CANAAN SPEEDWAY TURNKEY BUSINESS OR FACILITY - BELOW COST ASPHALT TRACK

Transcription

1 CANAAN SPEEDWAY TURNKEY BUSINESS OR FACILITY - BELOW COST DIRT TRACK STAGING & PARKING AREA ASPHALT TRACK Ongoing business turnkey with all equipment and professional management in place. Improving financials. Could be profitable for owner/ operator. Many recent significant improvements, selling well below cost of assets and town assessed value. Central NH, four season recreation area. No zoning in town of Enfield for maximum flexibility for additional uses. Recently approved NASCAR facility. Includes 2 tracts, 8 Bldgs, grandstands and seating for 4000, concrete staging for 60 cars, new lighting, electrical system, concession stands, bathrooms, 5000 sf meeting hall, new metal inspection/compliance bldg and all equipment to run operation. 42 acres with frontage on NH Rt. 118, 15 min to Lebanon/Hanover NH Room for expansion or additional uses: drag, snowmobile, motorcross, go karts, etc. REAL ESTATE AND BUSINESS- $675,000

2 LOCATION MAP TAX MAP

3 ADDITIONAL INFORMATION AND FEATURES Area Central NH Between White Mtn National Park (20 minutes) and Upper Valley (Lebanon/Hanover- home to Dartmouth College and Medical Center) - 15 minutes Popular four season recreation area. 1 hour to most skiing in VT or NH, nearby lakes and hiking, numerous skimobile, x-c and hiking trails in region, popular rail trail (60 mile multi use trail) nearby, ATV park 1 mille away. Site 42 acres - all level and dry land, with river frontage Not in current use (no penalty if developing remaining land) Canaan has no zoning, use by site plan review. Perimeter fenced Each track has separate parking and entrance Ample road frontage Free standing sign on NH Rt. 118, on owned parcel of land Grounds Parking for racers for asphalt track and additional for dirt track, Site has held up to 1200 people at special events. Cement pads for 60 cars for asphalt track 2 oval tracks- 1/3m asphalt, 1/4m dirt Both tracks lighted and parking area and staging area, mostly done Seating 2500 asphalt, 1500 dirt (newer metal stands and wood grandstand) Electric upgraded, tripled service, placed in 2 new buildings Wiring - Substantial portion is underground, most is new, and newer breaker boxes Lighting- converted from 1000w to 400w, higher efficiency, better lighting, and new posts Baseball field- used informally by town Old Carousel - roof structure remains.

4 ADDITIONAL FEATURES Buildings Improvements- 8 buildings in total Main Hall- 50x100, plus office, 2 restrooms, rents for $700day. Commercial kitchen. (Equipment not included). New windows, vinyl siding 1990's 3 sets of new public bathrooms (2012 and 2000 and 1 remodeled) 2- Ticket booths w/concession stands for each track (remodeled 2000). Equipment not included, property of concessioner 40x50 steel garage, inspection/tech bldg with concrete floor and apron 2- storage buildings Business opportunity information This is a turn key ongoing operation at below asset value. Continuing improving financial picture. Income increasing as owner finishes up on improvements and has hired professional management. Currently has a manager and two employees. Owner states if owner operated Speedway it would break even. NASCAR affiliated in Has increased business. Affiliation offers Speedway more recognition; drivers get points throughout circuit for overall championships and don t have to inspect cars each time. Included with sale: Grader J. Deere 672A- $42,000 value, water truck $16,000, wrecker/tow truck $12,000, lap counter/position board $12,000, Transponder $12,000 (tracks lap time, real time, ) Sheep foot roller $4,000. (avail extra Loader) Financials available with signed non disclosure Assessed value by town- $900,000 Owner states over $1M in cost and improvements Possible additional uses- snowmobile race, drag racing (short track),go karts, bog race, on site camping, special events with main hall, concerts, rallies, retreats, outfitter headquarters, display sales, etc.

5 Grandstand and bleachers at dirt track. Dirt track New lighting Grandstand Concession stand, ticket booth and Grandstand, entrance to dirt track Dirt track and staging area Dirt track and part of seating

6 Bleachers Side view of dirt track seating and entrance Dining Hall in background View from Grandstand Newer bleachers Staging and pit area Ticket booth, asphalt track

7 VIP and officials overlook Part of seating Asphalt track, Asphalt track home stretch Room for drag track. Asphalt oval track Ticket booth, Officials booth Platform overlook

8 Seating area Seating area and viewing booth Asphalt track complex Viewing booth, restrooms, tickets, parking Staging, pit and parking area Concrete pads for racers Parking and staging

9 Dining/meeting Hall w/kitchen and offices 5000 sf Insdie of dining, with overlook balcony for dirt track New metal inspection station Storage shed Storage shed

10 New restrooms for racers/ campers New restrooms Dirt Track