10 BED CHO FACILITY with SEPARATE OPERATOR APARTMENT - $875,000

EASTERN ONTARIO

FAMILY RUN BUSINESS

IN DOWNTOWN

CLOSE TO AMENITIES

AND HOSPITAL

PROFIT & LOSS  
2021  
Income      
Sales - 1800 x 10 x 12   $216,000.00  
5% Vacancy   $10,800.00  
Gross Profit   $205,200.00  
       
Expense      
Accounting & Bookkeeping   $1,525.14  
Bank Service Charges   $534.34  
Cell Phone   $903.42  
Cleaning Supplies   $681.00  
Food   $32,148.16  
Gasoline & Vehicle Expenses   $3,000.00  
Hydo   $4,910.74  
Insurance Expenses   $6,744.54  
Internet Expenses   $76.71  
Kitchen Supplies   $1,233.90  
Office Supplies   $472.33  
Payroll Expenses   $31,575.88 *
Property Taxes   $1,535.53  
Repairs and Maintenance   $4,726.90  
Supplies   $1,652.21  
Taxes - Property   $1,557.28  
Telephone Expenses   $2,859.23  
Utilities   $2,938.88  
Water   $2,885.04  
Total Expenses   $101,961.23  
Net Income   $103,238.77  
       
* Assumes Owner will work at the facility      
• Based on information provided by the Seller. Buyers must verify alll information as part of their due diligence