SOURCE: Sunstock, Inc.
March 08, 2017 09:00 ET
SACRAMENTO, CA--(Marketwired - Mar 8, 2017) - Sunstock, Inc. (the "Company" or "Sunstock") (OTCBB: SSOK) announced the opening of its No-Frills Rehabilitation Housing Division.
Sunstock's business strategy combines income producing real estate properties with investments in precious metals. The management team with over 20 years of hospitality industry experience has identified a distinct need for clean, safe and affordable rehabilitation housing facilities. Management has developed a plan to implement a strategy to bring no-frills rehabilitation housing facilities to the California market and eventually expand nationally.
Sunstock is in the final stage of negotiating the acquisition of a hotel in California. After purchasing the hotel, Sunstock plans to convert the hotel to a no-frills rehabilitation housing facility that will provide a clean, safe room and transportation to clients enrolled in a substance abuse treatment program. Sunstock has hired a management team to oversee the hotel conversion to a no-frills rehabilitation housing facility.
Sunstock's research has discovered a high demand for these types of rehabilitation housing facilities in California. After the transfer of the hotel ownership, Sunstock forecasts this project will generate over 10 million dollars in gross revenue in the first 18 months. Sunstock believes that this revenue prediction is sustainable and will prove to be a successful pilot project and springboard to future growth.
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