LOL Lex, expert....
Just a research'ologist lets just say that ok?
Anyway, the bad news, yes IMO its bleached, moderate to severe IMO. I cant see the foot but hopefully it has some dark coloration to it.
The good news, I believe that is a rose bubble tip, and depending on how much you paid for it, you may have scored a sweet little animal.
The work involved, if your water chemistry is spot on, your lighting is sufficient, and you are not opposed to added TLC, I believe your anemone can make a good recovery. Spot feeding every 3 days or so, marine diet and raw, silver side, clams, shrimp, mysis, cyclops... I would suggest multiple small pieces , stuff you can suck up in a turkey baster, squirt it into its tenticles close to its mouth. Soaking the food in selcon or superselco may help, this will add omega 3 fatty acids and vitamins to the food. Your anem is lacking zooxanthellae from not having enough light. Feeding will help keep its immune system healthy while restoring the zooxanthellae back into its system.
I would also keep a close eye on the maroon as mentioned by Lex, an already weak anemone will not fare well to an overly aggressive clown. HTH, and good luck.