18 BED RETIREMENT HOME CARE FACILITY - $1,020,000

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WOODSTOCK

Immaculate “homey” Retirement Home in a quiet suburban setting. The Home is licensed by RHRA as a Retirement Home, and, has a contract with the City of Woodstock and County of Oxford to provide subsidized Housing with Support. Dual function ensures full occupancy. Ideal family business.

STATEMENT OF INCOME AND RETAINED EARNINGS (NORMALIZED)
Based on Financial Statement from January 31 2017 to December 31, 2017
 
         
  2017    
Revenues        
Residents Payments $277,529      
         
Grant        
Oxford County Subsidy $48,671 $326,200    
         
Operating Expenses        
Advertising and business promotion $1,560      
Office $2,612      
Accounting $678      
Licences $1,295      
Insurance $5,837      
Interest and Bank Charges $531      
Salaries and Wages $154,745      
Employer's portion of employee benefits $10,011      
Maintenance $5,000      
Property Tax $8,858      
Supplies $34,780      
Telephone and Telecommunications $3,000      
Travel $1,000      
Utilities $11,777      
Vehicle Expenses $2,000      
Total Operating Expenses $243,684      
         
Income before Income Taxes and Financing   $82,516    
         
Note: Information provided by Seller, Buyers must verify all information

* Information supplied by Seller. Buyer should verify all information.