MergerPlace

RV Park, Race Track and Restaurant

Iowa


  • Asking Price: $433,138
  • Gross Income: $387,137
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $544,932
  • Listing ID: #195536
  • Established: 1995
  • Employees: 2 FT / 10 PT

Business Description

This is a premier race track located in the mid-west providing racing for professional drivers as well as the amateur racer. Track draws racers from six states on a weekly basis.


Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: Iowa

Company Information

Year Established: 1995
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 10 PT

Financial Information

Asking Price: $433,138
Gross Revenue: $387,137
FF&E: $544,932
Seller Financing Available: Yes

Property Information

Facilities:

Business is located on approximately 100 acres and has an RV park as part of the grounds which is included in the purchase price. All buildings and grounds are meticulously maintained. Track surface has been recently ground and polished to provide racers with the best possible racing conditions. Equipment is current and should not need to be updated for at least 5 years.

Growth & expansion opportunities:

The track is located in a prime area in the mid-west and continues to have new drivers weekly. The track has an infield parking and setup area that can be leased to the racers on a seasonal basis. Additional services and corporate sponsorship will provide more growth, opportunities and profits

Competition:

This track is considered to be one of the premier tracks in the area. As smaller tracks close the business is seeing double digit increases year over year and has become "the" track of choice for serious racers. Track saw a 25% increase in revenues in 2016 and another 10% in 2017.

Reason for selling:

Owner is Retiring.

Support & Training:

Will train for 2 weeks @ no cost. The buyer will need to be a good manager with operational skills that will transfer to running the race track. Understanding of racing and the race culture will be a plus for the buyer.

Contact Business Seller

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Business Listed By:

Michael Rooney

Murphy Business Brokers