Business For Sale Listing 140980
Sports Complex, w/Real Estate Included
Status as of Nov-20-2008 at 06:43 PM: Active
Business Summary
This major and unbelievable sports complex is virtually unmatched in its upper Midwest region. With both excellent visibility from and easy access off a major interstate highway, this 17-acre complex is located within a 90-minute easy highway drive to over 10 million people.
The complex includes two separate architectural buildings, which share a large, paved parking lot. The smaller (52,000 sf) of these two facilities features five full size basketball courts, a fully equipped 3,000 sf fitness center, locker rooms, offices, sporting goods store, sit down concession area and a full kitchen.
The 176,000 sf facility is a two story spectacular structure featuring two ice hockey rinks (one professional size; one Olympic size); 15K sf gymnastics area, 55K sf for soccer/multi use; ample kitchens, concession stands; sit down dining areas; private rooms (with viewing areas); two full liquor licenses; lots of offices; locker rooms; sporting goods store and a 17K sf common area.
In addition to the obvious hockey, skating, soccer, gymnastics, basketball and fitness uses, these facilities regularly host trade shows and corporate events. The seller, significantly past retirement age, loves his sport complex, which he built in the 1990s, but he now recognizes that a combination of his age and a large, thriving, unrelated family business necessitates his selling the sports complex.
Priced at $80 per square foot (which includes all 17 acres and both liquor licenses), this facility could not be duplicated for a cost anywhere near the $18.24 million listing price. The true value of this sports complex and its 10 years of sports and commercial activity is only limited by the imagination of the buyer. Some obvious possibilities include using 1-1/2 available acres (part of the 17 total acres) to add on a swimming pool complex contiguous to the larger facility; purchasing additional available acreage for outdoor soccer and lacrosse fields, tennis courts.
Categories
Industry
Location
Financials
| Sales: |
Not Disclosed |
| Profits: |
Not Disclosed |
| Profit Type: |
Not Disclosed |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $15 Million and $20 Million (18,000,000) |
