South Florida Business Journal

Go-kart venue gets restart under new ownership

South Florida Business Journal - June 23, 2006

Xtreme Indoor Karting will open its doors to go-kart drivers July 1, sporting a $2 million-plus makeover at its 90,000-square-foot facility.

The rejuvenated business, which is operating under a new ownership group aiming to appeal more to corporate and adult race fans, is headed by partners Prime Time Amusements, of Miami, landlord E.J. Plesko & Associates and national go kart track developer Bill Mulder. Their strategy is to combine racing with a large video game room, a sports bar and several corporate meeting rooms - all served by a 40-member staff.

"A lot of adults can't afford to get into a race car, and we can provide that experience for them," Mulder said.

The Fort Lauderdale facility, located alongside I-95, hosted go-kart races for about a year as Speed Indoor Racing before closing its doors in August. That company, which did not include the facility's current owners, had a $66,162 state sales and use tax lien filed against it in January. PrimeTime President David Goldfarb, whose company supplied the games to the previous operator, said Speed was a great concept, but poorly managed.

Plesko had a minority stake in the go-kart operation and brought in the two new partners after Speed left. However, Hurricane Wilma in October ruined the roof and the ventilation system, allowing water to soak the insides of the building, Mulder said, adding that it took $5 million to repair the damage.

Now that the new roof is secured, Xtreme is putting the finishing touches on a new look. The two race courses on concrete have been replaced by a larger, single course on newly paved asphalt that is expected to deliver better grip on hairpin turns. The karts are all new English-made Bowmans geared to drive between 38 mph and 42 mph, and can be remotely slowed down.

The larger track can handle 18 racers, while the old tracks hosted about five karts each. Unlike before, racers under 16 will have to take safe driving courses before they are allowed on the track unless they are part of a group renting the entire track, Mulder said.

Xtreme is the only indoor go-kart course in South Florida. There are outdoor courses at Boomers in Dania Beach and Boca Raton, in Homestead and Moroso Motorsports Park in northwestern Palm Beach County.

This fits with Xtreme's aim to separate itself from the competition with its amenities. PrimeTime, a supplier of video games to entertainment complexes like Universal Studios in Orlando, is stocking the facility with about 150 games. Xtreme will serve as a showroom and distribution hub, allowing it to host new and rare games, such as mini bowling alleys, moving NASCAR racer simulators and strength-measuring punching bags.

PrimeTime has a 20,000-square-foot warehouse next door, and Goldfarb is considering doubling his space there to make the game room at Xtreme among the largest in South Florida.

For the sports bar, Xtreme will have plasma televisions, pool tables and games. It will also serve meals and alcohol. All drivers will undergo a breathalyzer test, according to company officials.

"Before, you'd race for 15 minutes and then leave," Goldfarb said. "Now, you'll have lots to do."

 

Xtreme also plans to market heavily for corporate events and meetings, as it has capacity for up to 250 people in its boardrooms.

The racetrack will be marketed in tandem with the nearby Inverrary Country Club, which the partnership purchased two months ago and is also refurbishing.

"We'd like to have the same clientele they have here at Xtreme," said Jordan Ross, who manages Inverrary. "Corporations can spend the first half of their day racing, and then drive a few miles to play golf in the afternoon."

The partnership also has large properties in Chicago and Las Vegas for which it is seeking permitting to convert into other Xtreme locations, Mulder said, adding that there are only 85 indoor go-kart tracks in the United States, compared with 200 in England, leaving plenty of room for the national market to grow.

XTREME INDOOR KARTING
Marketing Manager: Stephanie Shapiro
Web site:
www.xtremeindoorkarting.com
Address: 5300 N. Powerline Road, Fort Lauderdale 33309
Phone: (954) 491-6265
E-mail: stephanie@xtremeindoorkarting.com

E-mail staff writer Brian Bandell at bbandell@bizjournals.com.