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Senior Center
Business Plan
I. Company Overview and Summary
II. History
III. Management
IV. Financial Summary- View
Sample and Create In Business Plan Writer
VI. Market Analysis- View
Complete Market Analysis In Business Plan Writer
VII. Marketing Plan- View
in Complete Business Plan
VIII.
Assumption Page
- Created with Business Plan Writer
IX.
Financial Documents
- Created with Business Plan Writer
X.
Supporting Documents
- View in Complete Business Plan
The term used for
Senior Center facilities differs across the country. Other common terms for these
facilities include:
Coat & Simms
Enterprizes, Inc.
I. Company Overview and Summary
Coat & Simms Enterprizes, Inc. is an Senior Center development and management company. Currently the business is seeking to expand operations. Initially, the borrowers had considered purchasing land and building a new facility, however, when they considered the costs of building compared to buying an existing
Senior Center facility, they determined that it was more cost effective to find something already existing that they could use and remodel and/or adapt if necessary.
The borrowers seek the acquisition of the property at ________________________ from
Coat & Simms Enterprizes, a seasoned veteran in the Senior Center Industry. The seller is selling the real estate and non-real estate business assets and this request is for financing for the purpose of buying all assets. The borrowers have negotiated to purchase the business for $250,000.
The premises currently owned by the Borrowers, Coat & Simms Enterprizes, Inc. is
located at
9802-9806 Foreet Park Lane Balt MD 212-
Coat & Simms Enterprizes, Inc. Loan Write-Up
Loan Purpose: Commercial Real Estate and Business Loan
Amount: $250,000
Page 1
Coat & Simms Enterprizes, Inc.
II. History
Coat & Simms Enterprizes, Inc. (The Borrowers)
Coat & Simms Enterprizes, Inc. was established in 2005 as an "S" corporation in the state of Maryland.
Coat & Simms Enterprizes, Inc. is owned and managed by Mr. George Sley (51 % owner) and Mrs.
Jane Sley (49% owner) Coat & Simms Enterprizes, Inc. is an adult Senior Center
management company providing housing for elderly persons. Services, including housekeeping, meals, transportation, nursing assistance and entertainment, are provided for the residents.
Service contracts are provided to the residents offering a wide-range of services tailored specifically to meet each individual's need. Depending on the level of care provided, the living arrangements range from semi-private to private rooms. All rooms include a bed, bedside table, lamp, chair, dresser, bath linens and bed linens. For example, services include: three meals a day, transportation to medical appointments, physical assistance, personal care services, services such as assistance with eating, and all aspects of personal
hygiene, and dressing. Additional services include:
.Personal hygiene and grooming
.Dressing and clothes selection
.Medication management
.Continence management
.Showering or bathing
.Socialization and activities
.Mobility and transferring
.Monitoring of safety
Coat & Simms Enterprizes, Inc. Loan Write-Up
Loan Purpose: Commercial Real Estate and Business Loan
Amount: $1,250,000
Page 2
Coat & Simms Enterprizes, Inc.
II. History (continued)
Coat & Simms Enterprizes's Senior Center options offer personalized assistance, supportive services and compassionate care in a professionally managed, carefully designed community setting. It's the perfect alternative for seniors who can no longer live on their own at home, yet don't need 24-hour, complex medical supervision.
Coat & Simms Enterprizes approach provides the ideal solution for seniors who need some he[p with daily activities, such as bathing. dressing and medication reminders.
Coat & Simms Enterprizes focus on wellness and keeping residents as independent as possible by providing a tailored plan of assistance.
Coat & Simms Enterprizes residents enjoy beautifully appointed living spaces, delicious meals, engaging social ativities, transportation and personalized assistance and care.
Coat & Simms Enterprizes also offer a choice of locations, under well-known local names that include
Coat & Simms Enterprizes Senior Center and Gingeread Manor. It's the assistance seniors need with all of the independence they desire.
Coat & Simms Enterprizes understands that each resident is an individual with unique needs and preferences. That's why
we meet with each resident and family and conduct an assessment -prior to move-in and at regular intervals after move-in -to understand the need for assistance and support in many important areas.
Coat & Simms Enterprizes, Inc. Loan Write-Up
Loan Purpose: Commercial Real Estate and Business Loan
Amount: $1,250,000
Page 4
Coat & Simms Enterprizes, Inc.
III. Management
The Principals of Coat & Simms Enterprizes, Inc. has partnered with
Clair Ollens and Ben Ollens, who have over 30 years of cumulative experience in the assisted Jiving industry and have demonstrated abilities in the management and operation of running a senior care
Senior Center facility.
Coat & Simms Enterprizes, Inc goal is to provide quality care to seniors by providing a setting that the residents enjoy. The staff of
Coat & Simms Enterprizes, Inc will be on site 24 hours a day to provide qualified professional care. The staff is trained in all aspects of general care, medical management and CPR. The
Senior Center industry markets its product in the retirement community of ages 65 and older, the target market in ages 75 plus. The profile of an average resident is an 81-year-old widowed female. As the population of the United States ages, there will be a continued need for the supported life style offered by these communities.
Coat & Simms Enterprizes, Inc. Loan Write-Up
Loan Purpose: Commercial Real Estate and Business Loan
Amount: $1,250,000
Page 4
Coat & Simms Enterprizes, Inc.
IV. Financial Summary
Coat & Simms Enterprizes (The Borrowers)
Coat & Simms Enterprizes, Inc. seeks to take advantage of the benefits of ownership as well as the favorable tax laws for owned real estate. Seeking to expand and grow their operations, they intend to purchase the real estate (land and building) of ________________________ Retirement Center.
Financially, Coat & Simms Enterprizes seeks to demonstrate good growth once the acquired facility is operational. Working with Bon View who have over the years sought to increase their operations and benefit from the economies of scale.
WE have acquired facilities, providing them additional revenue capabilities without significantly increasing expenses. Their growth is made possible by taking advantage of existing operations and administrative infrastructure they already have in place and increase revenue-generating capabilities without proportionately adding to their overhead.
Coat & Simms Enterprizes will absorb this methodology to sustain continued growth.
Over time, their goal is to convert their leases to real estate acquisitions by utilizing existing purchase options in their leases(s).
Coat & Simms Enterprizes, Inc. Loan Write-Up
Loan Purpose: Commercial Real Estate and Business Loan
Loan Amount: $1,250,000
Page 5
Coat & Simms Enterprizes, Inc.
V. Market Analysis
According to the Department of Aging, over 12 million Americans are making senior living decisions right now. That number increases every year, In fact, by 2030, over 65 million Americans will be facing retirement and senior living decisions.
Senior Center facilities are for people needing assistance with Activities of Daily Living (ADLs) but wishing to live as independently as possible for as long as possible.
Senior Center exists to bridgethe gap between independent living and nursing homes. Residents in
Senior Center centers are not able to live by themselves but do not require constant care either.
Senior Center facilities offer help with ADLs such as eating, bathing, dressing, laundry, housekeeping, and assistance with medications.
Senior Center is not an alternative to a nursing home, but an intermediate level of long-term care appropriate for many
seniors.
Coat & Simms Enterprizes, Inc. -Loan Write-Up
Loan Purpose: Commercial Real Estate and Business Loan
Amount: $1,250,000
Page
6
IV. Financial Summary- View
Sample and Create In Business Plan Writer
VI. Market Analysis- View
Complete Market Analysis In Business Plan Writer
VII. Marketing Plan- View
in Complete Business Plan
VIII.
Assumption Page
- Created with Business Plan Writer
IX.
Financial Documents
- Created with Business Plan Writer
X.
Supporting Documents
- View in Complete Business Plan
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