71 SUITE GOV'T SUBSIDISED HWS FACILITY - $3,700,000

Generic photo to protect the privacy of residents

 

This award winning, very stable, government subsidised housing with support facility business is located in Eastern Ontario with a transferable professional management team in place allowing the current owner to spend lots of time abroad. 

 

The business has been nurtured into a successful operation with a reputation of excellent service for the residents, providing government officials the confidence to place clients in this facility thus keeping the facility at near capacity. The staff and management are dedicated and are proud of their work and reputation in the community. 

 

The facility is well maintained and all the structural, electrical and mechanical components are in good condition and there are no current major maintenance issues. 

 

Nearly all the residents have private rooms and there is land and zoning available for an additional 18 suites or more. 

This business opportunity is not only financially profitable, it can also be rewarding because you are providing vulnerable persons in the community with quality life. 

 

The owner is hoping that the operation will pass into the hands of persons who will care about the residents and staff. This will ensure the continuing success of this business and its valuable contribution to the community.

 

2019 Proforma

 

 

 

Revenue

 $1,328,523

 

 

 

Operating Expenses

 

 

Salaries and Employee Benefits

 $487,982

 

Food

 $169,574

 

Cable

 $3,725

 

Insurances

 $22,343

 

Taxes, Water and Permits

 $62,808

 

Maintenance and Repairs

 $75,044

 

Heating and Power

 $44,720

 

Travel

 $3,902

 

Advertising and Entertainment

 $1,956

 

Supplies

 $28,485

 

Telecommunications

 $14,486

 

Legal and Accounting

 $20,760

 

Snow Removal, Sanitation

 $9,096

 

Interest and Bank Charges

 $2,469

 

Residents Tasks

 $11,723

 

 

 

Total Expenses

 $959,069

 

 

 

Net Earnings

 $369,455

 

Based on information provided by the Seller. Buyers must verify all information.

Proforma pro-rated from the August 31, 2019 Income Statement