30 BED SUBSIDIZED RESIDENTIAL CARE HOME - $2,300,000

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10% CAP RATE

EASTERN ONTARIO

 

  • Great family business.
  • Government subsidized.
  • You will be impressed by the quality of this purpose built facility.
  • Located in a prime downtown location with easy access to shopping and services.
  • Currently subsidized by the County.
  • Facility could meet RHRA infrastructure standards.

 

PROFORMA
 
  2021
Revenue  
Rental earnings $582,175
Operating expenses  
Insurance $8,434
Interest and bank charges $2,556
Management fee $2,715
Office expenses $2,430
Professional fees $2,486
Property tax $11,197
Repairs and maintenance $10,275
Salaries and wages $233,000
Supplies $54,000
Telephone and telecommunications $2,400
Utilities $25,182
Vehicle expenses $1,500
Total operating expenses $356,175
Income (loss) from operations $226,000
   
Proforma is an estimate of future performance based on 2021 financial data. Information is provided by the Vendor. Purchasers should verify all data provided as part of their due diligence.