LafayetteRaceway.com will provide the residents of Greater Lafayette Indiana and visitors to the Purdue University twin cities, a safe, social gathering place to experience wholesome family entertainment, enjoy quality time with friends and relatives while sharing a meal in a unique comfortable setting.
Mark & Monte wanted to get back into the “Fun Business”, so they created this plan for LafayetteRaceway.com. They believe Lafayette is in desperate need of this kind of wholesome family entertainment venue.
Many electric go kart tracks & laser tag businesses are only single venue attractions. Folks would visit, spend their money, have a good time and leave; they didn’t come back because the price and value didn’t line up. You need multiple sources of income and the economies of scale to cover the overhead cost. Never has there been this many attractions combined in one development anywhere near this market area.
This business is capital intensive, but we believe the opportunity could be substantial. Funding this plan from our community and developing the Park in phases makes the development of the business feasible.
The Fun Business or Family Entertainment Center (FEC) industry, as it’s called, has been around long before Walt Disney built the amusement park to showcase his cartoon mouse. Industry Experts claim the business is Recession Resistant. In the last economic downturn during 2008 to 2010, the FEC industry ranked 3rd in the least affected category, behind Government Construction Projects and the Healthcare Industry. This is the 1st Family Fun Park, that we know of, raising money through Regulation Crowdfunding. Lafayette is again ranked as one of the best places in America to live. You can read the Market and Competition sections of the Business Plan to see why the Brothers feel now is the right time to develop LafayetteRaceway.com, “Your Family Fun Park.”
Mark & Monte are veteran businessmen and have many years of experience managing several Putt-Putt® mini golf courses around Indiana. They have assembled a team of professionals to assist them in the development of the Park. You can find the list in the Consultants and Vendors section of the Business Plan along with the links to their respective webpages. This impressive group will train and assist the Brothers in managing the staff. It will take a village of energetic young people to insure that all of our Patrons have a great time. The Park will provide part-time employment for dozens of high school and college students.
Mark's custom installation business has installed thousands of audio, stereo, commucations, safety and surveillance equipment for automobiles, homes and businesses in the Lafayette area.
Monte has leased and managed several Putt-Putt® franchises in Merrillville, Indianapolis and Lafayette. Since 2006, Monte's International Drivers Training School has instructed hundreds of international students on how to drive safely in the United States.
Be a part of Lafayette Raceway
This is an offering of Master Members, under registration exemption 4(a)(6), in LafayetteRaceway.com, LLC, doing business as Lafayette Raceway. This offering must raise at least $10,000 by October 2, 2017 at 4:00pm ET. If this offering doesn’t reach its target, then your money will be refunded. Lafayette Raceway may issue additional securities to raise up to $500,000, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
6,000 units × $100.00 per unit = $600,000 implied valuation
The purpose of this initial offering of Master Member units is to fund the 1st Phase of the development of LafayetteRaceway.com as identified in the Business Plan. It will essentially fund the execution of the Lease with Purchase Option, the purchase of the Franchises and build out of the Tactical Laser Tag Arena & Spin Zone Cars and the Concessions & Sports Bar areas. Any additional proceeds will be allocated to the 2nd Phase improvements as outlined in the Business Plan.
Lafayette Raceway’s official name is LafayetteRaceway.com, LLC, so that’s the name that appears in the statements below.
These financial statements have been reviewed by an independent Certified Public Accountant.
Thank You for taking the time to review our Offering. We appreciate your consideration and interest in assisting us with the development of LafayetteRaceway.com, “Your Family Fun Park”.
Lafayette Raceway’s SEC filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Ask Lafayette Raceway a question
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Understand the risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.