16 BED RETIREMENT HOME - TILLSONBURG - $850,000

Generic photo to protect the privacy of residents

This TURNKEY OPERATION is set in a quiet rural location with 39 acres of land, minutes from Tillsonburg towncentre.

Licensed with the RHRA and is currently full with 16 residents. It serves CCCA clients in Tillsonburg, Woodstock, Ingersol and St. Thomas.

 

 

 

 

 

 

PROFORMA (Based on 2016)
     
INCOME    
     Resdient Rents $337,267
     Land Rental $1,808
TOTAL INCOME $339,075
     
EXPENSES    
     Food & Supplies $52,989
     Wages & Benefits $84,002
     Advertising & Promotion $8,558
     Licence, Fees and Dues $2,163
     Insurance   $8,075
     Office   $3,000
     Property Taxes $19,205
     Repairs and Maintenance $12,656
     Telephone $2,528
     Utilities   $19,620
TOTAL EXPENSES $212,796
     
NET OPERATING INCOME $126,279
     
* Owner's salaries and dividends not included
** Owner's live on premises and are available for night time emergencies
*** All information provided by the Sellers. Buyer should confirm all income and expenses