How Do I Buy an RFG in Las Vegas?

What will it cost?

The operating business is assessed from verified normalized earnings and current market evidence, with the real estate analyzed separately when included. Working capital and transition costs sit on top of the purchase price.

Do I need care experience?

Sellers and the state both look at it. An owner without direct care experience usually needs a qualified administrator in place, and lenders look at the same question.

What order do the steps go in?

Budget and financing, confidentiality agreement, facility review, offer with a licensing contingency, due diligence and licence application in parallel, then transition planning before closing.

• Confirm funds and financing capacity
• Sign the confidentiality agreement and review the offering memorandum
• Tour the facility discreetly, outside resident routines
• Submit an offer with licensing and due diligence contingencies
• Begin your Nevada licence application immediately on acceptance
• Verify financials, census, payroll, resident agreements and inspection history
• Inspect the property and review the lease or purchase terms
• Plan staff retention and resident communication before closing

What is the biggest mistake buyers make?

Starting the licence application late. Everything else can be worked around; an approval that begins after due diligence closes delays the entire transaction.