Western Speedpark falls under the umbrella of YJT Motorsports Inc. – a new non-profit automotive racing organization for motor enthusiasts. We are conveniently located on Carolina Avenue in the industrial area in Stephenville, Newfoundland. We will have the only ¼ mile track in the province. We also have the longest linear length for vehicle run off which will allow for additional safety for all drivers.
The primary revenue center for the business comes from events occurring at the Western Speedpark. Revenue streams include:
The business will also generate secondary revenues from concession sales, vendor booth rentals, product sales and other events /products that are distributed through both YJT Motorsports and Western Speedpark.
Our partnership with the Town of Stephenville allows us to raise funds to improve the safety and function of the track. We invite sponsorships from other local clients and businesses and look forward to having the unique opportunity to work closely with many small businesses, individual racers and local residents offering specialized events.
These events will seek to draw tourists and create opportunities for other small companies in the area which in turn will be beneficial to the Western district as a whole.
One of our goals is to have major business sponsorships to assist us with everyday expenses. This is accomplished through advertising purchases, business spotlights and working closely with other small companies to offer joint ventures for events such as accommodations, food, etc. Our partners will have a spot on our site and a link to their website. We have regular updates on Facebook and have already gathered hundreds of followers. We will use every avenue possible to give back to our sponsors.
Our main location is Western Speedpark. It is originally a part of the runway from the Stephenville airport. The runway was shut down many years ago and has not had much use since. Our intent is to re-pave the racetrack portion, to have a spectator section along with a concession area for vendors. Our goal is to have numerous events throughout the season. Many of our clients are motoring enthusiasts seeking the safety and controlled conditions offered by a track. The performance capabilities of today’s vehicles far exceed the safety and legal parameters of the province’s highways. Consequently, people are seeking an appropriate environment to experience the full range of performance their vehicles offer. Our goal is to create a safe family environment for all to enjoy.
Going forward some of our goals will be to have functions such as
We are in the process of approaching other small businesses such as amusement rides or a bounce house to offer activities for families to help draw tourists to our area.