The raceway draws about 5, spectators per event. Saturday-night Midnight Madness events are especially popular with younger racers, who challenge friends to drag races and "drifting" contests, in which drivers intentionally spin out at high speed.
Joffrion, 56, says "it's time to slow down. Joffrion says he is willing to finance a portion of the sale. Because of the nature of the business, there is no valuation rule of thumb.
The owner is basing the asking price on what he believes is a fair price for a buyer looking for a reasonable rate of return. Earnings are up an average of 10 percent per year since The business comes with enough land to expand the racetracks and other facilities. Much of the raceway's value lies in the improvements the owner has made to the site.
To properly evaluate the price, a buyer will have to scrutinize the value of those improvements and assess the potential for expansion. The season marks the 18th year of this facility, and Pollage and his entire staff are excited to provide the best facility they can for their racers. Your email address will not be published. Drag Illustrated is not affiliated with, nor is it bound by any sanctioning body or association.
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