We haven't invested, but got close to funding someone who wanted to acquire one. They were cagey about the numbers, so we talked to the owner and got them directly from him.
The way to make money is to put as many people in as possible, pay the staff as little as possible, and spend as little on food as possible.
The owner did this successfully, because he:
--had two people in each bedroom
--had two staff people who he paid $12/hr
--had the food down to a science. He got food from the food bank, the Stouffer's outlet, some other kind of subsidy, so it was super cheap.
If you're thinking about investing in one, I'd ask to see the numbers and scrutinize them very carefully. I would want to see someone who has a pretty significant track record of success. Staffing is the biggest wild card, and in today's environment...that's a big one. --174.96.xx.xxx