15 BED DOM HOME - OWEN SOUND - LIST $749,000 - SOLD

Amazing immaculate 15 Bed Domiciliary Home. ALWAYS FULL. 1 1/2 hours north of Toronto. Large lot for future expansion. This is a very stable turnkey operation. Owner financing available - $749,000.

 

Profit and Loss Statement    
For the Year ending July 31, 2014    
     
  2014 2013
Revenue $272,381 $271,012
Expenses    

Insurance

$6,455

$5,787

Food

$21,980

$25,632

Office and General

$7,327

$5,177

Professional Fees

$375

$375

Repairs and maintenance

$2,842

$5,615

Property Taxes

$3,815

$3,535

Utilities

$10,069

$10,515

Wages

$98,000 $103,518
Total Expense $150,863 $160,154
Net Income $121,518 $110,858