$5,000,000.00
Asking Price
Address: New Orleans, 70112.
Status: Active
Posting ID: 290029
1/3/25
Description
Confidentiality is a concern for the Seller while searching for the right buyer. Exact business location and name will be shared once a qualified Buyer prospect is vetted. NDA required to receive a comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
We seek a $2.75 million investment to establish a state-of-the-art kart racing facility in South Central Louisiana. The investment can be structured as equity or convertible subordinated debt and will complement $4.3 million in bank debt, resulting in a total project cost of $7.05 million. The facility aims to capitalize on the growing interest in kart racing and entertainment venues, targeting a diverse demographic and providing a unique local attraction.
The facility benefits from proximity to entertainment hubs and a growing community and is positioned as a sports complex that hosts national events. Facility highlights include 55+ mph karting track with over 50 configurations catering to all skill levels; Additional amenities include arcade games, party rooms, food/beverage services, and covered viewing areas. Designed to host national-level racing leagues and provide advanced driver development programs. Strategic proximity to the largest karting track in the U.S.
Revenue Streams will come from Kart rentals, memberships, league fees, race entry fees, food/beverage sales, and arcade/game revenues.League operations will encourage customer retention and drive recurring revenue.
The U.S. Go-Kart Racing Tracks industry is valued at $174.5 million (2023) and has grown at an average annual rate of 7.1% from 2018–2023.Aligns with the broader entertainment industry's growth, projected to reach $270.2 billion by 2025 (source: Statista).
The founder is an experienced professional with expertise in financial management, data analysis, and strategic planning.
Investor Benefits include high-growth potential in an expanding market with limited regional competition. Opportunity to capitalize on the rising popularity of experiential entertainment.
This is a compelling opportunity for investors interested in the entertainment, motorsports, or hospitality sectors, with promising financial returns and community engagement potential.
NDA required to receive a comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities: Large facility. NDA required.
Competition: Various regional competitors.
Growth & Expansion: In CIM, NDA required.
Financing: None
Support & Training: In CIM, NDA required.
Reason for Selling: In CIM, NDA required.
To get more information about this Large Karting Complex - 55 MPH Plus Speeds business for sale in New Orleans please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #290029 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this Large Karting Complex - 55 MPH Plus Speeds, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01820673. ProNova Partners.
Contact
Phone: 833-776-6682 Details
Asking Price: $5,000,000.00
Down: Call/Email
Cash Flow: $8,393.00
Revenue: $19,481.00
Area: New Orleans
City: New Orleans
Attributes:
My Notes About This Listing
Cash flow
$8,393
Revenue
$19,481
Down
Call/Email
Posting: 290029 | Available | 1/3/25
Confidentiality is a concern for the Seller while searching for the right buyer. Exact business location and name will be shared once a qualified Buyer prospect is vetted. NDA required to receive a comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Asking Price
$5,000,000
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
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