9-BED DOMICILIARY HOME - TILLSONBURG - LIST $560,000 - SOLD

9 BED DOMICILIARY HOME

Licenced for 8 beds with the County of Oxford. 1 private bed and full separate apartment for live-in staff or owner operator.

Occupants are long term and payment is via Oxford County and other Government agencies.

This facility generates a Net income of $70,000 per year, full staffed for the current "Hands-off" owner.

 

Profit & Loss PRO FORMA
   
INCOME  
    8 county beds x $47.75 per diem x 365 $139,430.00
    1 private bed x $1,500 p.m. x 12 $18,000.00
    Gross Income $157,430.00
    Less 10% Vacancy $15,743.00
EFFECTIVE INCOME $141,687.00
   
EXPENSES   
    Food $9,795.27
    Wages $36,600.00
    Utilities $9,262.44
    Insurance $3,714.12
    Taxes $2,641.90
    Supplies $1,350.46
    Maintenance/Repairs $612.25
    Furniture/Appliances $924.25
    Office Expenses $141.13
    Car Maintenance/Insurance $730.91
    Prof. Fees $280.00
    Bank Charges $270.37
    Other $39.49
Total Operating Expenses $66,362.59
   
NET OPERATING INCOME  $75,324.41