Professional Arena Football Team - Stellar Record
Location:
United States
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Nebraska
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Omaha
Industry: Entertainment and Leisure > Other Entertainment and Leisure
Business Summary
With an average cost of an NFL football team of $957 million in 2008 (the Cowboys were valued at over $ 1.5 billion), you may have already deduced that this is not an NFL team Similarly, this team is not one of the 15 Arena Football League's teams - as those may fetch in the $15 ml. - $20 ml. ballpark. This team dominates the Indoor Professional Football League - a professional arena league that dominates secondary and tertiary markets in Nebraska, Iowa, Kansas, Missouri, and beyond.
Asking Price $195,000.
This sale includes several significant assets including the home fieldds Astroturf, the teamms four wheel drive vehicle, 30 home and away football uniforms, 10 cheerleader uniforms, office equipment, broadcasting, lighting and camera equipment, gym equipment, and 1,0000s of pieces of promotional items and retail merchandise inventory. Of course, the buyer will also own all of the teamms rights to merchandise to its 1,200 + loyal fans, the stadium lease and, of course, exclusive use of the ownerrs box / luxury suite which can be used for any event at the stadium!
In a region with such a rich football tradition, there is no shortage of fans craving the opportunity to see their former favorites (that did not make the draft) play during the spring and summer months. There is no NFL team in the area; the nearest Arena Football League team is over 120 miles away.
This business has a great deal of growth opportunity. At present, the business-end of this dominant team is run in a ''hobby-like'' fashion by an owner who also maintains full-time employment. Moreover, the team does not have professional marketing or sales staff to maximize game ticket sales, merchandising revenue opportunities, or corporate sponsorship drives (the team has managed to obtain over 30 noteworthy corporate sponsors nonetheless). The team may also consider entry into the AF2 or IFL leagues in 2011 (if league owners approved).
Financials
Asking Price Range: < $250K
Gross Revenues:
$87,677
Cash Flow:
$25,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $230,000
Seller Financing: No
About The Business
Year Established: 2002
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 40 hours / week.
Reason For Selling: Personal.
Photos
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Click on the "I'm Interested" button above for more information on this Entertainment and Leisure > Other Entertainment and Leisure business for sale.
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Print Listing Id: 700114776
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