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Custom Installations has installed thousands of car phones, audio, stereo, communications, safety and surveillance equipment for the automobiles, homes and businesses of the Greater Lafayette area.
Installs breathalyzers in cars, primarily for DWI offenders as part of the terms of their probation.
Compete for a national ranking
Instruct International students, mostly attending Purdue University, how to drive safely in the United States.
Oversee the development of the business (the park) and hire the staff.
Custom Installations has installed thousands of car phones, audio, stereo, communications, safety and surveillance equipment for the automobiles, homes and businesses of the Greater Lafayette area.
Installs breathalyzers in cars, primarily for DWI offenders as part of the terms of their probation.
Oversee the development of the business (the park) and hire the staff.
Compete for a national ranking
Instruct International students, mostly attending Purdue University, how to drive safely in the United States.
By Crowd Funding this exciting business, we are essentially creating a semi-private country club environment for our - “Your Family Fun Park”…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…the investors will have a “vested” interest in seeing the Park succeed and will provide a steady stream of patrons to the facility, as well as encouraging others to participate in its many attractions…Investing in LafayetteRaceway.com is a unique opportunity to “Put your Money Where Your Fun Is”…We need only 300 of the 45,000+ families that live within 5 miles of the site to invest $10,000…for as little as $100 you can help us develop this exciting business and reap in the above average rewards…What other investments guarantee this much fun…?
For additional information, please see attached BusinessPlan.pdf
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.
In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document.
The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.
These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
As is with any start-up business, LRC has substantial risks…there is no guarantee that the business will succeed…the business plan calls for the Park to be developed over several phases, even if the 1st phase is funded, it may not be profitable…the 2nd thru 6th phases could fail to be funded…the overall success of the Park is dependent on many factors that cannot be controlled…the investment is illiquid and there is no secondary market for the LLC units…Do not invest more than you can afford to lose, You could lose 100% of your investment…The building could be sold before we fund the 1st phase…if the subsequent phases fail to fund the purchase of the building may not be possible…circumstances could arise that cannot be anticipated that could affect the future of the Park.
LafayetteRaceway.com, LLC (“Company”) is offering securities under Regulation CF, through NetCapital Funding Portal Inc. (“Portal”). Portal is a FINRA/SEC registered funding portal and will receive cash compensation equal to 4.9% of the value of the securities sold through Regulation CF. Investments made under Regulation CF involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest.
The Company plans to raise between $10,000 and $500,000 through an offering under Regulation CF. In the event the Company fails to reach their offering target of $10,000, any investments made under offering will be cancelled and the investment funds will be returned to the investor.
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 & Escape Rooms and the Concessions & Sports Bar areas. Any additional proceeds will be allocated to the 2nd Phase improvements as outlined in the Business Plan.
| If Target Offering Amount Sold | If Maximum Amount Sold | |
|---|---|---|
| Total Proceeds | $10,000 | $500,000 |
| Less: Offering Expenses | $490 | $24,500 |
| Net Proceeds | $9,510 | $475,500 |
| Pre-development expenses | $9,510 | $95,500 |
| Laser tag franchise and buildout | $0 | $110,000 |
| Escapology franchise and Escape rooms | $0 | $75,000 |
| Arcade games | $0 | $60,000 |
| concessions and build out | $0 | $105,000 |
| Marketing, design and reserve | $0 | $30,000 |
| Total Use of Net Proceeds | $9,510 | $475,500 |
The securities being offered may not be transferred by any purchaser of such securities during the one-year period beginning when the securities were issued, unless such securities are transferred:
| Class of Security | Amount Authorized | Amount Outstanding | Voting Rights | Other Rights |
|---|---|---|---|---|
| Founding Member | 1,000 | 1,000 | Yes | |
| Master Members | 5,000 | 0 | Yes | Master Members unit holders have received the written permission from the Founding Member to assign, convey, sell or transfer a Master Member’s Interest |
| Charter Members | 25,000 | 0 | Yes |
| Type | Description | Reserved Securities |
|---|
There are no additional Rights, Warrants or Options other than the additional Phases 2-6 of Charter Member units anticipated in the Business Plan and Operating Agreement.
The Founding Members have voting rights. The securities we are selling in this offering do not have voting rights.
The Master & Charter Members will not have a say in the management of the Park. The Founding Member has sole responsibility for the management of the Company. There is no guarantee the Founding Member will be successful in the management of the Park.
The Company valuation will be the amount of this offering.
The Master & Charter Members will not have a say in the management of the Park. The Founding Member has sole responsibility for the management of the Company. There is no guarantee the Founding Member will be successful in the management of the Park.
Although the Manager currently has no intention of issuing additional securities or repurchasing securities, or entering into transactions with related parties, other then those identified in the Business Plan, there is no guarantee that they will not. This offering is Phase 1 of the Business Plan. There are 6 phases in total that we plan to complete. As noted in the Business Plan, we anticipate that we will issue additional securities in Phases 2 through 6.
The Master and Charter Members are anticipated to receive benefits on the sale of the issuer or its assets as described in the Business Plan and the Operating Agreement.
LafayetteRaceway.com has agreed to reimburse the Founding Member, Snyder Entertainment Group, LLC for all predevelopment expenses incurred with the building of LafayetteRaceway.com. There is no set maturity date for the debt owed to its Founding Member.
LafayetteRaceway.com has no operating history, it was formed by the Founding Member, Snyder Entertainment Group, LLC, to own & operate “Your Family Fun Park”. The proceeds from this Crowd Funding Campaign will fund the 1st phase of the development and subsequent phases as outlined in the Business Plan section of this profile.
If Yes to any of the above, explain:
Video Transcript: The video begins with a description of the acquisition of the parks signature piece, the Hour Time Clock: Snyder Entertainment Group, LLC presents Help us build “your family fun park” lafayetteraceway.com crowdfunding campaign kicks off January, 2017 The iconic “hour time” clock Hour time - is fun time Farewell to the hour time clok J&C Video Aug. 2, 2016 “Well I can’t say who bought it but it’s going to be used locally and it’s going to be held on the property for a while until it goes to its final resting place.” Hour time owner Roy Meeks installed the clock in 1979. The clock came from a train station in Rochedale, England. The clock features four 12-foot faces and weights seven tons. It’s been a Lafayette landmark at I-65 and south street ever since. “What I know about the clock is that the clock was bought at an auction. It actually sold very fast. After the auction, Ripley’s Believe-it-or-not offered to buy the clock from Mr. Meeks but he wanted it and so he keept it and when the Hour Time was built he positioned it on top of the restaurant and the rest is history.” The Best Western and Hour Time closed this Spring. Demolition will start soon for a Doubletree by Hilton. The clock sold for $7,500 at a July 16 auction. The new owner hasn’t been identified. By Dave Bangert Journal & Courier Aug. 2, 2016
The video continues by featuring each of the attractions the park plans to offer: Escapology “Time is of the essence” 1st phase attractions - Tactical laser tag, escape rooms, arcade & sports bar
CGI renderings of the planned laser tag course are shown Live-action laser tag is shown. Team combat Live
The building of lafayetteraceway.com
The following documents are being submitted as part of this offering:
Once posted, the annual report may be found on the issuer’s web site at: www.LafayetteRaceway.com
The issuer must continue to comply with the ongoing reporting requirements until:
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