18+1 Suites Retirement Home - CAMPBELLFORD - $1,100,000 - UNDER CONTRACT

PROFORMA  
     
Revenue    
   Rents $360,000  
   10% Vacancy $36,000  
Net Gross $324,000  
     
Expenses    
   Salaries and Wages $72,000 *
   Supplies $29,698  
   Professional fees $2,825  
   Repairs and maintenance $10,247  
   Utilities $19,350  
   Advertising $5,948  
   Insurance $6,092  
   Office Supplies and expenses $6,180  
   Property taxes $9,550  
   Telephone, cable, internet $8,559 **
   Licensing fees $6,447 ***
Total Expenses $176,896  
     
Net Operating Income $147,104  
     
* Live-in night shift person has free rent  
**Telephone includes owners and wifes cell phones  
***Licensing fees include one time license
    regristration payment of $5450, future costs
    are $2,114.64/year
 
     
NOTE: Information provided by the Seller.   
Buyers must verify all information.    
     

 

For more information, click http://www.hillsideretirement.com/