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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 |
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2021 |
Revenue |
|
Rental earnings |
$582,175 |
Operating expenses |
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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 |
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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. |
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