,000 to over $100,000 annually.

Financial Plan

A. amount needed to start your group home.

Golden Generation® Group Home Facility, LLC would need an estimate of $550,000 to successfully set up our group home in the United States of America. Please note that this amount includes the salaries of all staff for the first month of operation.

b. What are the Cost Involved?

• Business Registration Fees – $750.
• Legal expenses for obtaining licenses and permits – $7,300.
• Marketing, Branding and Promotions – $5,000.
• Business Consultant Fee – $2,500.
• Insurance – $5,400.
• Rent/Lease – $200,000.
• Other start-up expenses including, satellite TV subscriptions, stationery ($500), and phone and utility deposits ($2,800).
• Operational Cost (salaries of employees, payments of bills et al) – $40,000
• start-up inventory – $15,000
• Store Equipment (cash register, security, ventilation, signage) – $4,750
• Furnishing and Equipping – $80,000
• Website: $600
• Miscellaneous: $2,000

c. Do You Need to Build a Facility? If YES, How Much Will It Cost?

Golden Generation® Group Home Facility, LLC will not build a new facility for our group home; we intend to start with a long-term lease and after 5 years, we will start the process of acquiring our own facility.

d. What are the Ongoing Expenses for Running a Group Home?

• Cost of stocking up supplies such as educational materials, medications, toiletries, beddings et al
• Cost of food supplies and ingredients
• Utility bills (gas, internet, phone bills, signage and sewage et al)
• Salaries of employees

e. What is the Average Salary of your Staff? List the Job Position and their proposed salary based on industry rate and your startup capital

• Head of Group Home (President) – $45,000 Per Annum
• House Manager (Administrator) – $36,034 Per Annum
• Nurse’s Aides – $29,660 Per Annum
• Teachers, Caregivers/Rehab Counselors – $32,878 Per Annum
• Fundraiser – $36,500 Per Annum and based on target
• Account Officer – $35,000 Per Annum
• Front Desk Officer – $28,000 Per Annum
• Cleaners – $22,000 Per Annum
• Security Guard – $22,000 Per Annum

f. How Do You Get Funding to Start a Group Home

• Raising money from personal savings and sale of personal stocks and properties
• Pitching our business idea and applying for business grants and seed funding from, government, and donor organizations
• Source for soft loans from our family members and our friends.

Financial Projection

A. how much should you charge for your service.

At Golden Generation® Group Home Facility, LLC it is important to note that we will make our facility free of charge since we hope to attract enough grants and funds from donors.

b. Sales Forecast?

• First Fiscal Year (FY1): $350,000
• Second Fiscal Year (FY2): $475,000
• Third Fiscal Year (FY3): $550,000

c. Estimated Profit You Will Make a Year?

Golden Generation® Group Home Facility, LLC will operate as a nonprofit organization.

d. Profit Margin of a Group Home 

Golden Generation® Group Home Facility, LLC is not designed to make profits hence we don’t have a profit margin for our services.

Growth Plan

A. how do you intend to grow and expand .

Golden Generation® Group Home Facility, LLC will grow by first opening other outlets in key cities in the United States of America within the first five years, and then will start selling franchises from the sixth year.

b. Where do you intend to expand to and why? (Geographical locations)

Golden Generation® Group Home Facility, LLC plans to expand first to Chicago, IL, and then to Cleveland, OH, Detroit, MI, Atlanta, GA, and Baltimore, MD. The reason we intend to expand to these geographical locations is that available statistics show that the cities listed above have the highest juvenile delinquencies in the United States.

As a matter of fact, according to the Illinois Criminal Justice Authority’s most recent annual report, almost 300,000 youths live in poverty in Chicago’s Cook County. Over 26,000 crimes against youths have been reported and over 31,000 youths in Cook County have been arrested for criminal offenses.

The founder of Golden Generation® Group Home Facility, LLC plans to exit the business via merger and acquisition. We intend to merge with an international charity organization that has a world spread so that the organization can be placed under a trusted hand when the founder retires.

The goal of combining two or more charitable organizations that are into group homes is to try and achieve synergy – where the whole (the new organization) is greater than the sum of its parts (the former two separate entities).

More on Group Home

A Beginner’s Guide: Starting a Group Home

Group homes.

Key Highlights

• Understanding the concept of group homes and their importance in providing a supportive environment for individuals with disabilities
• The steps involved in starting a group home, including identifying the target population, legal and regulatory requirements, and securing funding
• Setting up the group home by acquiring necessary equipment and designing the space for comfort and safety
• The step-by-step process of starting a group home, including developing a business plan, obtaining licenses and permits, hiring qualified staff, and marketing the group home
• The daily operations of a group home, focusing on creating a positive and supportive environment and managing finances
• FAQ section addressing common questions about the cost of starting a group home and challenges in running one
• Conclusion highlighting the importance of group homes in providing care and support for individuals with disabilities

Introduction

Have you ever thought about what it takes to open a group home? Starting a group home can be a rewarding venture that provides a supportive and caring environment for individuals with disabilities. However, it requires careful planning, understanding of legal and regulatory requirements, and dedication to creating a safe and comfortable space for residents, including those who may have a family member as their caregiver.

In this beginner’s guide, we will explore the key highlights of starting a group home, from understanding the concept of group homes to the step-by-step process of setting up and operating one. Whether you are passionate about making a difference in the lives of individuals with disabilities or looking for a business opportunity in the healthcare industry, this guide will provide you with valuable insights and practical information, including obtaining a “host letter,” to get started.

Understanding Group Homes

Group homes are small residential facilities that provide care and support for individuals with disabilities. They serve as an alternative to institutionalized care, offering a more personalized and home-like environment. Group homes are regulated by state agencies, such as the Department of Health, to ensure the safety and well-being of the residents. They play a crucial role in the community by providing housing, support services, and a sense of belonging for individuals with disabilities.

What is a Group Home?

A group home is a small residential facility that provides housing and support services for individuals with disabilities. It offers a supportive and community-oriented environment where residents can live independently while receiving the care and assistance they need. Group homes are typically designed to accommodate a specific population, such as individuals with developmental disabilities or mental health conditions, and can range from assisted living facilities that offer meals and cleaning services to residential care homes that also assist with daily activities such as bathing and dressing.

These homes are regulated by government agencies, such as the Department of Health, to ensure compliance with safety standards and quality of care, including food inspections. They provide a range of services, including personal care, medication management, social activities, and access to community resources. The goal of a group home is to promote independence, inclusion, and overall well-being for its residents.

The Role and Impact of Group Homes in the Community

Group homes play a crucial role in the community by providing a supportive and inclusive environment for individuals with disabilities. They offer a range of services and support tailored to the specific needs of the residents, promoting independence and community integration.

By providing housing and support services, group homes help individuals with disabilities live fulfilling lives and become active members of the community. These homes contribute to the overall well-being of the residents by offering personalized care, access to healthcare services, and opportunities for socialization and skill development.

In addition to benefiting the residents, group homes also have a positive impact on the community as a whole. They reduce the burden on families and caregivers by providing a safe and supportive alternative to home care. Group homes also create job opportunities in the healthcare sector, contributing to local economic growth. Overall, group homes play an important role in promoting inclusivity, independence, and well-being for individuals with disabilities.

Preliminary Considerations

Before starting a group home, there are several preliminary considerations to keep in mind. These include understanding the legal and regulatory requirements, determining the type of group home you want to open, and finding suitable real estate for your facility.

Identifying Your Target Population

One of the first steps in starting a group home is identifying your target population. Group homes can cater to various populations, such as individuals with developmental disabilities, mental health conditions, or substance abuse issues.

If you choose to focus on individuals with developmental disabilities, it is important to establish connections with the Department of Developmental Services or other relevant human services agencies in your area. These agencies can provide valuable information and support throughout the process of starting and operating a group home.

Understanding the needs and preferences of your target population is essential for providing appropriate care and support. Consider factors such as the level of support required, specific services needed, and any specialized training or certifications your staff may need to have.

Legal and Regulatory Requirements

Starting a group home involves complying with various legal and regulatory requirements. These requirements are in place to ensure the safety, well-being, and quality of care for the residents.

Government agencies, such as the Department of Health and Department of Developmental Services, oversee the licensing and regulation of group homes. Federal regulations may also apply, depending on the type of services offered by the group home.

Some of the common regulatory requirements include obtaining licenses and permits, meeting safety standards, maintaining proper documentation, and adhering to staffing ratios. It is important to research and understand the specific regulatory requirements in your state or region to ensure compliance and avoid any legal issues.

Getting Started

Once you have a clear understanding of the preliminary considerations and legal requirements, it’s time to get started on setting up your group home. This section will guide you through the process of developing a business plan, securing funding, and choosing the right location for your facility.

Securing Funding and Budget Planning

Securing funding is a crucial step in starting a group home. Depending on the scale and scope of your facility, you may need significant capital to cover expenses such as purchasing or renting a property, renovating the space, acquiring necessary equipment, and hiring qualified staff.

One option for funding is to explore small business loans from financial institutions. These loans can provide the necessary capital to start and operate your new group home. It is important to create a detailed budget plan that outlines the estimated expenses and projected income to ensure you have enough money to cover operational costs.

Other potential sources of funding include grants, donations, and partnerships with community organizations or government agencies. Researching and exploring all available options will help you secure the necessary funding to make your group home a reality.

Choosing the Right Location

Choosing the right location for your group home is crucial for its success. Consider factors such as the accessibility of the location, proximity to necessary amenities and services, and the overall safety of the neighborhood.

Research the local area to understand the demand for group homes and the availability of suitable real estate. It is important to assess the local residents’ attitudes and perceptions towards group homes to ensure a smooth integration into the community.

Additionally, consider the layout and design of the property. Ensure that it meets the needs of your target population, provides sufficient space for common areas and individual bedrooms, and adheres to safety regulations and accessibility standards.

By carefully selecting the location, you can create a welcoming and inclusive environment for your residents and foster positive relationships with the surrounding community.

Setting Up Your Group Home

Once you have secured funding and chosen the right location, it’s time to set up your group home. This section will cover the necessary equipment and resources needed for the facility, as well as designing the space for comfort and safety.

Necessary Equipment and Resources

Setting up a group home requires acquiring the necessary equipment and resources to provide quality care and support for the residents. This includes furniture, medical supplies, personal care items, recreational materials, and any specialized equipment or technology needed for individuals with specific needs.

It is important to ensure that all equipment and resources meet safety standards and are in good working condition. Regular maintenance and updates may be required to ensure the safety and well-being of the residents.

Additionally, consider the resources needed for staff training and ongoing professional development. Providing a supportive and well-equipped environment for both residents and staff will contribute to the overall success of your group home.

Designing Your Space for Comfort and Safety

Creating a comfortable and safe living environment is essential for a group home. Consider the layout and design of the space to optimize functionality and promote a sense of belonging for the residents.

Pay attention to safety measures, such as installing appropriate lighting, handrails, and emergency response systems. Ensure that the space is accessible for individuals with mobility challenges and meets all necessary safety regulations.

In terms of comfort, prioritize creating private and comfortable bedrooms for the residents, as well as common areas for socialization and recreational activities. Incorporate elements that promote a sense of homeliness and personalization, such as artwork, plants, and cozy furnishings.

By designing the space with both comfort and safety in mind, you can create a welcoming and supportive environment for the residents of your group home.

Step-by-Step Guide/Process

Starting a group home involves several steps and processes that need to be followed to ensure a successful operation. This section will provide a step-by-step guide to starting and operating a group home, from developing a business plan to marketing your services.

Step 1: Developing a Business Plan

The first step in starting a group home is developing a comprehensive business plan. A well-constructed business plan serves as a roadmap for your group home, outlining your goals, target population, services offered, and financial projections.

Include a description of your organization and its mission, an overview of the services you will provide, and an analysis of the market and competition. This will help you identify your unique selling points and differentiate your group home from others in the area.

Additionally, include a detailed financial plan that outlines your estimated expenses, projected income, and funding sources. Creating a business plan will not only guide you in the startup phase but also serve as a useful point of reference as your group home grows and evolves.

Step 2: Obtaining Licenses and Permits

Obtaining the necessary licenses and permits is a critical step in starting a group home. Depending on your location and the type of services provided, you may need to comply with regulations set by the Department of Health, Health Care Administration, and other government agencies.

Some of the common licenses and permits required for a group home include health facility licenses, food service permits, and zoning permits. These licenses ensure that your group home meets the necessary safety and hygiene standards.

It is important to research and understand the specific licensing requirements in your state or region. Contact the relevant government agencies to obtain the necessary applications and undergo any inspections or evaluations required.

Step 3: Hiring Qualified Staff

Hiring qualified and dedicated staff is essential for the successful operation of a group home. When hiring staff members, consider their qualifications, experience, and compatibility with the mission and values of your group home.

Develop a thorough hiring process that includes interviewing, background checks, and reference checks. Ensure that staff salaries are competitive and in line with industry standards to attract and retain qualified professionals.

Additionally, consider any specific training or certifications required for staff members working with individuals with disabilities. The Department of Children and other relevant agencies may provide resources and guidelines for staff training and development.

Creating a supportive and positive work environment will contribute to the overall well-being and satisfaction of both staff and residents in your group home.

Step 4: Marketing Your Group Home

Marketing plays a crucial role in attracting residents and promoting your group home services. Develop a marketing plan that includes strategies to reach your target audience and differentiate your group home from others in the area.

Consider partnering with community organizations, local social service organizations, and medical professionals to raise awareness about your group home. Attend community events, distribute flyers and brochures, and utilize online platforms to reach potential residents and their families.

Highlight the unique features and services of your group home, such as personalized care plans, engaging activities, and a supportive community environment. Testimonials from satisfied residents and their families can also be valuable in building credibility and trust.

Continuously evaluate and adjust your marketing efforts based on feedback and results. By effectively marketing your group home, can attract residents who will benefit from your services and contribute to the overall success of your facility.

Daily Operations

Once your group home is up and running, it is important to establish efficient and effective daily operations. This section will explore the key aspects of managing a group home, including creating a positive and supportive environment and managing finances.

Creating a Positive and Supportive Environment

Creating a positive and supportive environment is essential for the well-being and happiness of the residents in your group home. Foster a sense of community by organizing social activities, outings, and opportunities for residents to interact with each other.

Encourage open communication and create a safe space for residents to express their needs and preferences. Provide personalized care plans that address individual goals and aspirations. Continuously evaluate and adjust the services and activities offered based on feedback from residents and their families.

Building a supportive and inclusive environment will not only enhance the quality of life for the residents but also contribute to their overall development and well-being.

Managing Finances and Funding

Managing finances and funding is a crucial aspect of running a successful group home. Develop robust financial management systems and practices to ensure the smooth operation of your facility.

Regularly review and update your budget to account for expenses such as staff salaries, utilities, maintenance, and resident care. Seek professional advice or utilize accounting software to track income and expenses, monitor cash flow, and ensure compliance with financial regulations.

Explore various funding sources, such as government reimbursements, grants, and donations, to sustain your group home’s financial stability. Develop relationships with financial institutions and explore small business loans or lines of credit to manage cash flow and unexpected expenses.

By effectively managing finances and securing funding, you can provide quality care and support for the residents while ensuring the long-term sustainability of your group home.

Starting a group home involves careful planning, understanding legal requirements, securing funding, and creating a supportive environment. Identifying the target population and ensuring compliance with regulations are crucial steps. With a solid business plan, appropriate licenses, qualified staff, and effective marketing, you can establish a successful group home. Prioritize comfort, safety, and positive interactions for residents. Managing finances diligently and overcoming challenges will contribute to the sustainability of your group home. Remember, making a positive impact on the community through your group home is a fulfilling journey requiring dedication and compassion.

Frequently Asked Questions

How much does it cost to start a group home.

The cost of starting a group home can vary depending on various factors, including the scale of the facility, location, and target population. It typically involves a significant investment in purchasing or renting a property, acquiring necessary equipment, and hiring qualified staff. Conducting a realistic assessment of your personal finances and creating a sample budget will help determine the estimated costs of starting a group home.

What Are the Biggest Challenges in Running a Group Home?

Running a group home comes with its own set of challenges. Some of the common challenges include complying with regulatory requirements, managing staff effectively, integrating the group home into the community, managing ongoing operational costs, and providing quality care and support for the residents.

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How to Start a Group Home

Last Updated: March 24, 2024 Fact Checked

This article was co-authored by Dan Bodner and by wikiHow staff writer, Christopher M. Osborne, PhD . Dan Bodner is a Transitional Shelter & Homelessness Expert and the CEO & Founder of QuickHaven Transitional Shelters. With over 20 years of experience, he specializes in executive leadership, product development, and innovation, which have helped him develop modular tiny homes to improve the lives of those affected by homelessness. Dan earned a BA from Vassar College and an MS from the University of Texas at Austin. There are 10 references cited in this article, which can be found at the bottom of the page. This article has been fact-checked, ensuring the accuracy of any cited facts and confirming the authority of its sources. This article has been viewed 787,205 times.

A group home can refer to many things, but it generally is a site that provides twenty-four hour non-medical care in a structured environment. [1] X Research source They often focus on the elderly, people with mental or physical disabilities, or those dealing with substance abuse. Starting a group home can lead to a rewarding career helping people in need.

Doing Your Research

• Conduct a “needs assessment” of the local area in which you hope to start your group home. How many similar homes exist in the area? What is their average occupancy level? Is there a need for more? Can you provide a group home setting that will distinguish you from the pack?
• Here, as with numerous other times during this process, you should contact the government agencies that oversee group homes in your area (this will vary by jurisdiction). Ask if there is a need for another group home, and if so, what type is most in demand. You can also contact local social service organizations, hospitals, probation offices, and such for insights into group home needs in the area.

• In all honesty, if your primary goal is anything other than to help vulnerable people, running a group home probably isn’t for you. The job requires hard work, long hours, significant expense, and ample frustration, so you need to be able to find your reward in the good you’re doing for others. [2] X Research source
• Think about who you want to serve with your group home. Seniors? People with disabilities? At-risk children? Despite some similarities, each option offers its own unique challenges and rewards. You may want to visit several types of group homes to get a feel for the differences.

• There is, in fact, some political momentum in the U.S. to cut federal funding for group homes for children, based on examples of abuse and exploitation and questions about their effectiveness. [3] X Research source
• You may well find opposition among local homeowners when it comes time to locate your group home. Even if you’re looking to serve only senior citizens, some people reflexively oppose the notion of having any sort of group home in their midst, often citing the potential risk to property values. When the time comes, make sure you have all your legal “ducks in a row,” and also work on soothing neighborhood nerves by explaining the purpose and need for the group home and the provisions you will make to be a beneficial neighbor.

• Title Page and Table of Contents.
• Executive Summary, in which you summarize your vision for the company.
• General Company Description, in which you provide an overview of your company and the service it provides to its market.
• Products and Services, in which you describe, in detail, your unique product or service.
• Marketing Plan, in which you describe how you'll bring your product to its consumers.
• Operational Plan, in which you describe how the business will be operated on a day-to-day basis.
• Management and Organization, in which you describe the structure of your organization and the philosophy that governs it.
• Financial Plan, in which you illustrate your working model for finances and your need from investors.
• The U.S. Small Business Administration ( https://www.sba.gov/ ) and similar small business support entities can also offer guidance on developing a business plan.

• Along with guidance for your business plan, the U.S. Small Business Administration also offers a wealth of information on the process and expectations for securing small business loans from financial institutions.
• Inquire with the local and state agencies responsible for overseeing group homes in your jurisdiction, to see if there are grants or low-interest loans available.
• Don’t be afraid to get creative in securing start-up funding for your group home. The options can range from crowdfunding to renting out part of your residence. Borrowing from friends and family is often an option as well, although you must balance its benefits with the possible awkwardness that can arise from imposing a business relationship on a personal one. [5] X Research source

Navigating the “Red Tape”

• In California, for example, a group home for children must have the written support of the host county (among other requirements) to be eligible for essential reimbursement funding via the AFDC-FC program. [6] X Research source
• Connecticut, as another representative example, has regulations for group homes covering areas ranging from telephone service to clean bathrooms. You are likely to need all the help you can get in navigating through the red tape necessary to start a group home. [7] X Research source

• In California, group homes for children are licensed by the state Department of Social Services (CDSS). [8] X Research source
• In Florida, the Department of Health provides information but not licensing for group homes; that responsibility lies (depending on the nature of the facility) with either the Agency for Health Care Administration or the Department of Children and Families (DCF). [9] X Research source
• In Connecticut, the Department of Developmental Services (formerly the Department of Mental Retardation) handles licensing for group homes for the mentally disabled. [10] X Research source
• State licensing for your facility is likely only the start of the process. You may need to be personally licensed as a Certified Administrator of Group Homes, for instance.

• Start by contacting your local (such as county) department of health, or human services, or social services, or whatever other unit seems most likely to deal with the operation of group homes in your area. Step up to the state and federal levels as warranted.
• Ask lots of questions, and be very patient. Remember why you want to render this valuable service to your community. It can never hurt to solicit guidance from existing group home operators as well.

• Unfortunately but not surprisingly, establishing non-profit status in the U.S. is not a quick and easy process. You need to create a corporate entity by filing Articles of Incorporation with your state, then begin work on the lengthy Form 1023 provided by the IRS, then, if approved, circle back to the state level to ensure your exemption from state taxation. You may find it beneficial to hire an attorney well-versed in this process. [14] X Research source [15] X Research source
• Check to determine whether your state requires insurance coverage for your group home, [16] X Research source but make sure you obtain sufficient insurance covering liability, fire, and theft, among other areas. [17] X Research source

• Completing Form I-9, which verifies an employee’s eligibility to work in the U.S.
• Providing Form W-4, which determines federal tax withholding for each employee.
• Determining your individual state’s requirements regarding new hire reporting, tax reporting, and worker’s compensation insurance.
• Establishing a functional record-keeping operation so you can keep track of your many responsibilities as an employer.

Establishing Your Home

• Familiarize yourself with local zoning regulations, so you know where you can legally establish a group home. Also look into local and state requirements for group home facilities; in Connecticut, for instance, there are specific square footage requirements for resident bedroom sizes. [18] X Research source
• You may face opposition from local residents who are not keen to have a group home in their midst. They will often cite safety concerns, decreased property values, or even traffic and parking problems as reasons for opposition. Even if you have verified your legal right to establish your home, be prepared to explain and defend (in a neighborly manner) the benefits your group home will offer to the community.

• Although based on 1998 figures, the sample budget for a group home serving 8-12 children in Georgia provided at https://www.cga.ct.gov/2003/rpt/2003-R-0169.htm may prove a useful point of reference. Note the estimated expenses of $250,000 per year for a relatively small group home, and the importance the 60% per diem reimbursement rate provided by the state of Georgia after the first year of operation.
• Basically, don’t expect to make big money by operating a group home. Focus on the good work you are doing for those in need.

• Finding people with (positive) experience working in a group home setting is great, of course, but don’t automatically exclude everyone without experience. Consider educational backgrounds and training, as well as temperament and personality traits. Working in a group home setting requires lots of patience, perseverance, and compassion; it takes the right kind of person with the right kind of attitude to succeed.
• At the interview, asking questions like "Can you provide an example of a problem that you successfully solved?" may offer insights into a potential employee's ambition, ingenuity, and work ethic. [19] X Research source Keep in mind that such questions are common, however, and the interviewee may have prepared stock answers already. (An inability to answer effectively is thus a bad sign.) In addition, try to think up a few problem-solving hypotheticals, for instance, that are specific to the group home setting (“How would you deal with a resident that is / says / does …?").

• For example, if you are operating a group home for abused children, it will be essential to your survival as a business that such children “in the system” be located with you.
• Depending upon your location, a legitimate “host letter” (or similar) may be required in order to receive reimbursements. [20] X Research source
• Inquire with the local government authority responsible for group homes regarding the requirements and process for acquiring this document.

• How to Open a Small Business offers a nice range of general advice on the topic, much of which is relevant to the group home experience.
• Advertising is important, even if logo balloons and prize giveaways may not be right for your group home’s grand opening. But, spreading the word about your business through traditional, digital, and social media methods is still valuable. For group homes in particular, making connections with the proper government agencies and community organizations — charitable, religious, educational, and so forth — may be your most vital form of advertising.

Expert Q&A

You Might Also Like

• ↑ http://www.cdss.ca.gov/cdssweb/entres/forms/english/pub223.pdf
• ↑ http://www.peace-university.net/41016.php
• ↑ https://psmag.com/news/is-it-time-to-start-shutting-down-group-homes-for-troubled-children
• ↑ https://www.sba.gov/writing-business-plan
• ↑ http://www.businessnewsdaily.com/1733-small-business-financing-options-.html
• ↑ https://www.cga.ct.gov/2003/rpt/2003-R-0169.htm
• ↑ https://www.floridahealth.gov/environmental-health/group-care/residential-group-care.html
• ↑ http://www.nolo.com/legal-encyclopedia/nonprofit-tax-exempt-status-501c3-30124.html
• ↑ https://www.501c3.org/how-to-start-a-501c3-nonprofit/
• ↑ http://www.entrepreneur.com/article/241524

About This Article

Before you start a group home, analyze your local market to make sure there is a need for a new facility in your area. Then, create a detailed business plan in which you describe your unique service, how you plan to serve the community, and how your business will be operated on a day-to-day business. Take this time to create a budget as well, including finding sources for financing. Keep reading for information on how to navigate red tape on the road to starting your group home. Did this summary help you? Yes No

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Sample Group Home Business Plan

Group home business plan sample.

Setting up an elderly care business requires having the right ideas.

However, it is not enough to have a business idea. It is necessary that while having the business idea you put in place the right strategies for proper implementation of these ideas.

This article focuses on one such necessity for starting an adult group home .

The business plan is invaluable to the success of any business. It is the roadmap of the business where every implementable action is clearly documented and all of it is fully implemented at the stipulated time.

The group home business plan is the focus of this article as we seek to provide the reader with a template with which to write his or her unique group home business plan.

Here is a sample business plan for starting a residential care business for adults with disabilities.

Executive Summary

All Seasons Homes is a group home service that offers comfortable and secure accommodation for people within the society with varying challenges such as disabilities as well as persons in need of temporary shelters.

Our facility is fitted with basic comforts to ensure that our equipment has an acceptable level of decency.

To achieve this, our facility is run by well-experienced professionals with considerable years of service in the nursing care industry.

These bring their professionalism to bear on the job as they handle a variety of cases, with each client treated on a need basis.

Located in the heart of Wichita, Kansas, All Seasons Homes lives up to its name by providing all-year-round services to a variety of clients in a variety of situations.

We are determined as a business to create a strong brand in the provision of group home services and to become a major player in this sector.

In recent years, the demand for group home services has steadily increased.

This may not be unconnected with the decline in affordable housing. Therefore we are coming to the rescue of a growing population left stranded by these conditions.

All Seasons Homes is founded by Clement Hawkins and partner Dora Clayton who is an architect and has worked for over two decades in the housing industry.

He brings his wealth of experience to bear on this new business as his little way of giving back to society. Dora Clayton has worked in the nursing care industry and has a vast understanding of the needs of group home clients.

Mission Statement

Our mission at All Seasons Homes is to establish one of the top group home services known for excellence in the provision of nursing care services as well as decent shelters at very competitive rates.

These services will be offered to the needy such as the elderly as well as children who have some form of disability.

Vision Statement

We are determined and focused on providing exceptional group home services comparable to the best in the industry.

We have a goal of being among the top 5 providers of group home facilities in Kansas within 10 years from the time of commencement of operations.

Starting a group home service requires sufficient funding. To this end, savings to the tune of $150,000.00 has been kept aside by the duo of Clement Hawkins and Dora Clayton.

However, this sum will not be enough as an investment sum of $600,000.00 will be required.

Hence a balance of $450,000.00 will be sourced through loans from reputable banks.

Financial Projections

Every business exists to meet a need and through that to make profits.

Hence while providing affordable and comfortable group home services to our esteemed clients, we intend to structure our services in a way that allows for reasonable profitability.

To this end, we have completed a 3-year profitability forecast. The results obtained from this research have been nothing but impressive.

The current economic climate has been used in this research.

The chart below reveals our findings;

• First Year.               $340,000.00
• Second Year.          $590,000.00
• Third Year.              $900,000.00

Competitive Advantage

To gain a fair share of the market, having a competitive advantage is of utmost importance. To this end, we are providing our clients with better homes which contain basic comforts as well as adequate security.

We will also give due consideration to any problems or concerns raised however insignificant they may seem.

Our workforce will be carefully selected from the very best. We will have a preference for professionals with significant experience in the provision of group home services.

We will also learn from mistakes made by similar businesses to rectify these. All of our services will be fine-tuned towards exceeding our clients’ expectations.

Marketing and Advert Strategies

We will adopt a variety of marketing and advertisement strategies for our business.

These will include the use of electronic and print media options, social media channels such as Facebook, Twitter, and Instagram to spread the word about our services as well as the payment of ad spaces on billboards located in strategic areas.

All of these are intended to make our business more visible to the public to increase our chances of patronage. In addition to these, we will encourage the use of word-of-mouth marketing as a strategy to attract clients.

This is a sample group home business plan which can be used as a guide for writing a comprehensive business plan for your group home business.

It is recommended that after writing your plan, you should ensure the full implementation of its contents, as only this can lead to sustainable growth.

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How to Start a Group Home Business

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A group home offers assisted living to different kinds of people, from the elderly to children to people with mental or physical disabilities.

If you want to start a group home:

• Choose a location. Check your city's zoning requirements [source: Home Business Center ]. Try to get the neighbors on board so you won't have to deal with the, "not in my backyard," phenomenon [source: Encyclopedia of Mental Disorders ].
• Acquire all the necessary permits and licenses.
• Find out the regulations pertaining to group homes, including how many residents you can have, how much staff you'll need, what kind of training the staff needs, what your facility must be equipped with, etc. [source: Schiffer].
• Get first aid and/or CPR certification if necessary.
• Decide whether or not you want to incorporate your business. Incorporate it or file your business name with the county clerk [source: Home Business Center ].
• Register your business as a nonprofit organization .
• Create a business plan. Include a mission statement, your strategies of operation, a breakdown of costs (including mortgage or rent, staff salaries and residents' living expenses) and your plans for funding [source: Schiffer].
• Find sources of financing. You may qualify for funds from the Small Business Administration and other state and federal agencies. You may also want to raise funds from private donors.
• Set up a bank account.
• Get advice from an accountant.
• Get all the necessary insurance for your facility.
• Get all the furnishings and equipment for your group home.
• Hire staff members who are compassionate as well as qualified. You may want to do background checks on potential staff members before hiring them.
• Recruit residents by advertising your facility.

Successful group homes generally have a well-trained staff, a home-like atmosphere and a small staff-to-resident ratio [source: Encyclopedia of Mental Disorders ]. Keep all these things in mind when planning your group home.

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The Essential Checklist for Launching Your Group Home Business

Starting a group home business can be a fulfilling experience that offers both a profitable business opportunity and essential assistance to individuals in need. However, opening and maintaining a group home involves careful planning, following rules, and paying close attention to details. This is where a group home business consultant company can offer you assistance.

In order to guarantee a seamless and prosperous launch, the following crucial checklist will help you navigate the process:

Planning and Research:

Start by researching the group home market in-depth, taking into account regional laws, consumer demand, and competitive analysis. Create a comprehensive business plan that outlines your objectives, target market, services to be provided, and projected financials.

Licensing and Legal Requirements:

Learn about the legal requirements in your area for running a group home. Ensure adherence to state and federal requirements concerning facility standards, staffing ratios, and resident care by obtaining the required licenses and permits.

Location and Facilities:

Select a good location for your group home by considering zoning laws, accessibility, and closeness to facilities. Make sure to assess available properties to meet the space and security needs of occupants, ensuring their suitability.

Staffing and Training:

Employ satisfaction, responsible employees who are dedicated to giving residents outstanding care. Make sure that every employee receives comprehensive training in subjects including behavioral support strategies, medication management, CPR, and first aid.

Financial Planning:

Create a budget that takes prospective income streams, recurring operating expenditures, and early starting costs into consideration. Investigate financing choices including grants, loans, and private investments to obtain the money required to start and run your group home business.

Policies and Procedures:

All elements of group home operations, such as admission requirements, resident rights, emergency procedures, and staff roles, should be clearly outlined in rules and procedures. Ensure that all parties involved are well-informed about these policies and routinely assess their compliance.

Health and Safety Measures:

Put in place strict health and safety protocols to safeguard the welfare of residents and employees. This entails keeping the area tidy and sanitary, checking the building on a regular basis, and quickly eliminating any dangers or hazards.

Networking and Community Engagement:

Establish connections with neighborhood social service providers, medical professionals, and civic associations to encourage partnerships and referrals. To spread the word about your group home and its services, get involved in the community by holding events, educational meetings, and outreach initiatives.

Branding and Marketing: 

Create a marketing plan to promote your group home enterprise and draw prospective tenants and their families. Make use of a variety of offline and online marketing platforms, such as print materials, social media, website creation, and networking events.

Ongoing Assessment and Enhancement:

Maintain a close eye on your group home business’s operations and ask residents, relatives, and staff for comments. Determine areas that require improvement and make the necessary adjustments to provide the best possible care and service.

Starting a group home company involves meticulous preparation, perseverance, and a passion to provide top-notch care. You may create the foundation for a profitable business that lasts and improves the lives of the people you help by adhering to these important criteria.

• Project Managment

How To Write A Business Plan For A Group Home

Introduction.

A group home is a residential facility that provides care and support for a group of people, usually with special needs. Writing a business plan for a group home is an important step in the process of setting up a successful business. A business plan will help you to identify the goals and objectives of your group home, as well as the resources and strategies needed to achieve them. It will also provide a roadmap for the future of your business. In this guide, we will discuss the key elements of a business plan for a group home, and provide tips on how to write a successful business plan.

Step-by-Step Guide to Writing a Business Plan for a Group Home

Step 1: Establish the Purpose of the Group Home

Before you begin writing your business plan, it is important to establish the purpose of the group home. Consider the types of services you plan to offer, the target population, and the goals of the home.

Step 2: Research the Market

Research the market to determine the need for a group home in your area. Consider the demographics of the area, the competition, and the potential for growth.

Step 3: Develop a Business Plan Outline

Create an outline for your business plan. This should include an executive summary, a description of the business, a market analysis, a description of the services offered, a financial plan, and a management plan.

Step 4: Write the Executive Summary

The executive summary should provide an overview of the business plan and should include the purpose of the group home, the services offered, the target population, and the goals of the home.

Step 5: Describe the Business

In this section, provide a detailed description of the group home, including its location, size, and any special features.

Step 6: Conduct a Market Analysis

In this section, provide an analysis of the market for group homes in your area. Include information about the competition, the potential for growth, and any other relevant information.

Step 7: Describe the Services Offered

In this section, provide a detailed description of the services offered by the group home. Include information about the types of services offered, the target population, and any special features.

Step 8: Develop a Financial Plan

In this section, provide a detailed financial plan for the group home. Include information about the start-up costs, operating expenses, and potential sources of revenue.

Step 9: Create a Management Plan

In this section, provide a detailed management plan for the group home. Include information about the roles and responsibilities of staff, the organizational structure, and any other relevant information.

Step 10: Finalize the Business Plan

Once you have completed the business plan, review it for accuracy and completeness. Make any necessary revisions and then submit the plan to potential investors or lenders.

How to Research the Market for a Group Home Business Plan

1. Identify the Target Market: Before beginning the research process, it is important to identify the target market for the group home business plan. Consider the type of clients the group home will serve, such as elderly individuals, individuals with disabilities, or individuals with mental health issues.

2. Research the Local Market: Research the local market to determine the need for a group home in the area. Consider the population size, demographics, and economic conditions of the area. Additionally, research the competition in the area to determine the potential for success.

3. Research the State Regulations: Research the state regulations for group homes to ensure that the business plan meets all legal requirements. Consider the licensing requirements, safety regulations, and other regulations that must be met in order to operate a group home.

4. Research Funding Sources: Research potential funding sources for the group home business plan. Consider government grants, private foundations, and other sources of funding that may be available.

5. Research Potential Partnerships: Research potential partnerships with other organizations that may be beneficial to the group home business plan. Consider partnering with local hospitals, social service agencies, and other organizations that may be able to provide resources or services to the group home.

6. Research Potential Vendors: Research potential vendors that may be able to provide supplies or services to the group home. Consider vendors that specialize in medical supplies, food services, and other services that may be necessary for the group home.

7. Research Potential Staff: Research potential staff members that may be able to provide services to the group home. Consider individuals with experience in social work, nursing, and other fields that may be beneficial to the group home.

By researching the target market, local market, state regulations, funding sources, partnerships, vendors, and staff, it is possible to create a comprehensive business plan for a group home. This research will provide the necessary information to create a successful business plan and ensure that the group home meets all legal requirements.

Understanding the Financials of a Group Home Business Plan

Understanding the financials of a group home business plan is essential for any entrepreneur looking to enter the industry. A group home is a residential facility that provides care and support for individuals with special needs, such as those with physical or mental disabilities, or those who are elderly.

The financials of a group home business plan are the most important aspect of the plan. They provide the foundation for the business and will determine its success or failure. The financials of a group home business plan should include a detailed budget, cash flow projections, and a financial analysis.

The budget should include all of the costs associated with running the group home, such as staff salaries, rent, utilities, and supplies. It should also include any capital investments that will be necessary to get the business up and running.

The cash flow projections should include estimates of the income and expenses associated with the group home. This will help the entrepreneur to determine if the business is viable and if it can generate enough revenue to cover its expenses.

The financial analysis should include an analysis of the group home’s financial performance over time. This will help the entrepreneur to identify any potential problems or opportunities that may arise in the future.

By understanding the financials of a group home business plan, entrepreneurs can make informed decisions about their business and ensure that it is successful. It is important to remember that the financials of a group home business plan are only one part of the overall business plan. Other important aspects include marketing, operations, and customer service.

Crafting a Mission Statement for a Group Home Business Plan

Our mission at [Group Home Business Name] is to provide a safe, supportive, and nurturing environment for individuals in need of residential care. We strive to create a home-like atmosphere that encourages independence, self-esteem, and personal growth. We are committed to providing quality care and services that meet the individual needs of our residents, while promoting their physical, emotional, and social well-being. We are dedicated to providing a safe and secure environment that is free from discrimination and abuse. We are committed to providing a positive and enriching experience for our residents, their families, and our staff.

Developing a Strategic Plan for a Group Home Business Plan

Executive Summary

This strategic plan outlines the vision, mission, and objectives of [Group Home Business], a group home business that provides residential care and support services to individuals with disabilities. The plan also outlines the strategies and tactics that will be used to achieve the desired outcomes. The plan is designed to ensure that the business is able to meet the needs of its clients and to ensure that it is able to remain competitive in the market.

Our vision is to be the premier provider of residential care and support services for individuals with disabilities in our region. We strive to provide a safe and supportive environment that allows our clients to reach their full potential.

Our mission is to provide quality residential care and support services to individuals with disabilities in our region. We strive to create an environment that is safe, supportive, and empowering for our clients. We are committed to providing the highest level of care and support to our clients and their families.

1. Increase the number of clients served by [Group Home Business] by 10% in the next year.

2. Increase the number of staff members employed by [Group Home Business] by 5% in the next year.

3. Increase the number of referrals received by [Group Home Business] by 15% in the next year.

4. Increase the number of community partnerships established by [Group Home Business] by 10% in the next year.

5. Increase the number of fundraising events held by [Group Home Business] by 20% in the next year.

1. Increase marketing efforts to reach potential clients and referral sources.

2. Develop and implement a comprehensive training program for staff members.

3. Establish partnerships with local organizations and businesses to increase referrals.

4. Develop and implement a comprehensive fundraising plan.

5. Develop and implement a comprehensive quality assurance program.

1. Develop and implement a comprehensive marketing plan.

This strategic plan outlines the vision, mission, objectives, strategies, and tactics that will be used to ensure the success of [Group Home Business]. The plan is designed to ensure that the business is able to meet the needs of its clients and to ensure that it is able to remain competitive in the market. With the implementation of this plan, [Group Home Business] will be well-positioned to achieve its goals and objectives.

Tips for Writing a Winning Group Home Business Plan

1. Start with an Executive Summary: Provide a brief overview of your group home business plan, including the purpose of the plan, the services you will provide, and the expected outcomes.

2. Describe Your Business: Provide a detailed description of your group home business, including the services you will offer, the target market, and the competitive advantages you have.

3. Outline Your Financial Plan: Include a detailed financial plan that outlines the costs associated with starting and running your group home business, as well as the expected revenue and profits.

4. Develop a Marketing Plan: Create a comprehensive marketing plan that outlines how you will reach your target market and promote your services.

5. Create an Operational Plan: Develop an operational plan that outlines the day-to-day operations of your group home business, including staffing, scheduling, and budgeting.

6. Include a Risk Management Plan: Develop a risk management plan that outlines the potential risks associated with running a group home business and how you will mitigate them.

7. Develop a Contingency Plan: Create a contingency plan that outlines how you will respond to unexpected events or changes in the market.

8. Include an Exit Strategy: Develop an exit strategy that outlines how you will transition out of the business if necessary.

9. Proofread and Edit: Carefully proofread and edit your business plan to ensure that it is free of errors and clearly communicates your message.

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III. Industry Analysis

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

The group home industry is expected to grow robustly over the next five years. There are 9,623 group homes in the US with a market size of $8 billion. The group homes industry in the US is the 31st highest ranked Healthcare and Social Assistance industry by market size.

The primary positive factors affecting this industry are low competition and low revenue volatility. Federal funding for Medicare and Medicaid is expected to increase, representing a potential opportunity for this industry. Medicaid is a significant source of funding for children and adults with disabilities who live in long-term residential care facilities. When federal funding for these programs rises, industry revenue is positively affected. In addition, the continued growth of the aging population and people with one form of disability or the other has stimulated demand for industry services.

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Group Home Business Plan Home I. Executive Summary II. Company Overview III. Industry Analysis IV. Customer Analysis V. Competitive Analysis VI. Marketing Plan VII. Operations Plan VIII. Management Team IX. Financial Plan

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The Czech-born Jagr, 36, a right wing who has topped rosters for the Pittsburgh Penguins, the Washington Capitals, and the New York Rangers since 1990, is now playing for Avangard Omsk , of the new Continental Hockey League, in Omsk, Siberia.

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Starting a Group Home Business: How to Research the Market & Set Up Your Services

By Happy Sharer

Introduction

A group home business is a business that provides housing and care services to people who need assistance with day-to-day activities. These businesses can be found in many different industries, such as senior care, disabled care, post-acute care, and more. This article will explore the steps required to start a successful group home business.

Research the Local Market

The first step in starting a group home business is to research the local market. This involves identifying the needs of the area, considering the demographics of the population, and analyzing the competition. By understanding the local market, you can determine the best way to position your business.

Start by identifying the needs in the area. What types of services does the local population need? Are there any gaps in the services already offered? Understanding the needs of the community will help you decide which services to offer and how to stand out from the competition.

Next, consider the demographics of the population. Who are the potential customers for your group home business? Knowing your target audience will help you tailor your services to meet their needs.

Finally, analyze the competition. What services do other group home businesses in the area offer? How can you differentiate your business from theirs? By understanding what your competitors are doing, you can create a unique offering that will appeal to customers.

Develop a Business Plan

Once you have researched the local market, you should develop a business plan. This plan should include goals and objectives, strategies, and a timeline for achieving them. It is also a good idea to consult with experts who can provide advice and guidance on setting up a successful group home business.

Begin by setting goals and objectives. What do you want to achieve with your group home business? Establishing clear goals and objectives will help you focus your efforts and stay on track.

Next, outline strategies for achieving your goals. How will you market your services? What types of services will you offer? Developing a comprehensive strategy will help ensure your success.

Finally, consult with experts. Seek advice from experienced professionals who can provide insight and guidance on setting up a successful group home business. They can also help you with any legal or financial matters that may arise.

Establish Your Group Home

Once you have developed a business plan, it is time to establish your group home. This involves obtaining licenses and permits, completing paperwork, and ensuring safety regulations are followed. It is important to follow all applicable laws and regulations when setting up your group home.

Start by obtaining the necessary licenses and permits. Depending on the type of business you are running, you may need to obtain a license from the state or local authorities. Additionally, you may need to obtain a permit from the local fire department or other government agency.

Next, complete any necessary paperwork. This includes filing the appropriate forms with the state and local governments, as well as registering your business with the IRS. You may also need to obtain liability insurance to protect yourself and your business.

Finally, ensure that all safety regulations are followed. This includes conducting regular inspections of the premises, implementing safety protocols, and training staff on proper safety procedures. Adhering to safety regulations is essential for running a successful group home business.

Promote Your Services

Once your group home is established, you need to promote your services. This involves utilizing various marketing channels, considering an online presence, and utilizing word-of-mouth advertising. By effectively promoting your services, you can attract new customers and grow your business.

Start by utilizing various marketing channels. This includes traditional methods such as print and radio advertisements, as well as newer methods such as social media and email campaigns. Consider which channels are most effective for reaching your target audience and use them to promote your services.

Next, consider creating an online presence. This could include a website, blog, or social media accounts. An online presence can help you reach a wider audience and build a relationship with potential customers.

Finally, utilize word-of-mouth advertising. Ask satisfied customers to spread the word about your services. Word-of-mouth advertising is one of the most effective ways to promote your business.

Starting a group home business requires researching the local market, developing a business plan, obtaining licenses and permits, and promoting your services. By following these steps, you can create a successful group home business that meets the needs of the local population.

In conclusion, starting a group home business is a complex process. It requires careful planning, research, and dedication. But with the right approach, you can create a successful business that serves the needs of the community.

(Note: Is this article not meeting your expectations? Do you have knowledge or insights to share? Unlock new opportunities and expand your reach by joining our authors team. Click Registration to join us and share your expertise with our readers.)

Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. I have a passion for learning and enjoy explaining complex concepts in a simple way.

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Press Release Details

Performance food group company announces agreement to acquire cheney bros, inc..

• High quality broadline foodservice distribution business in the attractive Southeastern U.S. with approximately $3.2 billion in annual net sales
• Acquisition would expand PFG’s penetration and reach from state-of-the-art facilities with excess capacity for further growth in the key states of Florida, Georgia, North Carolina and South Carolina
• Expected to generate approximately $50 million of net annual run-rate cost synergies by the third full fiscal year after close
• The purchase price represents an Adjusted EBITDA multiple of 9.9x, including $50 million of run-rate synergies
• Transaction is anticipated to be accretive to Adjusted Diluted EPS by the end of the first full fiscal year, including year 1 synergies

RICHMOND, Va.--(BUSINESS WIRE)-- Performance Food Group Company (PFG) (NYSE:PFGC) today announced that it has entered into a definitive agreement with Cheney Bros., Inc. (“Cheney Brothers”), a leading independent broadline foodservice distributor based in Riviera Beach, Florida and owned by the Cheney family and Clayton Dubilier & Rice (“CD&R”), pursuant to which PFG will acquire Cheney Brothers for $2.1 billion in cash. The acquisition will create a stronger presence in the Southeast region and provide additional distribution capacity. Cheney Brothers generates approximately $3.2 billion in annual revenue.

“Cheney Brothers will be an outstanding addition to our Foodservice segment, and we are excited to welcome their many talented associates to the PFG family of companies”, said George Holm, PFG Chairman & CEO. “This acquisition will expand and enhance our offerings to a high-quality and diverse customer base. We have long admired the success of Cheney Brothers in the Southeastern U.S. and believe that the combination of our organizations will push the business to new heights. We are excited for what the future holds for the newest addition to PFG.”

“On behalf of the 3,600 Cheney Brothers associates, allow me to express our excitement at the prospect of being part of PFG’s organization”, said Byron Russell, Cheney Brothers’ CEO. “I have watched PFG grow into one of the country’s largest foodservice distributors by fostering new business relationships and maintaining a strong company culture. I believe this transaction will bring together two winning organizations and create a significant platform for growth. Together, the companies will build upon each other’s strengths and achieve outstanding success in the years ahead.”

Compelling Strategic and Financial Benefits

• Expands Geographic Reach: The addition of Cheney Brothers’ distribution footprint in key geographies enhances PFG’s existing distribution platform and overall density. With the transaction, PFG will add an additional five state-of-the-art broadline distribution facilities with excess capacity for further growth across four Southeastern states.
• Complementary Customer-Centric Operating Models: Consistent go-to-market approaches and selling cultures are focused on customer success. Cheney Brothers provides food & foodservice to a diverse range of customers including independent restaurants, restaurant chains, hotels, country clubs, institutional groups and other foodservice operators.
• Compelling Private Brand Opportunity: Cheney Brothers has a high mix of sales to independent restaurants but a low mix of private brand penetration to independent restaurants. PFG has a meaningful opportunity to expand the sale of private brands to Cheney Brothers independent restaurant customers by leveraging PFG’s broad portfolio of private brands.
• Sizable Synergy Opportunities : PFG expects to achieve approximately $50 million of annual run-rate synergies by the third full fiscal year following closing. Identified cost synergies are primarily in the areas of procurement, operations and logistics and are expected to be achieved within the first three full fiscal years.
• Compelling Financial Impact : The transaction is expected to be accretive to PFG’s Foodservice and total company top-line revenue growth rate and adjusted EBITDA margins. Furthermore, the transaction is anticipated to be accretive to Adjusted Diluted EPS by the end of the first full fiscal year, including year 1 synergies.
• Attractive Valuation : The purchase price reflects a multiple of 13.0x to Cheney Brothers’ unaudited Trailing 12 month Adjusted EBITDA. Including the expected $50 million of run rate synergies, the purchase price reflects a 9.9x multiple.

Transaction Financing

The $2.1 billion purchase price is expected to be financed with borrowing on the company’s ABL facility and new Senior Unsecured Notes.

Transaction Approvals

The transaction, which has been approved by the Board of Directors of PFG, is subject to U.S. federal antitrust clearance and other customary closing conditions and is expected to close in calendar 2025. The transaction is not subject to PFG shareholder approval.

J.P. Morgan acted as the financial advisor to PFG. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to PFG. Morgan Stanley & Co. LLC acted as financial advisor and Davis Polk & Wardwell LLP acted as legal counsel to Cheney Brothers.

About Performance Food Group Company

Performance Food Group is an industry leader and one of the largest food and foodservice distribution companies in North America with more than 150 locations. Founded and headquartered in Richmond, Virginia, PFG and our family of companies market and deliver quality food and related products to over 300,000 locations including independent and chain restaurants; businesses, schools and healthcare facilities; vending and office coffee service distributors; and big box retailers, theaters and convenience stores. PFG’s success as a Fortune 100 company is achieved through approximately 37,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities we serve. To learn more about PFG, including how you can join our team, visit pfgc.com .

About Cheney Bros, Inc.

Cheney Brothers is one of the leading foodservice distributors in the Southeast, with annual sales of more than $3 billion. Florida-born, family-owned and operated since 1925, the business has grown to world-wide distribution with over 1.5-million-square feet of distribution space. Insisting upon top-quality products from nationally recognized manufacturers, Cheney Brothers’ broad inventory consists of more than 65,000 stocked items, from gourmet to everyday. For additional information, please visit https://www.cheneybrothers.com/ .

About CD&R

Founded in 1978, CD&R is a leading private investment firm with a strategy of generating strong investment returns by building more robust and sustainable businesses through the combination of skilled investment experience and deep operating capabilities. In partnership with the management teams of its portfolio companies, CD&R takes a long-term view of value creation and emphasizes positive stewardship and impact. The firm invests in businesses that span a broad range of industries, including industrial, healthcare, consumer, technology and financial services end markets. CD&R is privately owned by its partners and has offices in New York and London. For more information, please visit www.cdr-inc.com and follow the firm’s activities through LinkedIn and @CDRBuilds on X/Twitter.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “ Securities Act ”) and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, completion and subsequent integration of our proposed acquisition of Cheney Bros., Inc. (the “ Cheney Brothers Transaction ”) and other nonhistorical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words.

Such forward-looking statements are subject to various risks and uncertainties. The following factors, in addition to those discussed under the section entitled Item 1A Risk Factors in PFG’s Annual Report on Form 10-K for the fiscal year ended July 1, 2023 filed with the Securities and Exchange Commission (the “ SEC ”) on August 16, 2023 and PFG’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 30, 2024 filed with the SEC on May 8, 2024, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov , could cause actual future results to differ materially from those expressed in any forward-looking statements:

• economic factors, including inflation or other adverse changes such as a downturn in economic conditions or a public health crisis, negatively affecting consumer confidence and discretionary spending;
• our reliance on third-party suppliers;
• labor relations and cost risks and availability of qualified labor;
• costs and risks associated with a potential cybersecurity incident or other technology disruption;
• our reliance on technology and risks associated with disruption or delay in implementation of new technology;
• competition in our industry is intense, and we may not be able to compete successfully;
• we operate in a low margin industry, which could increase the volatility of our results of operations;
• we may not realize anticipated benefits from our operating cost reduction and productivity improvement efforts;
• our profitability is directly affected by cost inflation and deflation and other factors;
• we do not have long-term contracts with certain of our customers;
• group purchasing organizations may become more active in our industry and increase their efforts to add our customers as members of these organizations;
• changes in eating habits of consumers;
• extreme weather conditions, including hurricane, earthquake and natural disaster damage;
• volatility of fuel and other transportation costs;
• our inability to adjust cost structure where one or more of our competitors successfully implement lower costs;
• our inability to increase our sales in the highest margin portion of our business;
• changes in pricing practices of our suppliers;
• our growth strategy may not achieve the anticipated results;
• risks relating to acquisitions, including the risks that we are not able to realize benefits of acquisitions or successfully integrate the businesses we acquire;
• environmental, health, and safety costs, including compliance with current and future environmental laws and regulations relating to carbon emissions and climate change and related legal or market measures;
• our inability to comply with requirements imposed by applicable law or government regulations, including increased regulation of electronic cigarette and other alternative nicotine products;
• a portion of our sales volume is dependent upon the distribution of cigarettes and other tobacco products, sales of which are generally declining;
• the potential impact of product recalls and product liability claims relating to the products we distribute and other litigation;
• adverse judgments or settlements or unexpected outcomes in legal proceedings;
• negative media exposure and other events that damage our reputation;
• decrease in earnings from amortization charges associated with acquisitions;
• impact of uncollectibility of accounts receivable;
• increase in excise taxes or reduction in credit terms by taxing jurisdictions;
• the cost and adequacy of insurance coverage and increases in the number or severity of insurance and claims expenses;
• risks relating to our substantial outstanding indebtedness, including the impact of interest rate increases on our variable rate debt;
• our ability to raise additional capital on commercially reasonable terms or at all; and
• the following risks related to the Cheney Brothers Transaction:
• the risk that U.S. federal antitrust clearance or other approvals required for the Cheney Brothers Transaction may be delayed or not obtained or are obtained subject to conditions (including divestitures) that are not anticipated that could require the exertion of our management’s time and our resources or otherwise have an adverse effect on us;
• the risk that we could owe a $115.2 million termination fee to Cheney Brothers under certain circumstances relating to a failure to obtain U.S. federal antitrust clearance or any other required antitrust or competition approvals;
• the possibility that certain conditions to the consummation of the Cheney Brothers Transaction will not be satisfied or completed on a timely basis and accordingly the Cheney Brothers Transaction may not be consummated on a timely basis or at all;
• uncertainty as to the expected financial performance of the combined company following completion of the Cheney Brothers Transaction;
• the possibility that the expected synergies and value creation from the Cheney Brothers Transaction will not be realized or will not be realized within the expected time period;
• the exertion of our management’s time and our resources, and other expenses incurred and business changes required, in connection with complying with the undertakings in connection with U.S. federal antitrust clearance or other third party consents or approvals for the Cheney Brothers Transaction;
• the risk that unexpected costs will be incurred in connection with the completion and/or integration of the Cheney Brothers Transaction or that the integration of Cheney Brothers’ foodservice business will be more difficult or time consuming than expected;
• the availability of debt financing for the Cheney Brothers Transaction;
• a downgrade of the credit rating of our indebtedness, which could give rise to an obligation to redeem existing indebtedness;
• unexpected costs, charges or expenses resulting from the Cheney Brothers Transaction;
• the inability to retain key personnel;
• disruption from the announcement, pendency and/or completion of the Cheney Brothers Transaction, including potential adverse reactions or changes to business relationships with customers, employees, suppliers, other business partners or regulators, making it more difficult to maintain business and operational relationships; and
• the risk that, following the Cheney Brothers Transaction, the combined company may not be able to effectively manage its expanded operations.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our filings with the SEC. Any forward-looking statement, including any contained herein, speaks only as of the time of this release or as of the date they were made and we do not undertake to update or revise them as more information becomes available or to disclose any facts, events, or circumstances after the date of this release or our statement, as applicable, that may affect the accuracy of any forward-looking statement, except as required by law.

Statement Regarding Non-GAAP Financial Measures

This release includes financial measures that are not calculated in accordance with GAAP, including Adjusted EBITDA and Adjusted Diluted EPS. Such measures are not recognized terms under GAAP, should not be considered in isolation or as a substitute for net income or diluted EPS prepared in accordance with GAAP, and are not indicative of amounts as determined under GAAP. Adjusted EBITDA, Adjusted Diluted EPS, and other non-GAAP financial measures have limitations that should be considered before using these measures to evaluate PFG’s financial performance. Adjusted EBITDA and Adjusted Diluted EPS, as presented, may not be comparable to similarly titled measures of other companies because of varying methods of calculation.

Management uses Adjusted EBITDA, defined as net income before interest expense, interest income, income and franchise taxes, and depreciation and amortization, further adjusted to exclude certain items we do not consider part of our core operating results. Such adjustments include certain unusual, non-cash, non-recurring, cost reduction, and other adjustment items permitted in calculating covenant compliance under PFG’s credit agreement and indenture (other than certain pro forma adjustments permitted under our credit agreement and indenture relating to the Adjusted EBITDA contribution of acquired entities or businesses prior to the acquisition date). Under PFG’s credit agreement and indenture, the company’s ability to engage in certain activities such as incurring certain additional indebtedness, making certain investments, and making restricted payments is tied to ratios based on Adjusted EBITDA (as defined in the credit agreement and indenture).

Management also uses Adjusted Diluted EPS, which is calculated by adjusting the most directly comparable GAAP financial measure by excluding the same items excluded in PFG’s calculation of Adjusted EBITDA, as well as amortization of intangible assets, to the extent that each such item was included in the applicable GAAP financial measure. For business combinations, PFG generally allocates a portion of the purchase price to intangible assets and such intangible assets contribute to revenue generation. The amount of the allocation is based on estimates and assumptions made by management and is subject to amortization over the useful lives of the intangible assets. The amount of the purchase price from an acquisition allocated to intangible assets and the term of its related amortization can vary significantly and are unique to each acquisition, and thus PFG does not believe it is reflective of ongoing operations. Intangible asset amortization excluded from Adjusted Diluted EPS represents the entire amount recorded within PFG’s GAAP financial statements; whereas, the revenue generated by the associated intangible assets has not been excluded from Adjusted Diluted EPS. Intangible asset amortization is excluded from Adjusted Diluted EPS because the amortization, unlike the related revenue, is not affected by operations of any particular period unless an intangible asset becomes impaired, or the estimated useful life of an intangible asset is revised.

PFG believes that the presentation of Adjusted EBITDA and Adjusted Diluted EPS is useful to investors because these metrics provide insight into underlying business trends and year-over-year results and are frequently used by securities analysts, investors, and other interested parties in their evaluation of the operating performance of companies in PFG’s industry.

Investors: Bill Marshall VP, Investor Relations (804) 287-8108 [email protected]

Media: Scott Golden Director, Communications & Engagement (804) 484-7999 [email protected]

Investor Contact

KATIE TURNER Partner, ICR [email protected]

Bill Marshall, CFA Vice President, Investor Relations [email protected]

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Email Alert Sign Up Confirmation Performance Food Group 12500 West Creek Parkway Richmond, VA 23238 (804) 484-7700 Our locations Media Scott Golden Director, External Communications & Engagement [email protected] Additional Inquiries Contact us Performance Foodservice Pfg customized Our divisions Terms of Use  |  Privacy Policy  |  Supplier Terms & Conditions  |  Contact Us  |  © Copyright Performance Food Group Realting.com Omsk Oblast Residential Houses for sale in Omsk Oblast, Russia Similar properties in the surrounding area. Properties features in Omsk Oblast, Russia Harris to propose an economic plan that includes giving some first-time homebuyers up to $25k in down-payment support The Harris-Walz campaign is scheduled to announce a proposal for major assistance for first-time homebuyers. The campaign is proposing that some first-time homebuyers could get up to $25,000 in down-payment assistance. Harris is set to announce her housing proposals when she unveils her economic agenda. Vice President Kamala Harris ' economic agenda is set to include a provision for first-time and first-generation home-buyers. Harris is scheduled to announce her policy plans at a Friday rally in North Carolina, which include a proposal to give some first-time homebuyers up to $25,000 in down payment support, according to a campaign official. The Harris-Walz proposal would provide assistance to working families who have paid their rent on time for at least two years and are looking to buy their first house. First-generation homeowners who fit the bill would be eligible for even more support. "Many Americans work hard at their jobs, save, and pay their rent on time month after month. But they can't save enough after paying their rent and other bills to save for a down payment — denying them a shot at owning a home and building wealth," the campaign said in a preview statement obtained by Business Insider. The campaign estimates that the proposal would allow more than one million first-time homebuyers, including first-generation buyers, to purchase a home each year. Former President Donald Trump addressed parts of his housing plan during recent campaign events, promising to open up swaths of federal land for housing construction. Related stories Harris is also expected to announce a proposal to end the housing crisis by building three million new units, offering tax incentives to homebuilders who prioritize "starter homes" intended for first-time homebuyers, and creating a $40 billion innovation fund to encourage local governments to build housing, according to the campaign. The Harris economic agenda also includes assistance for renters, including expanded rental assistance for struggling Americans and the removal of tax benefits for Wall Street investors and corporate landlords, according to the campaign. Several of the Harris housing policies expand on similar plans President Joe Biden's administration sought to achieve in recent years, including rent caps and assistance for first-time homebuyers . The Friday rally comes at a key moment in the race as Harris picks up steam in the polls , particularly regarding the economy — an area in which Democrats have historically struggled. Main content Advertisement An indiana community is fighting to save a golf course as developers plan 600 homes, share this article. CAMBY, Indiana — When Kari Mann sits on her porch in the evening, looking out at the golf course that sits across the street, she finds a sense of peace. Over the course of an hour, only one or two cars passes by. The golf course, The Links at Heartland Crossing, has long drawn families like Mann’s to the Heartland Crossing neighborhood, a massive 2,500-home development that took shape almost three decades ago. Many kids who live in Heartland Crossing received their first paychecks from part-time work at the golf course, and the Mooresville high school golf team practices on the green. But a petition to rezone the golf course to residential use could soon change the neighborhood dramatically. Heartland Crossing sits 16 miles southwest of downtown Indianapolis in Camby, Indiana, a town at the intersection of Marion, Morgan and Hendricks counties. The community is separated into roughly a dozen subsections, with each area home to different style of residences, from starter homes to ranch-style senior living houses. Construction on the newest section finished earlier this year. In recent years, uncertainty has lingered over the future of the golf course, as numerous developers have approached the current owner, Ron Overton, seeing a large piece of land ripe for development. Overton, 72, bought the golf course in 2018 after a career in manufacturing. It’s the only golf course he owns. Over the past three years, none of the offers to buy the course materialized into solid enough plans to reach the Morgan County Advisory Plan Commission, which must approve any potential rezoning. Then in June, Indianapolis-based Gradison Land Development submitted a proposal to rezone the land for residential use before they would buy the land for redevelopment. It’s the first time a rezoning petition for the land was submitted to the county. More: Golfweek’s Best public-access and private golf courses in Indiana, ranked Heartland Crossing residents quickly banded together against the petition. Their top concerns include the density of the proposed development. In a rough plan submitted to the county and provided to Heartland Crossing residents, developers envision building 600 homes on the 200-acre golf course. On the street where Mann lives, roughly five houses would occupy the same space as Mann’s property on the opposite side, according to the proposal. “We can’t be complacent,” Mann said. “This is not how it should be done.” The Links at the Heartland Crossing golf course. (Courtesy photo) Should development replace green space? The possibility of rezoning the land has ignited a longstanding debate between developers and homeowners near potential redevelopment: Should residential development replace a neighborhood’s existing green space? Heartland Crossing resident Brian Wiser said the nearby homeowners recognize the need for growth in Morgan County, particularly along the corridor along Indiana State Road 67. But, Wiser said, the group questioning the golf course sale wants more thought put into how dense any development there should be. “We aren’t an anti-growth community. We are a controlled growth community,” Wiser said. “It’s not just about saving a golf course. It’s about not losing green space and not overdoing density.” Gradison Land Development did not respond to messages requesting comment. The rezoning petition will go before the commission on Sept. 9, after multiple continuances pushed it back from a July meeting. Residents say they are prepared to show up to fight the rezoning. Overton told IndyStar he would consider selling for redevelopment if a developer receives the proper approval from Morgan County, even if that means the golf course goes with it. “It’s up to the zoning board,” Overton said. “Someone’s going to look at it and say, ‘What’s the best use of this property.'” Morgan County Plan Commission officials did not respond to IndyStar requests for comment. Golf course represents a costly business The Links at Heartland Crossing opened in 1998 and were designed by Steve Smyers, a well-known golf architect who also designed the former Wolf Run Golf Course in Zionsville. Developers attempted to convert that golf course into residential homes in 2017, but the town of Zionsville rejected the plan, electing to preserve the open space that would later become the Carpenter Nature Preserve. During the late 1990s and early 2000s, there was a boom in new golf courses around Indiana, with many of those courses built adjacent to residential communities similar to The Links, said Mike David, executive director of the state’s golf association, Indiana Golf. The Links became known for its course difficulty and layout, David said, drawing in competitive golfers from around the city and once hosting the state’s highest tournament, the PGA Indiana Open Championship. Due to an abundant supply of golf courses and a lower demand to play, Indiana golfers lost several courses in the early 2000s, David said, but a resurgence of golf during the pandemic brought an increased demand for the sport, as people sought out safe, distanced sports to play. Still, even with the resurgence of golf during the COVID-19 pandemic, the cost of keeping up a golf course has increased markedly. Overton said he routinely golfed at The Links once or twice a week when the previous owners approached him in 2018 and asked if he was interested in purchasing the business. The condition of the course was deteriorating, he said, and he agreed to buy the business, thinking he could turn the course around. However, the cost of upkeep proved more costly than he had realized. He estimates it costs $600,000 annually just to maintain the grounds of Heartland Crossing, and the total cost of operations comes in at nearly $1 million. Overton declined to say how much he bought the course for in 2018. Around 2021, three years after he acquired the property, Overton said he began receiving unsolicited offers from developers. Spanning 200 acres, The Links is larger in size than the average 18-hole golf course, which covers roughly 150 acres, Overton said. Due to its large size, it would be possible to develop houses around the green, while keeping the course open. A development company approached Overton with a plan to do so, but the proposal fell through due to rising interest rates and inflation before it got very far. During that same time period, Overton attempted to find another buyer who would buy the land and maintain the golf course to no avail. Under the current petition, the golf course would be completely bulldozed to make room for houses. Overton said he understands why homeowners are upset about the possibility of losing the golf course. But regardless of the outcome of next month’s rezoning petition, he is looking to sell the property. “It’s a business with very thin margins,” Overton said. “At times it’s a fun business, but as a business owner you are trying to be profitable and hire people in the community. That’s just the reality.” Alysa Guffey covers commercial real estate and growth and development for IndyStar. Contact her at [email protected] or on Twitter/X: @AlysaGuffeyNews. Most Popular Top 50 is set: who's in, who's out for 2024 bmw championship, see the full field of 50 golfers advancing to the 2024 bmw championship at castle pines, 2024 liv golf greenbrier prize money payouts for each player and team, 2024 fedex st. jude championship prize money payouts for each pga tour player at tpc southwind, the complete list of lpga hall of fame members, which is surprisingly short, 2024 isps handa women's scottish open prize money payouts, survivor memphis: who's in, who's out of the fedex cup playoffs with 18 holes to go at the fedex st. jude championship. Transactions: Pennant Completes Largest Transaction To Date; Aging Advocates Acquires Senior Home Care Solutions This article is a part of your HHCN+ Membership Pennant completes acquisition of signature assets. The Pennant Group (Nasdaq: PNTG) has completed its acquisition of Signature Healthcare at Home’s Washington and Idaho assets. With an $80 million purchase price, the transaction was the largest in Pennant history. The deal was first announced in early July , and is just one of many deals Pennant has recently executed on. “This period of expansion provides insight into our potential as a provider of choice in our local communities, a best-in-class operator across our industries and a disciplined – yet bold – growth company with the sophistication and adaptability to become a key solution in the health care continuum,” Pennant Group CEO Brent Guerisoli said on the company’s second-quarter earnings call. “Since the beginning of the year, we have entered into the Muir Home Health joint venture; closed an additional two home health and two hospice transactions; initiated a management agreement with Hartford HealthCare; announced the largest acquisition in our history with the Signature transaction; and completed three senior living deals.” Based in Eagle, Idaho, Pennant is a holding company with independent operating subsidiaries that provide health care services through 117 home health and hospice agencies and 54 senior living communities across 13 states. Pennant had previously acquired other Signature assets in 2020 . The transaction allows Pennant to expand further in the Pacific Northwest, where it already has a strong footprint. It also allows it to expand its home health footprint in Certificate of Need (CON) states. Aging Advocates CNY acquires Senior Home Care Solutions The care management practice Aging Advocates CNY announced in late July that it had agreed to acquire Senior Home Care Solutions. The deal goes into effect on Jan. 1, 2025. Based in New York, Senior Home Care Solutions is a non-medical home care provider led by Sheila Ohstrom, who will stay on as a consultant post-acquisition. “This is an exciting time for both organizations and the Central New York area,” Ohstrom said in a statement. “By combining our strengths, we can better serve our clients and help more seniors remain in the safety and security of their own homes for as long as possible.” As part of the deal, Aging Advocates will gain 60 employees from Senior Home Care Solutions, including caregivers and an office management team. “This acquisition aligns with our mission to promote dignity and independence for our clients while providing peace of mind for their families,” Aging Advocates founder and CEO Melissa Murphy said in a statement. “We have a great working relationship with Senior Home Care Solutions and deeply respect their service to the community. As our population ages, it’s crucial to maintain quality in-home care providers in Central New York.” Cardiovascular Associates of America acquires home-based care company Earlier this month, Cardiovascular Associates of America (CVAUSA) announced the acquisition of Novolink Health, which provides care services to complex patients in the home. Recommended HHCN+ Exclusives Based in Orlando, CVAUSA is a physician-centered cardiology company with a mission of “saving lives, reducing costs and improving patient care through clinical innovation.” The Fort Lauderdale, Florida-based Novolink, meanwhile, aims to fill care gaps between the hospital and home. As a division of CVAUSA, it will “offer a proven alternative to traditional hospital-based care,” according to a press release. “Our mission has always been to provide exceptional and personalized care to our patients. Joining CVAUSA, one of the largest US cardiology networks, allows us to leverage the extensive resources and reach in our journey to revolutionize healthcare delivery,” Novolink President and Chief Medical Officer Michael Shen said in a statement. “We are very excited to work closely with Tim and the CVAUSA family to bring our innovative model to more communities and improve the quality of care for all patients in the comfort of their homes.” Prior to the COVID-19 pandemic, Novolink developed a “high-risk care at home” model, which piqued CVAUSA’s interest in the company. “I have known Dr. Shen since 2005. He’s an excellent cardiologist and is always experimenting and exploring ways to provide better and lower-cost care,” CVAUSA CEO Tim Attebery said in a statement. “Years before the term ‘hospital at home’ was coined, Dr. Shen realized that remote monitoring technology and home-based diagnostic services could create an Amazon-type solution, allowing certain high-risk patients to receive high-quality and safe care at home instead of being in a hospital or skilled care facility.” Adena Health and AHSN form home health, hospice JV The Ohio-based health system Adena Health has agreed to form a home health and hospice venture with Alternate Solutions Health Network (ASHN). The JV will be branded as Adena Home Health and Hospice, and will focus on caring for seriously and terminally ill patients in South Central and Southern Ohio. “This is an exciting and significant step forward in our home health and hospice care delivery,” Adena Chief Clinical Officer Dr. Shaheed Koury said in a statement. “Building on our long-standing commitment to providing compassionate, patient-centered care to our communities and leveraging the breadth and experience of Alternate Solutions Health Network, our caregivers will be well-positioned to offer patients even more convenient and personalized care options.” ASHN provides home health and hospice care primarily through partnerships. It has partnerships with more than 40 health systems and more than 90 home health and hospice providers. Spectrum Brands plan to spin off home health, personal care business In early July, Spectrum Brands Holdings (NYSE: SPB) – a “home essentials” company – announced that it had filed a confidential Form 10 registration with the U.S. Securities and Exchange Commission (SEC) to spin off its home care business. “As previously announced, Spectrum Brands has accelerated its efforts to separate its HPC business from its remaining businesses through a spin-off, sale, merger or other strategic transaction,” the company wrote in a statement. “The filing of the confidential Form 10 registration statement with the SEC represents an important step forward in this process. The filing of the Form 10 registration statement does not obligate Spectrum Brands to complete the spin-off or engage in any other transaction.” Companies featured in this article: Adena Health , Aging Advocates CNY , Alternate Solutions Health Network , Cardiovascular Associates of America , Spectrum Brands , The Pennant Group Andrew Donlan Before becoming a reporter, and then editor, for HHCN, Andrew received journalism degrees from the University of Iowa and Northwestern University. When he's not writing about health care, he makes himself miserable by indulging in Chicago sports. 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Writing by Rachel More, Editing by Friederike Heine Our Standards: The Thomson Reuters Trust Principles. , opens new tab Custody giant State Street expands crypto services in new partnership State Street is partnering with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments, the U.S. financial services provider told Reuters. 336 COMMENTS Group Home Business Plan [Sample Template] Also, job website PayScale notes that supervisory positions in group home jobs pay an average of $14.30 per hour, with salaries typically ranging from $11.13 to $18.75 per hour. Annualized, the average full time salary is $36,498, with a typical range between $28,000 and $50,000. 40. Group Home Business Plan Template [Updated 2024] Learn how to write a group home business plan with this comprehensive guide. 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