A carefully researched Senior Living Market Feasibility Analysis for assisted living is a must-have tool that can help developers and skilled nursing facility managers make the right decisions for building or expanding their facilities.
At Senior Consulting, LLC, we recommend commissioning an analysis as early in the project development as possible, as their results can shape and direct choices ranging from site location to interior design to marketing.
A Senior Living Market Feasibility Analysis works to analyze your competition and current market demand for additional services, such as independent living, assisted living, or dementia care. Our research has indicated that almost every regional market in the country has a growing need for memory care specifically.
We will utilize the results of the study to work with you on developing an appropriate plan and timeline for building or expanding services in your facility.
In the study, we analyze the demographics of potential customers and also the potential competitors in your area. Our comprehensive Senior Living Market Feasibility Analysis will mystery shop each competitor to determine their strengths and weaknesses. Additionally, we will draw data from licensing authorities to telephone surveys to discussion with area planners and agencies geared toward elderly services. We also include a demographic segmentation analysis that includes age, income, and amenity needs is included.
When considering the ideal location for a new or expanded site, we believe it is imperative to consider the physical and environmental elements of the service area. Such elements can include, but aren