COSTS FOR STARTING AN ADULT DAY CARE CENTER
COMMERCIAL: Leasing a 5000-8000 square foot facility can be a major expense, with build out costs ranging from $75K-$300K for larger centers
RENT: A 2,000 square foot commercial space could cost between $2000 and $5000 a month, depending on location and amenities
FRANCHISE: Upfront costs $50,000, with total investment of $600,000. To $900,000. ADULT DAY CARE GROUP IS NOT A FRANCHISE
LICENSING AND REGULATORY FEES: Expect to pay $50-$5000 depending on state and facility capacity
INSURANCE: Property & public liability insurance range from $3500 to $5000. Don’t forget driver insurance, workman’s comp. Some Insurance companies have a package deal for adult day care.
EQUIPMENT AND SUPPLIES: Furniture, medical equipment and activity supplies
STAFFING: Staff recruitment and salaries are ongoing expense
WORKING CAPITAL: You will need funds to show the state that you can run for one year at minimum. Aswell, as funds to cover until profits roll in.
MARKETING: Costs for marketing campaigns are an important start up expense. ADULT DAY CARE GROUP has an entire marketing team to get you started as well as to stay ahead of the competition.