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campinngal
post Sep 25 2009, 09:46 PM
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My husband and I are considering purchasing a campground (or dude ranch). My husband has a steady job that he would give up. We are in our 40's. Am just beginning researching this idea and have purchased a book about buying, owning, managing, etc. Have several basic questions and was hoping to hear from campground owners. Hotel values have dropped ridiculously during the recession. My friend in commerical real estate has a resort that was assessed at 10 million, 2 years ago. It's current assessment is 1.5 million. Have the value of campgrounds dropped as well? He says that the standard right now when making an offer is to offer 20 to 30 cents on the dollar and that one cannot judge profits from the last few years in this economy. Thoughts on this (as it would apply to a campground offer)? Would a campground provide a decent living and/or retirement? If you were to have the choice of buying a campground or ranch today, would you do it? If so, would you go for a higher priced campground with a larger profit or a low priced campground with a smaller profit? A seasonal or year round? Both seem to offer the same percentage profit, it's just the numbers are different. Also, what are the benefits and/or pitfalls of going with a franchise (like KOA) vs. an independentally owned campground. Finally, if you can recommend any books, articles, websites, etc., it would be appreciated. Thank you so much. : )
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campinngal
post Sep 29 2009, 10:08 PM
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Pogoil,
Thanks for your insights. Am curious if your park is situated near any big attractions or is it a destination on its own. Also, would you recommend a small park or a spendy, big, established one in a tourist area?
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RVRVRV
post Sep 30 2009, 12:14 PM
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QUOTE(campinngal @ Sep 29 2009, 11:08 PM) *

Pogoil,
Thanks for your insights. Am curious if your park is situated near any big attractions or is it a destination on its own. Also, would you recommend a small park or a spendy, big, established one in a tourist area?


Well had we been able to afford it when we started to look we probally could have ended up in any location with an over night type park. We wanted to be along the coast some where because we have as a family always gravitated toward the coast. But we did not have unlimited funds. So we found a small older park in a small town on the coast. The park caters to nightly, weekly and monthly folks. We have a mix of long term as well. They are all wonderful people many retired full time RV people. When we bought the park we were not aware of how many people enjoy the full time RV lifestyle. We are like a small community. Some return year after year for the summer months and most are retired. We are active with potlucks, ice cream socials and coffee and social hour daily and some side trips as planned activities.
In my opinion the Oregon coast is a destination in it self. It is beautiful and the climate is mild all year long. But many of my guests follow the sun. There are no big attractions here but all the natural beauty one can stand. Hiking, biking, kayaking, fishing, crabbing, storm watching and so on.
In my opinion, situate your choice in the right location, large resort or small mom and pop and you should do well if the price of fuel stays reasonable.
Good luck in your choice.
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Posts in this topic
campinngal   Considering Purchasing A Campground   Sep 25 2009, 09:46 PM
Lindsay Richards   BE CAREFUL   Sep 26 2009, 10:13 PM
kcmoedoe   You can make any offer you wish, but be prepared t...   Sep 27 2009, 11:05 AM
abbygolden   You can make any offer you wish, but be prepared ...   Sep 27 2009, 12:53 PM
rgatijnet   I would think that to some extend a campground is ...   Sep 27 2009, 11:38 AM
kcmoedoe   I would think that to some extend a campground is...   Sep 28 2009, 10:05 AM
Lee and Fran   I know of a park for sell in Utah and the price I ...   Sep 27 2009, 07:01 PM
kcmoedoe   I hope I haven't turned too many people off of...   Sep 27 2009, 07:43 PM
campinngal   Thank you so much, particulary KCMOE for your valu...   Sep 28 2009, 12:54 AM
kcmoedoe   Thank you so much, particulary KCMOE for your val...   Sep 28 2009, 09:37 AM
pogoil   My wife and I are in our 40s and 5 years ago we bo...   Sep 28 2009, 02:38 PM
Lindsay Richards   One thing you must remember in any small business ...   Sep 28 2009, 03:01 PM
kcmoedoe   One thing you must remember in any small business...   Sep 28 2009, 03:14 PM
Gunship Guy   What a great topic. The replies were all very inf...   Sep 28 2009, 09:02 PM
pogoil   What a great topic. The replies were all very in...   Sep 29 2009, 01:36 PM
coacbcps   What a great topic. The replies were all very in...   Sep 29 2009, 03:06 PM
campinngal   Pogoil, Thanks for your insights. Am curious if y...   Sep 29 2009, 10:08 PM
pogoil   Pogoil, Thanks for your insights. Am curious i...   Sep 30 2009, 12:14 PM
Lindsay Richards   Keep in mind that if you live on the property, man...   May 14 2012, 10:48 AM
wantacampground   I would like to revive this topic as I am currentl...   Jun 13 2012, 11:36 AM
kcmoedoe   I would like to revive this topic as I am current...   Jun 13 2012, 11:55 AM
wantacampground   Best place to start is www.rvparkstore.com Many ...   Jun 13 2012, 12:01 PM
kcmoedoe   Kcmoedoe - thank you for your reply. I have read ...   Jun 13 2012, 07:25 PM
wantacampground   I am not sure you will unearth a lot of hidden ge...   Jun 14 2012, 10:11 AM
Lindsay Richards   You might consider scheduling an appointment with ...   Jun 13 2012, 01:17 PM
wantacampground   You might consider scheduling an appointment with...   Jun 13 2012, 02:40 PM
Lindsay Richards   We bought an old house in the down town of a res...   Jun 14 2012, 12:25 PM
kcmoedoe   If you are willing to wade through a bunch of dead...   Jun 14 2012, 01:34 PM
SASMITH   wantacampground, Thanks for reviving this thread, ...   Aug 4 2012, 07:39 PM
wantacampground   wantacampground, Thanks for reviving this thread,...   Aug 15 2012, 02:21 PM
SASMITH   Sorry, been out for awhile. I think it would be gr...   Aug 15 2012, 09:01 PM
Lindsay Richards   We go by there on most trips as it is about 4 or 5...   Aug 4 2012, 07:52 PM
Lindsay Richards   I was going to college in Tampa from 1962 to 1966 ...   Aug 5 2012, 09:35 AM
Texasrvers   SASMITH, We are glad that you are a member of our...   Aug 5 2012, 11:36 AM
SASMITH   SASMITH, We are glad that you are a member of ou...   Aug 10 2012, 07:44 PM
Lindsay Richards   I think a fair price is about 5 to 6 times the gro...   Aug 15 2012, 09:24 PM
kcmoedoe   I think a fair price is about 5 to 6 times the gr...   Aug 16 2012, 09:17 AM


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