I. Executive Summary
This Section's Contents
You can download our Business Plan Template (including a full, customizable financial model) to your computer here.
Business Overview
[Company Name] is a licensed group home facility located in [insert location here] that is specifically designed and equipped with the necessary accommodations to provide comfort and security to all residents. [Company Name] provides a clean, comfortable, nurturing and safe environment for the elderly and disabled.
Products Served
[Company Name] will provide a supportive home that includes services that assist its residents with completing daily basic and simple tasks, such as taking medication, personal hygiene, making dinner, transportation, budgeting their personal allowance, socializing and grocery shopping.
Customer Focus
[Company Name] will serve the aging and disabled community of [company location]. Many of the aging and disabled community has special and severe conditions that prevent them from living independently and require constant oversight and 24-hour care in a comfortable facility.
Management Team
[Company Name] is led by [Founder’s name], who has worked for [xx] years for various living facilities around [company location]. [Founder] is a licensed Group Home Administrator, nurse, and social health worker with over [xx] years of experience. He has a Master’s Degree in Public Health and is truly passionate when it comes to taking care of people with disabilities. He knew in his heart that this disadvantaged and deserving segment of the population deserved a better quality of care.
Success Factors
[Company Name] is qualified to succeed due to the following reasons:
- There is currently a high demand for group home services in the community. In addition, the company surveyed the local population and received highly positive feedback pointing towards an explicit demand for the services, supporting the business after launch.
- The Company’s location is in a high-volume traffic area and will thus be highly convenient for a significant number of aging and disabled residing nearby.
- The management team has a track record of success in the group home business.
- The group home business is a proven business and has succeeded in communities throughout the United States.
Financial Highlights
[Company Name] is currently seeking $460,000 to launch a group home. Specifically, these funds will be used as follows:
- Facility design/build-out: $340,000
- Working capital: $120,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even
The following graph outlines the pro forma financial projections for [Company Name] over the next five years:
| Financial Summary | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Revenue | $965,742 | $1,878,611 | $2,718,300 | $3,477,900 | $4,285,228 |
| Total Expenses | $390,241 | $630,018 | $931,935 | $1,171,906 | $1,429,992 |
| EBITDA | $575,501 | $1,248,593 | $1,786,365 | $2,305,994 | $2,855,237 |
| Depreciation | $8,720 | $8,720 | $8,720 | $8,720 | $8,720 |
| EBIT | $566,781 | $1,239,873 | $1,777,645 | $2,297,274 | $2,846,517 |
| Interest | $5,077 | $4,442 | $3,807 | $3,173 | $2,538 |
| PreTax Income | $561,705 | $1,235,431 | $1,773,838 | $2,294,101 | $2,843,978 |
| Income Tax Expense | $196,597 | $432,401 | $620,843 | $802,935 | $995,392 |
| Net Income | $365,108 | $803,030 | $1,152,995 | $1,491,166 | $1,848,586 |
| Net Profit Margin | 38% | 43% | 42% | 43% | 43% |
