Case Study

Black Circuit

Race Track Acquisition Strategy

Multi-track bundled acquisition. Centralized operations. Permanent revenue infrastructure.

The Strategy

A bundled acquisition strategy targeting dirt oval and short track facilities across the American heartland. Black Circuit consolidates underperforming race tracks into a centralized operating platform with standardized management, shared marketing infrastructure, and vertically integrated revenue streams.

Three Pillars

Centralized command. Integrated logistics. Diversified revenue. One platform operating multiple tracks at scale.

01
Centralized Racing Teams
  • Mobile podium training
  • Cross-track driver development
  • Standardized safety protocols
02
Hauling Integration
  • H&N Hauling fleet provides logistics backbone
  • Equipment transport
  • Track-to-track mobility
03
Revenue Diversification
  • Training programs and leagues
  • Floodlit sessions and track rentals
  • Merchandise, events, corporate hosting

Acquisition Pipeline

5 US race tracks currently under evaluation. Specific targets under NDA. Criteria: sub-$2M acquisition cost, minimum 40-acre footprint, existing grandstand infrastructure, within 500-mile radius of primary operations.

Criteria
  • Acquisition Cost — Sub-$2M per facility
  • Footprint — Minimum 40 acres
  • Infrastructure — Existing grandstand required
  • Geography — 500-mile radius of operations
  • Pipeline — 5 tracks under evaluation

The Numbers

Conservative underwriting. Real margins. No fiction.

Acquisition Model

Debt + equity hybrid. Conservative leverage. Owner-operator transition period.

EBITDA Margins

Target 35-45% post-stabilization. Year 1 breakeven. Year 3 full margin.

Revenue Streams

Racing events, training programs, facility rentals, merchandise, concessions, sponsorships, media rights.

Exit Strategy

Hold indefinitely. Revenue-generating infrastructure. No flip timeline.

Partnership Structure

Equity partnership. Full transparency. Open blueprints. One meeting to decide. We don't sell dreams — we show the math.

  • Equity-only engagement
  • Full operational transparency
  • Quarterly reporting + annual audit
  • Board seat available at threshold
  • Investment by Inspection doctrine

Request Meeting

One meeting. Full blueprint. Your decision.

Request Meeting