group home business plans

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 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

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.

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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.

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.

Group Home Business Plan FAQs

What is the easiest way to complete my group home business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your group home business plan.

Where Can I Download a Group Home Business Plan PDF?

You can download the group home business plan pdf here.

Our sample group home business plan pdf allows you to see the key sections to complete in your plan and the key questions that each must answer. The business plan pdf will definitely get you started in the right direction.

How Do You Start a Group Home Business?

Starting a Group Home business is easy with these 14 steps:

• Choose the Name for Your Group Home Business
• Create Your Group Home Business Plan
• Choose the Legal Structure for Your Group Home Business
• Secure Startup Funding for Your Group Home Business (If Needed)
• Secure a Location for Your Business
• Register Your Group Home Business with the IRS
• Open a Business Bank Account
• Get a Business Credit Card
• Get the Required Business Licenses and Permits
• Get Business Insurance for Your Group Home Business
• Buy or Lease the Right Group Home Business Equipment
• Develop Your Group Home Business Marketing Materials
• Purchase and Setup the Software Needed to Run Your Group Home Business
• Open for Business

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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.

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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).

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