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Generic photo to protect the privacy of residents
16 HSC LICENCED BEDS 38 CITY CONTRACT BEDS
NOTE 10% CAP RATE!!
Well-established Residential Care Home with secure Ministry of Health HSC (Home for Special Care) Licence. This Ministry of Health program has been operating for 50 years. In addition, the Home has a contract with the local government to provide subsidized accommodation under the Provincial Housing with Support program. Most residents are long term. This is a turnkey operation with a full staff and an administrator in place. |
| 2016 PROFIT & LOSS (Normalized) | |||||
| 53 BED HOUSING WITH SUPPORT FACILITY |
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| OTTAWA AREA | |||||
| 2016 | 2015 | ||||
| REVENUE | $943,335 | $913,586 | |||
| EXPENSES | |||||
| Recreational Activities | $15,803 | $4,777 | |||
| Fees | $854 | $730 | |||
| Insurance | $10,713 | $10,593 | |||
| TV Cable | $3,638 | $2,415 | |||
| Utilities | $38,222 | $44,771 | |||
| Mainenance & Repairs | $27,071 | $38,368 | |||
| Supplies | $13,810 | $18,524 | |||
| Office supplies | $1,863 | $1,290 | |||
| Accounting Fees | $1,969 | $2,732 | |||
| Travel | $171 | $353 | |||
| Bank Fees and Interest | $2,731 | $3,353 | |||
| Food | $124,542 | $122,207 | |||
| Advertising | $792 | $785 | |||
| Wages and Benefits | $439,934 | $447,656 | |||
| Property Tax | $12,826 | $13,196 | |||
| Telephone | $2,399 | $1,502 | |||
| TOTAL EXPENSES | $697,338 | $713,252 | |||
| NET OPERATING INCOME | $245,997 | $200,334 | |||
| Information provided by the Seller. Buyers to confirm all information. | |||||
| Owner's salary is not included. | |||||
