Professional Arena Football Team - Stellar Record
Location Nebraska,United States
Asking Price Range < $250K
Gross Revenues $87677
Net Profit / Cash Flow $25000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2002
Number of Employees 10 - 19
Inventory 230000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training 2 weeks at 40 hours / week.
Reason for Sale Personal.
Description 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 field's Astroturf, (if new, would cost more than the asking price), the team's vehicle, 30 home and away football uniforms, 10 cheerleader uniforms, broadcasting, lighting and camera equipment, gym equipment, $30,000 worth of nutritional supplements, promotional items and retail merchandise inventory. The buyer will also own all of the team's rights to merchandise to its 1,200 + loyal fans, the stadium lease and, of course, exclusive use of the owner's 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).
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