Ontario Seniors Residence

Not Disclosed, Ontario

Asking Price: Annual Revenue:
$2,500,000 $777,906

Services: Hotel, Motel, Lodging

Request More Information
Contact the Seller

RE: Ontario Seniors Residence Broker: Gordon Schofield

Quick Facts

Asking Price: $2,500,000
Annual Revenue: $777,906
Net Profit: Not Disclosed
Cash Flow: $298,709
Total Debt: Not Disclosed
FF&E: $89,782
Real Estate: $1,184,799
Year Established: 1992
Employees: 15
BBN Listing #: 24484955
Broker Reference #: 9105-17162

Email or Print Listing

Request More Information
Contact the Seller

Business Overview:

This is a very successful mid-size senior's residence in Ontario with an excellent reputation. It provides meals and lodging but not health care services on site. Total square footage exceeds 14,000 square feet. Common areas include a dining room, sunroom, library TV / Exercise room, a hair salon plus landscaped garden areas and paved sidewalks. There is an opportunity to increase room rates as tenant turnover occurs, since current rents are below market rates.

Monthly rental is all inclusive including accommodation, utilities, food, laundry, housekeeping, and TV. Residents enjoy three meals a day in the fully renovated dining room. A full schedule of activities including crafts, games, and exercise classes, is offered each month.

The business is being sold with the Real Estate - land and buildings that are valued at $1.7 Million within the total listing price based upon a 2021 appraisal. This is an increase to the book value of land and real estate of $983,783, as at YE FY2021.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The total facility exceeds 14,000 square feet on over 1.25 acres. A 4 story addition is permitted under current municipal guidelines. The facility is well located and is steps to local waterfront and in town shopping areas for those residents who want to make the short excursions. Assets = $1,274,581

Market Competition and Expansion:

There are a number of seniors residences offering a variety of services within 100km or 30 minutes. Most charge higher monthly rents and are more expensive than this one. Potential for growth is primarily through real estate / facility expansion. Revenue can be increased via monthly rental rates consistent with tenant turnover.

Reason for Selling:

The owners have decided to retire.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

Request More Information
Contact the Seller

BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!