50-60 BED RESIDENTIAL CARE HOME - $4,200,000 - EASTERN ONTARIO

Generic photo to protect the privacy or residents

 

10% CAP RATE

  • Thriving government subsidized business
  • Grossing over $1M per year
  • Building on prime real estate
  • No risk business
  • Financing available

 

PROFORMA
   
REVENUE  
Goods and Services $1,100,000
OPERATING EXPENSES  
Food supplies $110,000
Insurance $30,000
Interest and Bank Charges $2,350
Meals & Entertainment $754
Office Expenses $1,149
Professional Fees $5,000
Repairs and Maintenance $10,000
Resident Recreational Activities $2,500
Salaries and Wages $442,754
Supplies $7,261
Taxes and Licenses $18,621
Travel Expenses $4,000
Utilities $39,132
TOTAL OPERATING EXPENSES $673,521
INCOME BEFORE INCOME TAXES $426,479
   
• Based on information provided by the Seller. Buyers must verify alll information as part of their due diligence