264 Lafayette Rd. #10
Portsmouth, New Hampshire 03801
603-448-8000
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Sold for $684,000 on Aug 28, 2013
Auto Race Track -Canaan Speedway Popular auto racetrack business for sale at below asset value. [Click here for full info package;http://control.cisdata.net/bin/filelink.php/AR118338/82eb703070a8afcb0a18f992dac4e535/] ADDITIONAL INFORMATION AND FEATURES for CAnaan auto race track 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 20-30 racers for asphalt track and 20-30 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 2012. • 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. 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 2012. 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.