Generic photo to protect the privacy of residents
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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. |
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2019 Proforma |
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Revenue |
$1,328,523 |
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Operating Expenses |
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Salaries and Employee Benefits |
$487,982 |
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Food |
$169,574 |
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Cable |
$3,725 |
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Insurances |
$22,343 |
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Taxes, Water and Permits |
$62,808 |
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Maintenance and Repairs |
$75,044 |
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Heating and Power |
$44,720 |
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Travel |
$3,902 |
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Advertising and Entertainment |
$1,956 |
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Supplies |
$28,485 |
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Telecommunications |
$14,486 |
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Legal and Accounting |
$20,760 |
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Snow Removal, Sanitation |
$9,096 |
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Interest and Bank Charges |
$2,469 |
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Residents Tasks |
$11,723 |
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Total Expenses |
$959,069 |
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Net Earnings |
$369,455 |
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Based on information provided by the Seller. Buyers must verify all information. Proforma pro-rated from the August 31, 2019 Income Statement |
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