15 BED GROUP HOME - $425,000 - SOLD

GREAT OPPORTUNITY
for a “HANDS-ON”
OPERATOR

This is a fully legal 15-bed Group Home, which complies with zoning, fire and health regulations.

There is a viable opportunity to increase gross income and obtain subsidies from local Government and Social Agencies.

For more information see www.realtor.ca and search for #594096

 

 

PROFIT & LOSS 2015
 
Income    
     Room and Board   $145,394.00
Expenses    
     Property Taxes   $3,881.53
     Water   $1,572.00
     Wages*   -
     Bank Fees   $2,823.07
     Property Insurance   $3,776.22
     Groceries   $19,205.03
     Auto Expenses   $6,424.81
     Utilities   $12,352.30
     Maintenance   $5,203.57
     Supplies   $1,747.33
     Client Expenses   $748.69
Total Operating Expenses   $57,734.55
     
Net Operating Income   $87,659.45
     
Note: No wages shown. P&L assumes live-in Owner/Operator provides 24 hour coverage    
* Information supplied by owner. Buyer to verify.