I am an RN and my mother a CNA. She approached me with idea of opening an ALF out of her home (3b/2bath).
We live in Florida and from the area we live average went is around 2k-5k a room.
She would care for the patient and I would be the administrator essentially.
we would hire 1 CNA to care for the patient at night.
Our goal would be to get licensed after obtaining 3 patients and then get a larger home and repeat.
This seems like a no-brainer for nurses however i fear that this would business would take an immense amount of hours to manage and keep vacancy down.
I do not have any reference for this business venture and hoping to hear some feedback on this journey
Have you talked to your state healthcare licensing agency yet about what requirements you would have to meet in order to open and operate a facility? That would be a good place to start. They can provide you with a copy of the state rules and regs for assisted living facilities.
My best friend and I bought a home and set it up as a personal care home here in TX. We still have the home, but we're renting it out to a married couple. When our last client passed away, my best friend decided to go back to nursing school. Here are just a few things we learned along the way:
1. Contact whatever regulatory agency you have in your state and know the rules. We could only have 3 people as residents because we were considered a "personal care home", and we did not have a sprinkler system in the home .
2. We priced sprinkler systems after we had bought the home. We were getting quotes up to $30,000 to have a sprinkler system installed from the "installers".
3. We had a website.
4. We set up the company as an LLC.
5. If one of our caregivers called in, we had to cover. One time I was in the home with the client for 48 hours. Cooking, cleaning, dressing, turning him every 2 hours during the day and night.
6. Be prepared for when your client goes from walking to wheelchair to being bed bound.
Anyway, I say go for it but do your research first and always check out the competition in your city.