| Current Status | Break-Even, Profitable |
| Amount Invested | RM50,000 |
| Funding Required | RM300,000 or less |
| Description | AN INNOVATIVE CONCEPT WHOSE TIME HAS COME. Eldershare is a ground-breaking new concept in senior living and care. It allows seniors to live together as small groups sharing spacious, well-appointed condos, apartments, and landed homes. This enables them to receive the care and socialisation they need while maintaining a sense of independence. Eldershare helps families find more attractive housing options for their elderly but also offers elderly singles (often widows) a chance to rent out their own homes and share care and expenses with other seniors, In addition, the company rents selected units, making them available to seniors, offering full care, medical attention, activities, meals and companionship. |
| Business Opportunity | FILLS A SIGNIFICANT NEED. Eldershare comes along at a time when the children of an ageing population–both in Malaysia and Asia more broadly–are desperate to find suitable living situations and care for their parents and other relatives who are living long lives, need some help in their daily lives but are ready for a nursing home. Malaysia has a 10% ageing population and this number will balloon up to 20% by 2030. The market is ever growing and our services is one-of-a-kind and affordable, not being done anywhere else in the world yet. |
| Revenue / Business Model |
We rent units from landlords and sublet it to elderly tenants. On top of that, we provide care services, meals services, physiotherapy and doctor visits to our units.
We also have extra services such as outings, acupuncture, massages, companion for hospital follow ups, which are affordably priced. We have elderly landlords staying alone that would like companions as well. We collect the rent and utilities on behalf of the landlord and charge the tenants for care and meal services that we provide. |
| Management Team |
Dr. Lim Geng Yan (CEO, Medical Director) – medical doctor with special interest in Geriatric care. Owns and operates a chain of nursing homes in Malaysia (
www.jasperlodge.com.my
)
Ms. Anna Kon (Nursing Director) – registered nurse with vast background in Geriatric care. Currently is the Nursing Director of Jasper Lodge. Mr. Andrew Mastrandonas (Chief Development Officer) – coming from a background of Telehealth in Singapore and operating Retirement Villages in Costa Rica, Andrew has a vast experience in this field to expand the business. Mr. Cristian Andrei Andriesei (Chief Product Officer) – Telehealth background as well. He is in charge of building the AirBNB platform for seniors to find a suitable share living space. Mr. Alvin Chong (Sales Executive) – Has been managing the sales team in Jasper Lodge with exceptional performance. Understands and knows how to sell senior care and living services. Ms. Irean Yong (Administrative Executive) – Has been managing the administrative team in Jasper Lodge with exceptional performance. Mr. Shahmie Ezham (Lead Physiotherapist) – Has been leading the physiotherapy and senior activities teams in Jasper Lodge. |
| Company Background | 20,000 revenue per month from 2 units, profit margin of 20% after taking out marketing costs and staff salary. We filled up 2 units in 2 months. |
| Funding Milestone |
RM300,000.x
Two main purposes: Open 20 more units and fund the marketing to fill up the units. |
| % Equity Allocation | 10 |
| Expected ROI | Multiple folds |
| Risks and Mitigation | Eviction from property management or landlord represents the biggest risk. Hence, we need to make sure that the landlord is aware and agreeable with what we are doing in their unit with a signed agreement, and use ‘investment properties’ or ‘commercial-titled properties’ to operate. These properties are usually the ones that allow AirBNB. |
| Exit Strategies | Acquisition by a public listed company. We already have a candidate that is interested once we have scaled it up to a certain extent. |
| Company Name | Eldershare Sdn Bhd |
| Website/Facebook | https://www.eldershare.co |
| Business Address | 37, Jalan SS 2/3, SS2, 47300 Petaling Jaya, Selangor |
| Contact Person | Lim Geng Yan |
I am a 65yr old widow and I have been looking for senior co sharing houses in Malaysia. Would like to know more about your services.