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HMP for sale?

HMP for sale?

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Old

Jan 12, 2009 | 08:41 AM

#1

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From: Houston,Texas/College Station

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HMP for sale?

http://www.hmpspeedway.com/

Old

Jan 12, 2009 | 09:18 AM

#2

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From: Rowlett

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owner returning to australia.... huh.

Old

Jan 12, 2009 | 09:25 AM

#3

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From: Louisiana

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Wonder what the asking price is?

edit: Nevermind, found it.

Old

Jan 12, 2009 | 09:44 AM

#4

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From: Alvin, TX/HOUSTON,TX

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how much?

Old

Jan 12, 2009 | 09:46 AM

#5

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From: Louisiana

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Quote:

Originally Posted by red281gt

how much?

The asking price is $4,600,000 and they listed the pro forma cap rate at 11.1% (but I wouldn't put too much stock in that alone).

Old

Jan 12, 2009 | 09:47 AM

#6

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Quote:

Originally Posted by quickblade

owner returning to australia.... huh.

David, the other Brother/owner moved back to Australia a little over a year ago. I guess Gram is ready to go back also.

Old

Jan 12, 2009 | 09:51 AM

#7

Staging Lane

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From: Houston (Clear Lake), TX

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4.6 mil

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Old

Jan 12, 2009 | 10:06 AM

#8

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From: Alvin, TX/HOUSTON,TX

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ga damn!!! thats alot of cash ... I wonder if HMP cost that much how much would HRP cost lol

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Old

Jan 12, 2009 | 10:07 AM

#9

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From: Waco, TX

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Time for Nine Ball to step up.

Old

Jan 12, 2009 | 10:09 AM

#10

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From: Houston, Texas

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Quote:

Originally Posted by Camaroholic

Time for Nine Ball to step up.

Old

Jan 12, 2009 | 01:14 PM

#11

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From: houston, northside

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that would be cool to own that place. i hope it doesnt shut down, its the closest track to my house

Old

Jan 12, 2009 | 01:29 PM

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My question, is how profitable is a racetrack? There looks to be lots of overhead when owning it.

Old

Jan 12, 2009 | 01:52 PM

#13

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From: Houston, TX

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Land in that part of town is very cheap, it is centrally located at the corner of ghetto and trailerpark. I don't see overheads being too much, other than cheap labor. Expensive part is mostly done.

Hope it stays open, we need more tracks in Houston. Sure would be nice to have a track in Conroe/Woodlands.

Old

Jan 12, 2009 | 02:29 PM

#14

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From: Houston

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Just go pick it up Tony.

Old

Jan 12, 2009 | 07:16 PM

#15

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Damn, seems like a lot of green for an 1/8 track. I could see HRP getting that much especially since they host an NHRA event.

Old

Jan 12, 2009 | 10:59 PM

#16

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From: Conroe, Texas

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Quote:

Originally Posted by Nine Ball

Sure would be nice to have a track in Conroe/Woodlands.

Couldnt say that any better!!!

Well, for that much money, you couldnt afford to prep the track any better than they do now...

Old

Jan 13, 2009 | 03:11 AM

#17

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From: houston, northside

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Quote:

Originally Posted by Nine Ball

Sure would be nice to have a track in Conroe/Woodlands.

x2 its a pain in the *** to drive to baytown or that track in sealy, which i will never return to. grass pit area = lame

Old

Jan 13, 2009 | 06:19 AM

#18

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From: Houston Tx

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I am pretty sure if you buy it it will come with the round track also. I hope they plan on paying Huttel the money they owe him also that he invested when they built the place. Maybe a drag racer will buy it this time.

Old

Jan 13, 2009 | 07:50 AM

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Well said!!!!

Quote:

Originally Posted by Nine Ball

Land in that part of town is very cheap, it is centrally located at the corner of ghetto and trailerpark. I don't see overheads being too much, other than cheap labor. Expensive part is mostly done.

Hope it stays open, we need more tracks in Houston. Sure would be nice to have a track in Conroe/Woodlands.

Old

Jan 13, 2009 | 08:11 AM

#20

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From: Houston/Alvin, TX

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Quote:

Originally Posted by Nine Ball

Hope it stays open, we need more tracks in Houston. Sure would be nice to have a track in Conroe/Woodlands.

I agree. There needs to be one on the south side of town too. Hwy 288 south of Pearland and Manvel would be a perfect spot. This would draw everyone from Pearland/Friendswood/Alvin/Sugarland/Missouri City/Angleton/Lake Jackson.

I bet it is very expensive to insure these tracks.

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