Retirement Home, Daycare, Residential Apartments & Land
Location Ontario,Canada
Asking Price Range $2.5M - $5.0M
Gross Revenues $710000
Net Profit / Cash Flow $350000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1983
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Reason for Sale Retirement.
Description This facility operates as a Retirement Home and a Licensed Commercial Daycare and also has residential apartments on the site. Although situated next door to an expanding commercial and residential area it provides a large scenic landscape and beautifully maintained grounds. Very cozy, comfortable country home setting within the city limits. City sewer and water is currently underway and will be completed in early 2010. The home has been privately owned for 25 years and the owner wishes to retire. The facility is currently managed by an employee and overseen by the owner. An owner/operator team could really maximize on return. This would also be ideal for someone who wishes to expand the current operation into the vacant lands. The main, mixed use, building has a total area of 14,300 sq ft with two additional 2,165 sq foot and 685 sq ft free standing buildings. There are 8.67 acres in total. The extremely profitable daycare could be expanded with very little capital costs into the 2,165 sq foot building that has been partially finished for its use. The retirement home could be expanded into the substantial owner's quarters and longer term expansion could include new buildings on the vacant land for modern retirement living with a country style setting. The current zoning is Institutional which permits: auditorium, cemetery, church, nursery, public or private school or any public use. 6.17 acres of the site remains vacant. For further information on this Retirement Home and Daycare for sale, email or contact Robert Mitchell at 519-820-9043.
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