32 BED - HOUSING WITH SUPPORT - $1,375,000

Licensed 32 beds Domiciliary Hostel (now called Housing with Support). This facility comes equipped and well maintained. Great opportunity to own a growing business! Buyer must be approved by The City of Windsor. Not your typical Retirement Home. This type of business does not come too often in the market!! Spent lots of money in renovations. Fully sprinkler. PRINCIPLES ONLY

2017 PRO FORMA
PROFIT & LOSS
HOUSING WITH SUPPORT (HWS) (Licensed 32 beds)
 
INCOME  
     Domiciliary (17 residents)  $313,140.00
     Privates and ODSP (11 residents) $152,145.00
Total Revenue $465,285.00
EXPENSES  
     Salaries & benefits $190,000.00
     Food $35,500.00
     Supplies $5,200.00
     Utilities (heat/hydro/phone/internet) $29,000.00
     Marketing (Advertising & Promotions) $500.00
     Property Taxes $14,500.00
     Insurance $6,800.00
     Accounting $2,500.00
     License Fees $500.00
     Maintenance & Repairs $11,500.00
     Office expenses $1,000.00
     Travel  $1,000.00
Total Operating expenses $298,000.00
   
 NET OPERATING INCOME $167,285.00
Note: Income based on 28 residents (actual number of residents as of November 2017). Based on information supplied by the Seller. Buyer to verify all information.