Business Plan of Health and Residential Care

Running head: BUSINESS PLAN OF HEALTH AND RESIDENTIAL CARE
BUSINESS PLAN OF HEALTH AND RESIDENTIAL CARE
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BUSINESS PLAN OF HEALTH AND RESIDENTIAL CARE1
Table of Contents
Introduction................................................................................................................................2
Financial Aspects:......................................................................................................................3
Policy Context............................................................................................................................6
Service User Roles, involvement, consultation:........................................................................9
Project Delivery plan................................................................................................................11
Performance measurers........................................................................................................12
Management plans...............................................................................................................13
Roles and responsibilities.....................................................................................................13
Start-up meeting.......................................................................................................................14
Scope statement....................................................................................................................14
Cost structure...........................................................................................................................14
Management plan.....................................................................................................................15
Staffing plan.............................................................................................................................15
Project quality..........................................................................................................................15
Project risks..............................................................................................................................15
Conclusions:.............................................................................................................................17
References:...............................................................................................................................18

BUSINESS PLAN OF HEALTH AND RESIDENTIAL CARE2
Introduction
To assist the living of the senior and old peoples in UK, the Residential Care will
provide them with healthy and safe place to reside and it will further assist them with
medicine, meals and healthcare. The service will be provided to them for a cost per week.
There will be also opportunity for them entertainment, fulfilment. The primary goal of the
Residential Care with provide better service to the seniors which will provide them homely
environment along with medical care and services (Kirzner 2015). This home will be situated
at Chelsea which will provide services to 50 of their residents with their trained staffs. All of
the rooms will have private access which will have all the amenities.
The rooms will be full furnished provided with all accommodations. There will be
laundry room along with The residents will be also provided with swimming pool and gym
with which will be well equipped with a lift which will help the senior with difficulties. There
will be open garden space where the residents can spent their time with others. The peoples
will be also provided snacks and meals per day along with the medication (Burns 2016). The
residents will be provided with transportation facility for any appointments. The residential
care will be provided on and from January in the year.
The residents of Residential Home Care will have to pay a minimum of £4,800 per
month to avail all the facilities along with living in this residential home. Along with this
£10,000 will be required from them for security and medical purpose.

BUSINESS PLAN OF HEALTH AND RESIDENTIAL CARE3
Financial Aspects:
INCOME YR1 YR2 YR3 YR4 YR5
Grant Finance £4,00,000 £4,00,000 £4,00,000.00 £4,00,000 £4,00,000
SS Finance £31,20,000 £31,82,712 £32,46,684.00 £33,11,942 £33,78,512
Savings Portfolio £24,000 £18,000 £12,000 £6,000 £0
GRAND TOTAL £35,53,600 £36,07,912 £36,63,484 £37,20,342 £37,78,512
EXPENDITURE
Staffing (Managers) £2,18,000 £2,22,578 £2,27,252 £2,32,024 £2,36,897
Staffing (Frontline) £2,30,635 £2,35,478 £2,40,423 £2,45,472 £2,50,627
Rent £3,60,000 £3,67,560 £3,75,279 £3,83,160 £3,91,206
Utilities £52,000 £53,092 £54,207 £55,345 £56,508
Maintenance £35,000 £35,735 £36,485 £37,252 £38,034
Food £1,97,100 £2,01,239 £2,05,465 £2,09,780 £2,14,185
Security £50,000 £51,050 £52,122 £53,217 £54,334
Licenisng £10,000 £10,210 £10,424 £10,643 £10,867
Transport £12,000 £12,252 £12,509 £12,772 £13,040
Laundry £26,000 £26,546 £27,103 £27,673 £28,254
Reg Compliance £36,000 £36,756 £37,528 £38,316 £39,121
insurance £1,24,000 £1,26,604 £1,29,263 £1,31,977 £1,34,749
Furniture £75,000 £76,575 £78,183 £79,825 £81,501
Gardening £3,600 £3,676 £3,753 £3,832 £3,912
Training £30,000 £30,630 £31,273 £31,930 £32,600
Grand Total £14,59,335 £14,89,981 £15,21,271 £15,21,271 £15,21,271
SURPLUS/DEFICIT £20,94,265 £21,17,931 £21,42,213 £21,99,071 £22,57,241
No of residents 50
Weeks/Year 52
WKLY Income from Grant/resident £153.84
WKLY Income from SS/Resident £1,200.00
Wkly Total Income (x50 residents) £67,692.00
Mthly Income from Grant/Resident £667
Mthly Income from SS/Resident £5,200
Mthly Total Income (x50 Residents) 2,93,332.00
Yearly Income from Grant/Resident £8,000.00
Yearly Income from SS/Resident 62,400

BUSINESS PLAN OF HEALTH AND RESIDENTIAL CARE4
Yearly Total Income (x50 Residents) 35,20,000.00
Start Up-Costs:
Start Up Expenses
Start-up Expenses
Fixed Costs Particulars Amount
Staffing (Managers) £ 2,18,000
Staffing (Frontline) £ 2,30,635
Rent £ 3,60,000
Utilities £ 52,000
Maintenance £ 35,000
Food £ 1,97,100
Security £ 50,000
Licensing £ 10,000
Transport £ 12,000
Laundry £ 26,000
Reg Compliance £ 36,000
insurance £ 1,24,000
Furniture £ 75,000
Gardening £ 3,600
Training £ 30,000
Total Start-up Expenses £ 14,59,335
Start-up Assets
Sources of funds
Grant Finance £ 4,00,000
SS Finance £ 31,20,000
Savings Portfolio £ 24,000
Total Funds £ 35,53,600
The Residential Care would be dependent on the occupancy so that it can be
profitable. The total costs presently outweigh the sales revenues if there are only three seniors
that are occupying the facility. The overall sales and marketing goals of the business is
focused on obtaining the facility to the highest level possible (Parker 2018). The business will

BUSINESS PLAN OF HEALTH AND RESIDENTIAL CARE5
be accommodating 50 vulnerable residents that are normally placed in the service and getting
a weekly wages of 1200 per week. The business will limit its capacity of vulnerable patients
to fifty persons during its initial five year of operations. After successfully completing its first
five year of operations it would be positioned to take on additional 25 guests as this will help
in making the business profitable.
The business anticipates to have a yearly sales revenue of greater than $35million
during the first year of its operation on the basis of the assumption that there will be a
maximum of 50 guests living in the facility based on the one-time pre admission fee (Kuratko
2016). The total cost arising from the employee payroll would stand approximately £400,000
in the first year of operation. While the total other expenditure for the first year of operation
is anticipated to be £14, 59,335. These expenses mainly include the maintenance, security,
staffing, license etc.
The business anticipates slow growth in the span of two years during the first year of
operation. The business anticipate to make a surplus of £20,94,265 from the first year of its
operation. As the new gusts would be admitted to the facility, the profitability is anticipated
to increase to £21,17,931 in the second year of its operation. While moving into the third year
of operations the business is anticipated to be profitable as well as long as it has full capacity
guest of 50 people. The key to improve the profits is mainly to improve the total capacity at
home.