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#Business ID: 14174

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Entertainment / Gaming Complex

Business Location: South East, United States

Asking Price: $ 10,000,000 Revenue: not disclosed Cash Flow: not disclosed

[Furniture / Fixtures and Inventory / Stock included]

Business Summary

A Strategic Partner is needed for an existing state-of-the-art musical amphitheater/entertainment complex that can accommodate Class A box office attractions with ease and comfort. (Bon Jovi, Chesney, McCartney, Aerosmith, etc.) The 250 acre East Coast site is also able to accommodate multi-day festivals such as Woodstock to include music and art, camping, boating, outdoor themed shows, rodeos, circuses, car shows/auctions, motorcycle rallies, etc. In addition, there is an existing Hill and Hole dirt drag racing track with lighting and bleachers. The property has Special Entertainment Development District (SEDD) exclusive zoning that includes RV camping, boxing, mixed martial arts, high-rise buildings, broadcasting, filming, multi-family housing, hotels, retail etc., including INDIAN GAMING! All allowed uses are by ordinance, not permit, which means that the uses NEVER need to be renewed! A State recognized local Native American tribe is currently under contract with the Owner to participate in an Indian Resort Hotel & Casino upon licensing.
This property could easily surpass the Seminole Hard Rock Resort Hotel Casino in Hollywood, or the Miccosukee Resort Hotel Casino at Dade Corners Florida with the additional draw from the amphitheater/festival grounds, race track et al. Indian gaming resort hotels around the country are grossing in excess of $250 million to $1 billion.
Current appraised pre-gaming land value and improvement is $25 million. Future gaming licensing is appraised to increase the land value alone to a minimum of $100 million to approximately $250 million! In addition, our strategic partner will share all future gaming revenues/profits with the Tribe proportional to their partnership share. If you take the time to visit this property, you will become our partner!

Property Details

FF&E:

$ 15,000,000

Inventory Value:

$ 25,000,000

Other Business Details

Premise Details:

The 250 acre East Coast site is also able to accommodate multi-day festivals such as Woodstock to include music and art, camping, boating, outdoor themed shows, rodeos, circuses, car shows/auctions, motorcycle rallies, etc. In addition, there is an existing Hill and Hole dirt drag racing track with lighting and bleachers.

Expansion Potential:

District (SEDD) exclusive zoning that includes RV camping, boxing, mixed martial arts, high-rise buildings, broadcasting, filming, multi-family housing, hotels, retail etc., including INDIAN GAMING! All allowed uses are by ordinance, not permit, which means that the uses NEVER need to be renewed! A State recognized local Native American tribe is currently under contract with the Owner to participate in an Indian Resort Hotel & Casino upon licensing.

Miscellaneous Details

Reason For Selling:

Working Capital

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