Business Profile


❖ Award winning, well maintained, and healthy cashflow residential care homes business.
❖ The business consists of three residential care homes and a private residence.
❖ All three homes operate under the Housing with Related Support (HWRS) program managed by the Social Services Department of United County of Prescott Russell (UCPR).
❖ The per diem is established by the Council of elected officials of the UCPR and is currently at $55.50/ day and $1,683.12/ month.
❖ The business is well established in the community with enjoyable reputation.
❖ Stable and strong management organization with outstanding and dedicated employees.
❖ Professional Administration.

❖ Turn key operation mostly self managed


Financials


Total of 71 rooms. Currently 1 vacancy

Operating revenue $1.3 M

Total Expenses $930 K

NOI $360 K

Asking price: $4.5 M

1

❖ Right in the downtown, walking distance to all amenities.
❖ 200 meters from the shore of Ottawa River
❖ Central Heat (gas) and central air conditioning.
❖ New roof in 2015.
❖ 34 rooms with only two double occupancy.
❖ At least five more rooms are large enough to offer double occupancy.
❖ Outside gazebo.
❖ Rear and side balconies.
❖ Natural gas dryers, water heater and stove.
❖ Sprinkler exemption.

2

❖ All brick building.
❖ New section built in 2005.
❖ New roof in 2016 and 2017.
❖ New modern kitchen.
❖ Natural gas boilers / hot water heating, one of which is new in 2018.
❖ 20 rooms, 12 of which have complete bathrooms and 2 others
can have double occupancy with shared bathrooms.
❖ Staff bedroom.
❖ Recording cameras and monitoring system.
❖ Very large dinning and living room.
❖ Fireplace in dinning / living room.
❖ A/C in dinning / living room.
❖ Handicap access.
❖ Large front covered balcony and outside gazebo.
❖ Sprinkler exemption.

3

❖ All brick building.
❖ Large paved parking lot.
❖ Large covered rear balcony.
❖ Handicap access.
❖ Near all amenities.
❖ New roof in 2017.
❖ Back-up generator.
❖ Modern kitchen.
❖ Central vacuum.
❖ Natural gas dryer, water heater and stove.
❖ 17 rooms with two rooms large enough to offer double
occupancy.
❖ Large enough lot with potential for expansion – adding up to 18
more single rooms with complete bathrooms.
❖ Staff bedroom and Gymnasium.
❖ Storage Shed.
❖ Sprinkler exemption.

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