30 BED / 19 ROOM RESIDENTIAL HOME - WATERLOO REGION - $1,500,000

Generic photo to protect the privacy of residents

 

GREAT OPPORTUNITY

IN A GREAT

DOWNTOWN LOCATION

 

Government subsidized Residential Care Home with long-term residents. Subsidy is not dependent on occupancy.

 

Buyer must have 3+ years experience operating a Care Home facility to qualify for the contract with the Region of Waterloo. 

 

2016 STATEMENT OF OPERATIONS
       
       
REVENUES   $568,056  
EXPENSES      
     Wages & Benefits   $258,016 *
     Food & Supplies   $50,000  
     Repairs & Maintenance   $15,000 **
     Utilities   $32,850  
     Residential Care & Personal Needs $14,642  
     Insurance   $10,033  
     Property Taxes   $8,898  
     Transportation   $2,000  
     Telephone & Internet   $3,500  
     Bank Charges and Interest   $3,204  
     Miscellaneous   $1,431  
     Memberships & Licensing Fees $108  
TOTAL EXPENSES   $399,682  
       
EARNINGS BEFORE INCOME TAXES $168,374  
       
* Does not include owner's administration and property management fees
** Costs normaized      
*** Information provide by Seller. Buyers should verify all information.