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RV Park, Race Track And Restaurant For Sale

Iowa, US
Asking Price:
$1,950,000 (USD) Furniture / Fixtures included
Sales Revenue:
$479,295 (USD)
Cash Flow:
Available on request

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.

Property Information

Real Estate:

Lease

Premises Details:

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.

Business Operation

Expansion Potential:

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 / Market:

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.

Reasons for selling:

Owner is Retiring.

Trading hours:

Saturday-Sunday

Employees:
2 FT / 10 PT
Years established:
21

Other Information

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.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$975,000 down/$975,000 for 60 mos. @ 6%

Furniture / Fixtures value:
$544,932 (USD) - included in the asking price

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