If you’re interested in running a campground, you might be wondering how to go about it. The steps you need to take vary depending on your desired level of involvement, from buying an existing campground to purchasing a camping franchise. This article will discuss the process of buying an existing campground and its requirements for complying with local laws. There are three main steps to purchasing a campground. Here are some of them:
Buying an existing campground
If you already have an RV, you can consider selling it and buying an existing campground. This is a great way to increase your down payment. In the meantime, you can live out of your RV for a month and appreciate the space and freedom. This is especially true if you’ve been looking for a change from your daily routine. And in the long run, you’ll be glad you sold the vacation home. There’s no reason to wait a year or two before making the big purchase.
Before buying an existing campground, be sure to research the property’s current value. The value of the land depends on how much income it generates, which is based on standard tables. The new use for the land is also considered when calculating its value. It’s important to remember that property value will depend on how much it costs to demo the existing structures and build a new one, as well as the projected income. The first step in buying an existing campground is finding out how much money the owners made in their previous years.
Buying a franchise to purchase a campground
Purchasing a campground franchise comes with many advantages. Not only do you have a complete business plan and support network behind you, but you can also expect a predictable cash flow and return on investment. In addition, franchises allow you to make your own changes to your business model. For example, you may want to offer more services or add extras to your campsite. You may want to consider renting out your cabins and offering additional services such as bike rentals.
Before buying a campground franchise, you should consider your finances. Do you have the money to pay a large down payment? If so, you should continue to save and consider other business opportunities that don’t require a big down payment. Taking the time to invest in your future is always a smart move. It’s also a great way to turn an outdoor hobby into a lucrative business.
Starting a new campground from scratch
The costs of setting up a new campground start at approximately $1000 per acre, and existing campsites can cost anywhere from $2 million and more. Generally, campground owners earn money by renting out camping sites to visitors. But there are other ways to generate additional income besides renting out campsites. Adding amenities such as a store to sell camping gear, local souvenirs, non-perishable food and photography services can help you diversify your revenue streams.
Another factor to consider when starting a campground is financing. Many banks will not make loans to small businesses with large upfront costs. However, if you plan to sell the campground to customers, a bank loan may be a viable option. Buying a campground can help you avoid these expenses and also provide you with instant name recognition. If you do decide to purchase a campground, be sure to ask about its business structure.
Compliance with local laws and regulations
Before you begin selling camping sites to campers, you must ensure that you follow all applicable local laws and regulations. This includes posting separate signs for criminal and civil laws. This includes the Uniform Code, which sets out minimum standards for new construction. In addition, all electrical appliances, including heaters, refrigerators, microwaves, and washers, must be secured. Any propane, water, or air tanks must meet the latest federal standards.
Operating a campground
Before you start construction and business operations, make sure to consider the region. Your area will likely have regulations regarding public use of water. If you plan on providing camping facilities without drinking water, you may not need to have a septic system, dump station, or other waste removal facilities. However, if your area does not have any public water sources, you may want to consider building such facilities. To attract RVers, it will help if your campground includes amenities such as a shower and laundry.
Before starting construction, determine if you can afford the land on which you plan to build a campground. Some sites are better suited for this than others, but you may need to look for a land that is not available for purchase. Land that is zoned rurally is a great location, but you may have to go through the trouble of getting the right zoning approval. Check with the township or local government to see if you can build a campground on the property. Make sure your plan complies with local building codes. You may also want to explore leasing options if you have an existing campground.