30 BED HOME CARE BUSINESS - $1,900,000 - SW ONTARIO 9% CAP RATE - UNDER CONTRACT

Generic photo to protect the privacy of residents

 

  • Currently has 24 residents.
  • Zoned and licensed for 30 beds.
  • Large lot, possible addition.
  • Vacant 2 bedroom apartment that could be used by owner operator.
  • Turn-key operation. Fully sprinklered.
  • Business operating since 1988

 

PROFORMA
30 Bed Care Home
   
Income (24 Beds x $1,300 x 12) $374,000
   
Expense  
Bank Charges and interest $1,176
Insurance $11,796
Office and General $5,426
Professional fees $5,998
Property Taxes $11,287
Repairs and Maintnance $7,846
Supplies $32,832
Salaries & Wages $92,609
Telephone $4,643
Utilities $20,301
Vehicles Expenses $3,000
Total Expense $196,914
   
EBITDA (NOI) Income $177,086.00
   
*Information provided by Seller.  
Buyers must verify all information.