30-40 Bed Care Home - 12% CAP Rate - Eastern Ontario - $2,500,000

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EASTERN ONTARIO

PURPOSE BUILT

30-40 BED CARE HOME

Fully Government subsidized

12% CAP RATE

Approved exspansion possibility

PROROMA
   
REVENUE $720,000
   
EXPENSES  
Accounting $1,695
Activity & Entertainment $2,634
Bank Charges & Interest $149
Cable/Internet $6,799
Deluxe Payroll $788
Elevator Expenses $250
Equipment (over $500) $8,000
Food & Supplies $54,313
Garbage Disposal $2,563
House Insurance $9,440
Machine Rental $1,695
Office Expenses $5,000
Property Tax $15,689
Registration $354
Repair and Maintenance $18,023
Salary $236,164
Security Alarm $1,774
Sub Labour $720
Telephone $394
Utilities $24,046
Vehicle Expenses $5,000
WSIB $2,839
TOTAL EXPENSES $398,328
   
NOI $321,673
   
**NOTE: Information provided by Seller. 
               Buyer must verify all information.