Who are some of the larger group home, transitional living home and sober home operators?
The Narco Freedom is the number one outpatient sober home and substance abuse recovery home in the new york area. As a matter of fact, according to tax returns, Narco Freedom had revenue of $46,700,000 in 2011. What are the profit margins? We don’t have access to that information, but 20% – 50% is not uncommon.
But this is just one example. In particular, there are literally group homes throughout the country that are helping thousands of people. Some of them are operated as non-profits, while others are operated as for-profit entities. In this case, It really just depends on your choice.
Often times, people will set up non-profit group homes and sober homes in order to obtain government funding, while others don’t feel comfortable doing this and decide to keep their sober homes or group homes as for-profit entities. Remember, just because they are non-profit doesn’t mean that they don’t make any money!
So when evaluating what line of work or what particular niche you want to be involved in, you can also use public information to see who some of the larger group home operators are in your city. Remember, this isn’t specifically the United States, this is a business that has the opportunity throughout the world.
Check out the link below.
Meanwhile, It is for the Angel Home, a home in Malibu that charges between $4,500 and $10,000 per month per client.
Houses like this are not only prevalent in the United States, but also in Australia, Germany and throughout the world! Remember, this is a service that people everywhere need……and they need people like you to help them!
Check out this amazing sober home in Australia
So, to answer the question that was posed in the title, you really need to dive in and do some research. Where do you live? Are they non-profit or for profit? What specific group of people do they serve? After you have narrowed down your criteria, then and only then you can determine who the big players are in the industry. Moreover, assuming you decide to go the smaller route, which typically consists of a 12 step program and low monthly payments, you will find that there are plenty of others doing the same thing.
For example, see the following link for some Los Angeles area sober homes at roughly $500 per month
At the same time, you can find more expensive homes where clients pay closer to $5,000 per month
The point here is that there are a number of opportunities to help others while simultaneously helping yourself.
So, If you are looking for additional information on how to start a group home, halfway home, transitional living home, sober home, foster home, ICF/MR home, DADS Home or other type of care home for people with disabilities; then check out our free course on starting your very own income-generating group home by clicking here or going to www.grouphomeriches.com and clicking on the free wealth building course.
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