The experience of owning a campground is incredibly rewarding. You get to be your own boss while busy with your business venture. Campgrounds are also great places to spend time with family and friends.
Profits and Investment Insights
Campgrounds, RV parks, and resorts are cash businesses. Here are some considerations for profitability and investment:
Table of Contents
- What makes a good campground?
- How do you finance a campground?
- How many acres do you need to build a campground?
- Are campgrounds a good investment?
- What is the 28 day rule?
Owners of RV parks can expect a 10% to 15% return on investment. This investment opportunity may be appealing to those with significant funds, potentially offering a higher return than traditional investments such as stocks and bonds.
It is estimated that throughout the United States, there are about 12,000 RV-related businesses, bringing in revenue of $37.5 billion. Owning an RV park or campground can, therefore, be a profitable venture.
Depending on the location and amenities of your campground, you could charge higher prices for campsites. Buying an existing campground reduces risk compared to building a new one.
Characteristics of a Successful Campground
A great location and amenities such as pools and playgrounds often categorize successful campgrounds, especially those designed for RV camping.
To set up and run a successful campground:
- In-depth knowledge of the Campground Industry.
- Get the Ideal Location – look for areas with good weather during the camping season.
- Add Popular Amenities – consider the infrastructure required such as power and plumbing.
Thorough research and staying up to date with industry trends are essential for running a successful campground.
Here are some tips on managing a campground:
- Get to know your campground and its features.
- Understand the rules and regulations.
- Plan out your staffing needs.
Understanding RV Hookups
Hooking up an RV to campsite utilities can seem daunting, but learning about the process is vital for a comfortable stay. Be aware of the electricity, water, and sewer hookups, as these are the main connections to consider at most parks.
Best Practices at the Campground
The number one rule is to always clean up after yourself to avoid attracting wildlife. Respect campground policies regarding trash and maintenance of shared spaces.
When selecting a campground, research the amenities offered to ensure they match your expectations and needs.
If you’re intrigued by the idea of starting your own campground business, know that it can be a very profitable adventure if done right. Here are the steps to consider:
- Understand the commitment and knowledge required to start and run a business.
- Turning a simple camping hobby into a full-scale luxury camp could be within reach if you follow the right steps and grow your business strategically.
Owning a campground is rewarding, allowing you to set your schedule and meet the needs of both your park and personal objectives. Proper management, industry knowledge, and the right location and amenities contribute significantly to a campground’s success.