20 BED CARE HOME - EASTERN ONTARIO - $1,500,000 - UNDER CONTRACT

Generic photo to protect the privacy of residents

12% CAP RATE

 

• Well established Care Home

• Fully Government funded with NO VACANCIES

• Turn key operation

• Expansion possibilities

• Large Lot

• Urban location

PROFIT & LOSS
     
Revenue   $418,000.00
Expenses    
Accounting   $1,000.00
Food & Supplies   $43,360.43
Garbage Disposal   $237.87
House Insurance   $5,807.16
Office Expense   $1,500.00
Professional Fees   $3,000.00
Property Tax   $7,634.12
Repair and Maintenance   $3,948.49
Salary   $157,766.12
Telephone/Cable/Internet   $3,858.20
Utilities   $9,032.82
Vehicle Expenses   $3,000.00
Total Operating Expenses   $240,145.21
     
Net Operating Income   $177,854.79
     
* Based on 2021 data.