discussion on senior housing and business operation
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Introducing FCSN Senior Facility Project

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Discussion on Senior Housing And Business Operation. Introducing FCSN Senior Facility Project. Long-term Goal. To be a profitable and sustainable business that provides cost effective general public senior housing facility

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Presentation Transcript
long term goal
Long-term Goal
  • To be a profitable and sustainable business that provides cost effective general public senior housing facility
  • Project will also provide an opportunity for FSCN community as an investment vehicle, and self (investor) occupied facility
business operation and capital investment questions 1
Business Operation and Capital Investment Questions (1)
  • Type of senior housing:
      • Focus on assisted living with:
        • Drug management
        • Memory management
        • Nursing support
        • Food service (on-site bistro/restaurant)
        • On-site retail space for physical therapy, medical office, etc
    • Independent living facility close by, but not associated with the assisted living facility
business operation and capital investment questions 2
Business Operation and Capital Investment Questions (2)
  • Detail cost structure of senior housing:
    • Capital costs:
      • Building/land (importance of location?):
        • Cost per sq ft?
        • Optimal total square footage for operation? (e.g. 100 rooms @ 200 sq ft per room)
        • Are there scaling penalties? (if we go smaller or larger than the optimal, are there penalties either way?)
      • Equipment cost:
        • Specialized furniture for different type of accommodations?
        • Cost per room (sq ft)?
business operation and capital investment questions 3
Business Operation and Capital Investment Questions (3)
  • Recurring costs:
    • Staffing costs:
      • Average total per month
      • Average for specific field:
      • On-site nursing
      • Care giver
      • Food service
      • Janitorial
      • Office staff (facility manager, office manager, etc)
    • Maintenance costs:
      • Building maintenance (per sq ft)
      • Utilities
      • Transportation (shuttle service)
    • Insurance
    • Staff training
business operation and capital investment questions 4
Business Operation and Capital Investment Questions (4)
  • Income:
    • What are the prevailing rate for comparable facility:
      • Average per resident?
      • Average per sq ft?
    • What is the industry norm in terms of ROI? What is a reasonable rate of return?
  • What are the major business and governmental regulation hurdles?
  • How is the competition?
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