Three years ago, Curt M. Maier retired before he turned 50 from his job as a general manager with Air Products and Chemicals, and began looking for entrepreneurial opportunities. Maier of Allentown, Pa.
The graying of America suggests that operating an adult day care center -- ADC -- can be a profitable business opportunity. A report by the Centers for Disease Control and Prevention predicts 72 million seniors, aged 65 and older, will make up 20 percent of the U. A national survey funded by the Robert Wood Johnson Foundation reported 3, adult day care centers in operation nationally.
Last year I was asked to do a business evaluation and financial review of an Adult Day Care Center in Ventura County and render an opinion as to the profitability and viability for a client wanting to buy this business for the full asking price or for any other price. Up to that point I had never reviewed a Day Care Center, but I had prospective buyers that had been studying the industry, and telling me all about what they had learned in their investigations. They still wanted my opinion as to the viability and profitability of buying a Day Care Center.
An emerging business opportunity in long-term care is starting an adult day care center. Adult day centers play a vital role in the quality of life for our seniors. Find out all you need to know about adult day care here. The Census Bureau reports more than 40 million people in the United States were over 65 in
For senior clients, these centers provide a coordinated program of professional and compassionate services in a community-based group setting. For their families, they offer respite from the demanding responsibilities of caregiving. Some of the links on this page may link to our affiliates.
Are you interested in starting an adult daycare business? If YES, here is a complete guide to starting an adult daycare business with little money and no experience. We also took it further by analyzing and drafting a sample adult daycare marketing plan backed up by actionable guerrilla marketing ideas for adult daycare businesses.
Most of the revenue was from Federal sources, with Medicaid being the largest single source. To the extent that adult day care programs can better utilize their capacity, considerable savings could be made in cost per participant day. Current and complete financial information is crucial to making informed decisions about the expansion of adult day care.
This is not the business for you. However, if you have a passion for helping people and want to do some good in the world while earning some extra incomethis may be exactly the kind of business you want to explore. The cost of a full-time care facility can be way too expensive for a lot of families — even if Medicare kicks in for part of the bill. Instead, they make the commitment to care for them in their own homes for as long as possible.
Opening an adult daycare center takes lots of work to provide a safe facility that offers limited health care and many social activities for adults who no longer live on their own. Knowing if the adult daycare center industry will grow in the next few years is important to making a decision on whether or not to invest your time and money. A study conducted in showed that 4, adult day centers existed ina 35 percent increase sinceaccording to the National Adult Day Services Association.