Blue Hydrangea ALF | Application Preview
Blue Hydrangea ALF is seeking government grants to support its mission of providing housing for veterans, their spouses, and children. The funding will be used to purchase a home that meets ADA renovations and state regulations, cover employee salaries for 6 to 12 months, pay for resident placement agency costs averaging $5,800 per resident, and lease a vehicle for appointments.
Their business plan includes expanding from one home with 6 to 8 residents in the first two years, to acquiring a second home for 12 to 16 residents in year three, and a third home for 18 to 24 residents by years four and five. The projected investment ranges from $417,600 to $1,670,400, depending on the number of residents.
The funding is justified by a commitment to support veterans, reflecting a goal to give back to those who have served the country. With the continuing care retirement community and assisted living industry expected to grow significantly, Blue Hydrangea ALF is strategically positioned to offer personalized care tailored to the unique needs of elderly residents.
Their competitive edge includes:
1. Personalized Care: Limited capacity allows for individual attention, enhancing resident engagement and comfort.
2. Home-like Environment: A focus on creating a welcoming and familiar atmosphere to reduce feelings of loneliness.
3. Comprehensive Support: Trained staff provides daily living assistance and medication management, ensuring each resident's well-being.
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General Information
Business Registration Number: 93-4742693
Location: Jacksonville, FL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: $250k to $500k
Open to Loans: YES
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Funding Usage
Purchase the following *Home to include ADA renovations, state regulations and furniture *6 to 12 months of employee pay Pay for the following *Placement agencies for residents average cost: $5,800 per resident placed *Lease vehicle for resident appointments
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Business Plan
Years 1 & 2: Purchase and operate one home: 6 residents: $417,600 / 8 residents: $556,800 Years 3: Purchase second home: 12 residents: $835,200 / 16 residents: $1,113,600 Years 4 & 5: Purchase third home: 18 residents: $1,252,800 / 24 residents: $1,670,400 My goal is to provide housing for men and women veterans, this includes their spouses and their children. Having these homes gives back to the people that served our country
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Self Identified Competition
According to Impact Analytics, the Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly industry is experiencing significant growth, with a projected market value of $320 billion by 2025 and a compound annual growth rate (CAGR) of 6.8%. Blue Hydrangea Adult Living is well-positioned to capitalize on this trend by offering high-quality, personalized care and a range of amenities tailored to the unique needs of elderly residents. With a focus on promoting independence, comfort, and a sense of community, Blue Hydrangea Adult Living aims to become a leading provider in this thriving industry 1. Personalized Care: Our residential homes have a maximum capacity of only 6 residents, allowing us to provide individualized attention and care to each resident. This personalized approach ensures that their specific needs and preferences are met, maximizing their engagement and comfort. 2. Home-like Environment: Our focus is to create a comfortable and welcoming home environment for our residents. We strive to make them feel like they are at home, surrounded by familiar and cozy surroundings, which helps to alleviate any feelings of loneliness or unfamiliarity. 3. Comprehensive Support: We aim to take care of the day-to-day needs of our residents, providing assistance with activities of daily living, medication management, and other necessary support. Our dedicated staff is trained to provide compassionate care and ensure the well-being of each resident
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