25-35 BEDS CHO HOME - $2,300,000

Generic photo to protect the privacy of the residents

GOVERNMENT FUNDED

Previously known as a Home for Special Care. Now called Community Housing with Opportunity.

Located 1 hour from the GTA in a prime real estate location. Opportunity for expansion.

  PROFORMA    
  Based on 2018 financial statements    
       
TRADE SALES 2018  
  Ministry of Health and Long-Term Care funding $478,561.00  
  Private resident care fees $32,430.00  
  One time funding $14,497.00  
    $525,488.00  
       
OPERATING EXPENSES    
  Advertising and promotion $1,612  
  Business taxes, licenses and memberships $612  
  Insurances $9,950  
  Interest and bank charges $2,000  
  Meals and entertainment $2,389  
  Office $2,000  
  Professional fees $6,925  
  Property taxes $7,077  
  Repairs and maintenance $10,405  
  Resident food $42,088  
  Resident household supplies $8,406  
  Resident other $1,090  
  Salaries and Wages $210,627 *
  Telephone $3,000  
  Training $1,981  
  Travel $1,000  
  Utilities $17,615  
  Vehicle $2,000  
TOTAL EXPENSES $330,777  
       
INCOME BEFORE INCOME TAXES $194,711  
       
  Based on information provided by the Seller.
Buyers must verify all information.
   
  * Does not include owners salary ($65,000 per annum)