Retirement Home Eastern Ontario - $1,400,000

REVENUE

Rental and Care Revenue: $432,000

COST OF SALES

Purchases (Food & Supplies): $36,685
Wages*: $195,550
Sub-contract: $11,056

Total Cost of Sales: $243,291

GROSS MARGIN: $188,709

EXPENSES

Licenses and Memberships: $2,000
Insurance: $12,640
Office: $650
Professional Fees: $1,000
Property Taxes: $9,540
Repairs and Maintenance: $9,000
Telephone & Internet: $2,000
Utilities: $16,000

Total Expenses: $52,830

INCOME FROM OPERATIONS: $135,879

*not including owner's wages.