18 BED RETIREMENT HOME CARE FACILITY - $990,000

Generic photo to protect the privacy of residents

 

WOODSTOCK

Immaculate “homey” Retirement Home in a quiet suburban setting. The Home is licensed by RHRA as a Retirement Home, and, has a contract with the City of Woodstock and County of Oxford to provide subsidized Housing with Support. Dual function ensures full occupancy. Ideal family business.

 

2017
PROFORMA
(Based on recent monthly financial statement)
     
REVENUE   $333,600
Operating Expenses    
     Office   $600
     Accounting   $504
     Licences   $1,133
     Insurance   $8,350
     Bank Charges   $1,320
     Salaries & Wages   $142,043
     Meals and Food Cost   $35,352
     Maintenance   $6,156
     Telephone & TV   $2,766
     Utilities   $16,584
     Vehicle Expenses    $960
Total Operating Expenses   $215,768
     
Income before Income Taxes $117,832

 

* Information supplied by Seller. Buyer should verify all information.