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RV Park, Race Track and Restaurant

IA

Seller Financing Available
RV Park, Race Track and Restaurant
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Asking Price: $1,950,000

Cash Flow: N/A

Gross Revenue: $479,295

EBITDA: N/A

FF&E: $544,932

Inventory: $4,500*

Real Estate: $900,000

Established: 1995

*not included in asking price.

RV Park, Race Track and Restaurant

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Business Description

Own a Race Track

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.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
2 FT / 10 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
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 is seeing a 25% increase in revenues in 2016.
Growth & Expansion:
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
Financing:
$975k down/$975k for 60 mos. @ 6%
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.
Reason for Selling:
Owner is Retiring.
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Michael Rooney

Business Listed By:
Mike Rooney

Murphy Business & Financial Corporation

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