Income Producing Opportunity

Reno, NV (Washoe County)

Income Producing Opportunity

Asking Price:$795,000

Cash Flow:N/A

Gross Revenue:N/A




Real Estate:N/A


Income Producing Opportunity

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Business Description

Bankruptcy Sale - Assisted Living Facility

The business is separately for sale for $50,000. This purchase will include all the Assets and Goodwill of Gler, Inc. including St. Joseph Care Home, good will, two vehicles, machinery, equipment, inventory, consumables, linens, kitchenware, housekeeping, food inventory and all personal property.

For a minimum investment of $50,000 an investor will be purchasing a profitable Group Care Home Business called St. Joseph Care Home. The business is currently netting $6,500 per month. This is an exceptional return for an investor; however, there are 53 beds to be rented and only 42 beds are rented at this time. This give an investor the opportunity to double their profits. St. Joseph Care Home has been in business for over 12 years and maintains a good base cliental. Most of the residents rent are paid through contracted vendors such as Northern Nevada Adult Mental Health Services and the County of Washoe. Landlord will provide the new business owner with a new 10 year lease with two 5 year options to extend. This is a good opportunity to get into the expanding healthcare industry and help a community. Lastly, $9,000 of the $50,000 investment will be allocated to a security deposit on the new lease.

Buyer should have good credit and have experience working with geriatric and mentally challenged people as well. Experience in operations of a residential care facilities is important as well.

Detailed Information

Real Estate:
Included in asking price
Building Sq. Ft.:
Currently Operating, 53-bed assisted living facility located in Reno, NV. The building itsemf is approximately 10,000 SF in size and sits on a 30,659 SF lot.
Reason for Selling:

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Business Listed By:
Peyton Sutton

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