Established Speedway & Entertainment Center for sale in Southern, CA

Business Summary:
This entertainment facility cost $5.3M to construct and the cost to replace it is estimated to be $15M+. The owner has 19-1/2 years remaining on their 20 year rental agreement. The 18 acre facility, plus 3,500 parking spaces, has 8,000 grandstand seats, two corporate suites and eight concession areas. With only one employee the Company’s overhead is low. The business has several sources of income including from: ticket sales, billboard & facility sponsorship’s, food and alcohol concessions, pit passes, entry fees, facility rentals, parking fees, souvenir sales and camping fees. The Company presents 25+ race nights on their half mile banked dirt track. Upside includes promoting or co-promoting outdoor concerts, festivals, car shows, rodeos and getting Motorsports Sanctioning Bodies to book additional races at the facility. Owners are committed to help the buyer learn the business model and help them expand the business.