26 SUITES - UP TO 52 BEDS - RETIREMENT HOME - OTTAWA AREA - LIST $1,450,000

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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.

Statement of Operations 2014
(Normalized Proforma)
For the year ended July 31 2014
Revenues $600,642.00
Direct costs  
    Direct wages $261,689.00
    Food and supplies $54,202.00
    Health care services $41,965.00
  $357,856.00
Gross Margin $242,786.00
Operating Expenses  
    Advertising and promotion $767.00
    Equipment rental $425.00
    Insurance $5,575.00
    Light, heat and power $51,913.00
    Office $2,789.75
    Memberships & Licences $2,900.00
    Professional development $777.00
    Professional Fees $3,200.00
    Property and business taxes $6,257.00
    Repairs and maintenance - buildings $10,000.00
    Salaries and benefits - executive  - 
    Supplies $6,500.00
    Telecommunications $3,590.00
    Vehicle $2,000.00
  $96,693.75
Earnings before other expenses and income taxes $146,092.25
* Approximate values provided by the Owner. Buyer to verify.