Episode 15 | Purchasing an Existing Assisted Living Business vs Converting a Home into an Assisted Living Home
In this episode, Brandon Gustafson explores the pros and cons of purchasing an existing assisted living business versus converting a home into an assisted living facility. He emphasizes the importance of creating a business plan and provides valuable free resources such as an underwriting calculator and business plan checklist. Key considerations include operational readiness, costs, licensing processes, and personal preferences. Brandon also shares insights on navigating negotiations, zoning, fire safety inspections, and potential renovation challenges. Viewers are encouraged to utilize additional resources and explore personalized help through strategy sessions and a mastermind program.
00:00 Introduction to Assisted Living Business
00:24 Free Resources for Your Assisted Living Business
01:01 Business Plan Essentials
01:53 Pros of Buying an Existing Facility
02:48 Cons of Buying an Existing Facility
03:56 Pros of Converting a Home
04:52 Cons of Converting a Home
06:35 Making the Right Decision for You
07:54 Conclusion and Additional Resources
Resources Mentioned:
Visit our website, AssistedLivingInvesting.net, for additional resources, including our year-long mastermind program and free underwriting calculator.
Get your free business plan checklist today: https://urlgeni.us/alibpc
Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind
Apply for a free strategy call today: https://urlgeni.us/alistrat
Learn the five steps to help you start an assisted living business: https://youtube.com/live/dRVCa80SOyM
Get the 12 Week Year Book: https://amzn.to/4bAOpQf
Courses:
- Do you need guidance on your journey to launching your assisted living business: https://urlgeni.us/aliala
- Do you need help building your business plan: https://urlgeni.us/alibpg
FREE Resources:
- Business Plan Checklist: https://urlgeni.us/alibpc
- Calculator: https://urlgeni.us/alicalc
- Lease Agreement Template: https://urlgeni.us/alila
- ProfitPath Analysis Tool: https://urlgeni.us/aliprofitpath
- Grant Writing Template: https://urlgeni.us/aligrant
Need help with your payroll? Get Gusto: https://gusto.com/i/brandon9590
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