|
Generic photo to protect the privacy of residents
40 BED GOVERNMENT SUBSIDIZED CHO 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. |
| PROFORMA | |
| TOTAL INCOME RECEIVABLE | |
| CHO beds | $750,327 |
| PRIVATE beds | $140,400 |
| GROSS INCOME | $890,727 |
| 10% Vacancy | $89,073 |
| NET REVENUE | $801,654 |
| EXPENSES | |
| Salaries and Wages | $336,500 |
| Insurance | $9,992 |
| Utilities | $48,124 |
| Admin | $7,650 |
| Supplies | $7,412 |
| Property Tax | $10,800 |
| Repairs and Maintenance | $12,500 |
| Snow Removal | $2,500 |
| Professional Fees | $1,400 |
| TOTAL EXPENSES | $436,878 |
| NET INCOME (EBITDA) | $364,776 |
| **Information provided by the Seller. | |
| Buyer must verify all information | |
