17 BED - Housing With Support - Ottawa - $990,000

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BRIGHT, FULLY UPDATED

HOUSING WITH SUPPORT FACILITY

Newer roof; newer commercial kitchen; newer flooring; renovated bathrooms; a pleasure to show. Walking distance to downtown.

PROFORMA  

Based on normalized 
2019 financial statement

 
   
       
REVENUE    $336,696   
EXPENSES      
Advertising & Promotion    $500   
Bad Debts    $1,000   
Bingos, birthdays and entertainment  $670   
Food and Supplies    $53,226   
Insurance    $8,058   
Utilities    $14,331   
Interest and Bank Charges  $1,500   
Miscellaneous    $1,991   
Office Espenses    $1,092   
Professional Fees    $2,147   
Property and Business Taxes  $5,113   
Repairs and maintenance - Building  $5,000   
Repairs and Maintenance - Equipment  $2,000   
Salaries and Benefits    $162,938   * 
Telecomminications    $2,000   
Training    $441   
Travel    $2,000   
TOTAL EXPENSES    $263,507   
       
NET OPERATING INCOME    $73,189   
       
       
* = Includes Owner's pay      
Based on information provided by the Seller.  
Buyer should verify all information independently.