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Businesses For Sale   >>   Entertainment and Leisure Businesses For Sale Categories   >>   

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Entertainment / Gaming Complex Partnership Available

Location  United States
Asking Price Range  $10.0M - $20.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  2007
Number of Employees  4 - 5
Inventory  15000000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Owned
Reason for Sale  Working Capital
Description  Indian Gaming/Entertainment Complex Available An Investment Partner, active or passive, 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 Federal recognition and State 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. Gaming licensing is appraised to increase the "land value" alone to a minimum of $100 million to approximately $250 million! In addition, our investment partner will share all future gaming operational profits with the Tribe proportional to their partnership share. Serious parties should contact Ken W. Vichinsky at 954-892-2007 for more information. Financial disclosure is required.
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