18 BED RETIREMENT HOME CARE FACILITY - $990,000

Generic photo to protect the privacy of residents

 

WOODSTOCK

Immaculate “homey” Retirement Home in a quiet suburban setting. The Home is licensed by RHRA as a Retirement Home, and, has a contract with the City of Woodstock and County of Oxford to provide subsidized Housing with Support. Dual function ensures full occupancy. Ideal family business.

 

2017
PROFORMA
(Based on recent monthly financial statement)
     
REVENUE    
     Gross Revenue   $340,000 *
    10% Vacancy   $34,000
NET REVENUE   $306,000
Operating Expenses**    
     Advertising & Business Promotion   $340
     Office   $667
     Accounting   $600
     Licences   $7,071
     Insurance   $5,567
     Interest & Bank Charges   $3,123
     Legal Fees   $2,187
     Salaries & Wages   $106,532 ***
     Employer's portion of employee benefits   $7,214
     Meals & Entertainment   $1,210
     Maintenance   $4,619
     Property Tax   $5,121
     Food & Supplies   $27,312
     Telephone & Telecommunications   $3,088
     Subcontractor/Maintenance   $3,980
     Travel   $1,020
     Utilities   $9,636
     Vehicle Expenses    $4,255
Total Operating Expenses   $193,542
     
Net Operating Income $112,458
* Based on May 2017 rent roll
** Expenses based on 2016 financials
*** Does NOT include Owners time

* Information supplied by Seller. Buyer should verify all information.