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40 BED GOVERNMENT SUBSIDIZED HWS 10% CAP RATE Great opportuinity for a very profitable family business situated on 10 acres 15 minutes from an urban centre. Would suit a family seeking country style living while building a profitable, rewarding people care business. The 10 acre property includes the 40 bed residential care home and a separate single family home within a short walk to the care home. There would be minimal living expenses for an onsite owner and most of the business profits could be used to build equity. |
| 2021 PROFORMA | ||
| REVENUE | ||
| CHO Tenants (40@$1,700.25/mth) | $816,120 | |
| Single room bonus | $15,129 | |
| GROSS INCOME | $831,249 | |
| 10% Vacancy | $83,125 | |
| NET REVENUE | $748,124 | |
| EXPENSES | ||
| Food | $52,000 | |
| Insurance | $12,000 | |
| Licence/Taxes | $645 | |
| Office | $6,000 | |
| Professional Fees | $2,500 | |
| Property Tax | $10,800 | |
| Repairs & Maintenance | $13,000 | |
| Supplies | $8,000 | |
| TV/Telephone/Internet | $6,000 | |
| Utilities | $34,000 | |
| Wages & Salaries | $280,000 | * |
| TOTAL EXPENSES | $424,945 | |
| (NOI) EBITDA | $323,179 | |
| *see schedule | ||
| Information provided by the Seller. Buyers must verify all information. |
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