All Forum Posts by: Adam Loeb

Located in Augusta, GA. 

Licensed for 18 clients, has operated as a personal care home for the past 25 years.
Facility sits on 3 acres .

The sale includes facility, land, 2 mobile homes (double wide 3 /1 and single wide 2 /1), 12 person van, all furniture, all beds, linen, towels, three refrigerators, a deep freezer, washing machine and dryer.
Property is very clean and recently renovated. There’s a dedicated, caring, very family oriented staff requesting to stay.

Possible strategy: trade labor for rent using the mobile homes, your payroll will substantially diminish, when an employee calls out, all shifts will be covered.
The home is a VA accredited facility and can accept Vets, private pay and CCSP / SOURCE clients (Medicaid Waiver program, pays $2,465 per person, per month). This is a $540,000/yr business.
New owner can incorporate a transportation service utilizing the van along with other vans and gross an additional $125K/yr.
A sub-million dollar clean, recently renovated personal care home, 2 mobile homes on 3 acres of land is unheard of.
Priced for a quick sale.

Link: https://www.loopnet.com/Listing/1125-Piney-Grove-Rd-Augusta-...

$795K

And I'm not too sure what a bond is supposed to do..

I hired a guy to do some work for me and was giving him weekly draws, including $20k as a deposit. He'e been paid $70k so far. Hes licensed in GA but not in SC (where the work is), so he's' working under a SC licensed GC

While work was going, we got a stop work order from the city (apparently the actual GC didn't pull the correct permits), we resolved it by getting an architect. 

Now that works about to restart he says something to the effect of "I'm no longer interested."

I have a contract with him and he has a bond.

I want to avoid paying lawyers and having this drag out... Can I somehow sue the bond to get the money back?