13 BED CHO HOME - 2HRS FROM GTA - $950,000

Generic photo to protect the privacy of residents

 

  • 13 Beds
  • 10 Government funded
  • 3 Private-Pay beds
  • Established relationship with community mental health agencies
  • Functional layout supporting resident care, including bedrooms, common living areas, dining space, kitchen, and support areas
  • Potential for future expansion
  • Apartment for Owner occupancy or live-in staff
Pro-forma
   
Revenue Annual  
Rent and Care Services - CHO Beds (10 beds)  $235,200.00
Rent and Care Services - Private Beds (2 beds) $42,000.00
Total Revenue  $277,200.00
   
Expenses  
Variable Expenses  
Food $35,000.00
Wages and Salaries $105,000.00
Utilities $14,000.00
Fixed Expenses  
Property Taxes $4,100.00
Maintenance $8,000.00
General and Admin $4,300.00
Insurance $6,100.00
Supplies $3,000.00
Total Expenses $179,500.00
   
EBITDA $97,700.00
   
CAP rate 10.28%