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PROFORMA |
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Based on 2018 financial statements |
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| TRADE SALES |
2018 |
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Ministry of Health and Long-Term Care funding |
$478,561.00 |
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Private resident care fees |
$32,430.00 |
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One time funding |
$14,497.00 |
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$525,488.00 |
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| OPERATING EXPENSES |
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Advertising and promotion |
$1,612 |
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Business taxes, licenses and memberships |
$612 |
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Insurances |
$9,950 |
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Interest and bank charges |
$2,000 |
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Meals and entertainment |
$2,389 |
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Office |
$2,000 |
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Professional fees |
$6,925 |
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Property taxes |
$7,077 |
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Repairs and maintenance |
$10,405 |
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Resident food |
$42,088 |
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Resident household supplies |
$8,406 |
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Resident other |
$1,090 |
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Salaries and Wages |
$210,627 |
* |
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Telephone |
$3,000 |
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Training |
$1,981 |
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Travel |
$1,000 |
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Utilities |
$17,615 |
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Vehicle |
$2,000 |
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| TOTAL EXPENSES |
$330,777 |
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| INCOME BEFORE INCOME TAXES |
$194,711 |
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Based on information provided by the Seller.
Buyers must verify all information. |
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* Does not include owners salary ($65,000 per annum) |
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