27 BED HOME FOR SPECIAL NEEDS - KITCHENER - $1,600,000

 

 

 

 

Established 27 bed home for special needs in Kitchener core serving ambulatory clients with emotional and intellectual disabilities.

 

Fully occupied and all residents have their rent paid directly by government agencies.

 

Newly renovated facility with sprinkler system installed. New kitchen and dining area for 28 resident.

 

Parking for 16 vehicles. this is a very stable and high demand business and facility due to prime location and highly desirable reputation.

 

Owner willing to stay through transition and will assist in planning and training with new owner. Owners retiring.

 

Great opportunity for entreprenuerial social worker or personal support worker to operate and generate great income or for an investor with experience in overseeing care or health businesses.

 

Asking $1,600,000

 

27 BED HOME FOR SPECIAL CARE - KITCHENER
PROFORMA - 2015-2018
               
  2015   2016   2017   Potential 2018
REVENUE TOTAL $333,461.00   $393,067.00   $417,846.00   $454,000.00
               
EXPENSES              
     Utilities $16,651.00   $18,121.00   $19,000.00   $19,475.00
     Insurance $4,087.00   $10,029.00   $5,750.00   $5,894.00
     Cable/Phone $7,232.00   $9,153.00   $7,421.00   $7,607.00
     Food and Supplies  $50,000.00   $54,261.00   $61,000.00   $62,220.00
     Property Taxes $6,800.00   $7,951.00   $6,700.00   $6,834.00
     Maintenance $4,800.00   $2,782.00   $2,900.00   $2,958.00
     Meals and Entertainment $1,302.00   $1,867.00   $1,628.00   $1,668.00
     Auto and other $12,791.00   $7,181.00   $15,600.00   $10,000.00
EXPENSES TOTAL $103,663.00   $111,345.00   $119,999.00   $116,656.00
               
SALARIES AND EXPENSES              
     Staff $42,255.00   $47,971.00   $56,670.00   $100,000.00
     Manager $0.00   $0.00   $0.00   $75,000.00
SALARIES AND EXPENSES TOTAL $42,255.00   $47,971.00   $56,670.00   $175,000.00
               
NET OPERATING INCOME $187,543.00   $233,751.00   $241,177.00   $162,344.00
               
Note: Based on Information provided by Seller. Buyers must verify all information.