50 BED CARE HOME - $3,000,000 - SW ONTARIO - SOLD

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  • Downtown location
  • 21,750 S.F above ground finished space
  • Built to institutional standards
  • Close to 0.9 acres
  • Great potential for the right Buyer

 

PROFORMA 2022

50 Bed Care Home

 

 

Income

$798,000

 

 

Expense

 

Business Taxes, Licenses and Memberships

$500

Insurance

$36,000

Interest and Bank Charges

$1,007

Office

$12,381

Professional Fees

$3,599

Property Taxes

$10,008

Repairs and Maintenance

$60,000

Salaries and Wages

$360,000

Supplies

$78,201

Telephone

$3,098

Travel

$1,069

Utilities

$35,444

Total Expense

$601,307

 

 

Income before Income Taxes

$196,693.00

 

 

*Information provided by Seller.

 

Buyers must verify all information.