QUOTE(kcmoedoe @ Oct 27 2010, 11:44 PM)
Great advice- I'v seen your posts on financing. Please drop me a email@example.com I would like to discuss having you write an article for me. Brain
Research and study a lot. Go to a campground ownership seminar or school. Be well informed on what you can expect and it can be a great business to own. I have a lot of experience with owners, since my bank had a number of campground loans and it was a market we actively served. RV parks are generally a solid business to invest in. As I have said on other posts, they are not get rich quick schemes, or even get rich kinda quick schemes. They require hard work and dedication. Remember, your role will be reversed, you will no longer be camping. Be very careful about designing a park around your personal ideas and desires. You need to be sure they are marketable and profitable. We had one park whose owner decided adding a shooting range and skeet range. He said it did attract a few shooters, but his bread and butter clientel, the family weekenders, didn't like it, and his registrations dipped dramatically. He had to close the ranges, and lost a bunch of money. It took him several years to get back to where he was before he started the shooting venture. Be sure you have the skillsets to make the park work. You have to have a customer service attitude. It sure helps to be mechanically skilled, so you don't have to hire out every repair. You also have to have a business aptitude. You will need to be profitable. Be sure you have the financial ability to get into the business. RV parks are a capital intensive business and require significant down payments to purchase. Remember also, that buying a "turnaround" opportunity will require a lot of time and money. You will have to overcome all those reasons it is a turnaround. Advertising takes a lot of money and usually takes a while to become effective. If the park had infastructure problems, you will not only need to fix the problems, but get the word out the problems no longer exist. That can be a very slow process. The good news is, most of my park owners wouldn't consider doing anything else.