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Generic photo to protect the privacy of residents
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 |
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| 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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