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Generic photo to protect the privacy of residents
NORTHERN ONTARIO - COCHRANE
15 BED RETIREMENT HOME
Affordable, family owned and operated retirement home. Fully licenced with RHRA. Well maintained modern building. Great opportunity for a person who appreciates small town living.
| PROFORMA |
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| Revenue |
$385,200 |
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| 7% Vacancy |
$26,964 |
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| Net Revenue |
$358,236 |
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| Expense |
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| Cable (TV) |
$4,020 |
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| Car Insurance |
$3,000 |
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| Car Maintenance & Gas |
$5,100 |
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| Employee Wages |
$78,719 |
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| Food |
$60,480 |
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| Home Insurance |
$9,600 |
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| Licenses |
$2,046 |
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| Maintenance |
$17,400 |
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| Marketing |
$888 |
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| Municipal Taxes |
$6,720 |
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| Office Supplies |
$2,340 |
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| Supplies |
$22,800 |
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| Telephone |
$3,120 |
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| Utilities |
$12,600 |
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| Total Expense |
$228,833 |
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| Net Operating Income |
$129,403 |
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| CAP Rate |
25% |
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| • Assumes Owner will work at facility |
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| • Based on information provided by the Seller. Buyers must verify alll information as part of their due diligence |
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