Professional Arena Football Team Stellar Record & Assets For Sale

Business 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 (or that this asking price is not a typo). 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 (though the league was dormant in 2009). This team, which can be purchased for less than some high-end automobiles cost, dominates the Indoor Professional Football League – a professional arena league that dominates secondary and tertiary markets in Nebraska, Iowa, Kansas, Missouri, and beyond.

Property information

Real Estate:

Lease

Location:

This sale includes several significant assets including the home field’s Astroturf, (which if new, would cost more than the asking price), the team’s four wheel drive vehicle, 30 home and away football uniforms, 10 cheerleader uniforms, office equipment, broadcasting, lighting and camera equipment, gym equipment, and 1,000’s of pieces of promotional items and retail merchandise inventory. Of course, the buyer will also own all of the team’s rights to merchandise to its 1,200 + loyal fans (that typically attend each game), the stadium lease (which include free office space, whirlpool, storage, reserved parking in exchange for ticket sale proceeds) and, of course, exclusive use of the owner’s box / luxury suite which can be used for any event at the stadium!

Other information

Expansion potential:

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).

Competition / Market:

In 2009 there were six teams in the league as well as several non-league opponents. There is also a team from the Indoor Football League team located in the general vicinity; however, their home games are scheduled on alternate weekends. 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.

Support & training:

2 wks at 40 hrs/wk

Reasons for selling:

Personal

Financing available:

Not Offered

Furniture / Fixtures value:

$230,000 (included in the asking price)

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