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 |
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REVENUE |
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Goods and Services |
$1,100,000 |
OPERATING EXPENSES |
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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 |
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• Based on information provided by the Seller. Buyers must verify alll information as part of their due diligence |
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