58 BED RETIREMENT HOME - $4,400,000 - UNDER CONTRACT

Photos are generic to protect the privacy of residents

 

These well maintained facilities have a full management team in place.

Located in South West Ontario, 1.5 hours from the GTA.

Profit & Loss
RETIREMENT HOME 
   
RENTAL INCOME:  $1,401,240.00
EXPENSES:  

Vacancy (5%): 

$70,059.00

Wages And Benefits: 

$670,361.00

Groceries: 

$116,243.00

Utilities: 

$64,815.00

Repairs & Maintenance: 

$69,434.00

Property Insurance: 

$16,955.00

Property Real Estate Tax: 

$16,056.00

Telephone: 

$7,483.00

Membership Fees: 

$7,942.00

Office Fees: 

$5,597.00

Supplies: 

$9,805.00

Entertainment: 

$4,801.00

Uniforms: 

$2,400.00
TOTAL EXPENSES:  $1,061,951.00
NET OPERATING INCOME:  $339,289.00

 

*Information provided by the Seller

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