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Introducing FCSN Senior Facility Project

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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Introducing FCSN Senior Facility Project

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  1. Discussion on Senior Housing And Business Operation Introducing FCSN Senior Facility Project

  2. 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

  3. 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

  4. 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)?

  5. 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

  6. 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?

  7. Senior Facility Survey Questionnaire

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