RETIREMENT HOME - OTTAWA AREA - LIST $1,450,000 - UNDER CONTRACT

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This immaculate Domiciliary*/Retirement Home has 26 bright spacious suites with full ensuite bathrooms. And could accommodate upto 52 semi-private beds. There are large common areas and a beautiful courtyard garden for the enjoyment of the residents.

The owner wishes to retire and cannot give this facility the full marketing attention required to maximize the available acccommodation. Ideal family business with an enthusiastic owner to take this facility to the next level.

*Now known as a Housing with Support facility.

Proforma - Retirement Home
     
    ProForma
2019-2020
     
Revenues   $689,292
     
Cost of goods sold    
Food and supplies   $70,113
Health care services   $40,149
Salaries and benefits   $280,788
Total Direct costs   $391,050
     
Gross Profit   $298,242
     
Operating Expenses    
Advertising and promotion   $3,227
Equipment rental   $50
Insurance   $6,946
Light, heat and power   $51,600
Meals and entertainment   $2,045
Memberships and licenses   $2,778
Office   $7,067
Professional fees   $3,145
Property Taxes   $6,498
Repairs and maintenance - buildings   $20,000
Supplies   $12,598
Telecommunications   $4,575
Vehicle   $4,508
Total Operating Expenses   $125,037
     
Income Before Income Taxes and Financing   $173,205
     
     
ALL INFORMATION PROVIDED BY THE OWNER. 
BUYER MUST VERIFY ALL INFORMATION INDEPENDANTLY.
*Revenues based on 32 Bed occupancy as of May 2019
*Salaries and benefits based on May 19, 2019 payroll