Want to buy a stake in an established, profitable service business in which the workers do everything they can to make customers happy? That proposition is being put forward by a group of Nevada entrepreneurs, led by lawyer Peter Perry and real estate developer Donald Clough, that is trying to attract investors for an unusual buyout. The target: Nevada's Mustang Ranch, the largest legalized brothel in the U.S.
A prospectus filed with the Securities and Exchange Commission notes that at the 27-year-old bordello, situated on two adjacent sites near Reno, more than 100 "independent contractors" generated $917,000 in profits last year...
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