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Generic photo to protect the privacy of residents
30 HSC LICENCED BEDS NOTE FANTASTIC
Well-established Residential Care Home with a secure Ministry of Health HSC (Home for Special Care) Licence. This Ministry of Health program has been operating for 50 years. In addition, the Home has a contract with the local government to provide subsidized accommodation under the Provincial Housing with Support program. Most residents are long term. This is a turnkey operation with a full staff and an administrator in place. The Home is on a large lot with potential for expansion.
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| 2017 PROFORMA | |||
| INCOME | |||
| Based on 32 Clients (32 x $51.11 per diem x 365) | $596,964 | ||
| EXPENSES | |||
| Food | $58,000 | ||
| Heat / Gas / Hydro | $18,000 | ||
| Insurance | $9,800 | ||
| Recreation & Entertainment | $500 | ||
| Maintenance and Repairs (building) | $17,000 | ||
| Maintenance and Repairs (Equipment) | $5,000 | ||
| Vehicle Expenses | $6,000 | ||
| Client Expenses Re-imbursable Transportation Fee | $1,000 | ||
| Professional Fees | $5,000 | ||
| Cleaning & Supplies | $8,000 | ||
| Office Expenses | $2,500 | ||
| Advertisement and Promotion | $3,500 | ||
| Salaries & Benefits | $220,000 | ||
| Property & Business Taxes | $13,000 | ||
| Telephone & Internet | $6,500 | ||
| TOTAL EXPENSES | $373,800 | ||
| NET OPERTATING INCOME | $223,164 | ||
| Information provided by the Seller. Buyers to confirm all information. | |||
| Includes Salary for a full-time onsite administrator | |||
| Does NOT include Owner's salary or dividends | |||
