Building an RV Park from scratch under 50k?
just wondering if this is possible
Forum Discussion
I recently listened to an interview with a KOA owner. They took over a run down park in the middle of nowhere in New York state (I believe). They had money, did much of the work themselves and turned it into a beautiful park.
That said, not everyone with an idea has a million dollars to invest. $50,000 is not anything to turn your nose up with but at the same time it's not like they're going to lose a million dollars.
Not all great businesses are started by people with PhDs in Marketing and Administration. Some people are good learners as they grow. I've seen many a park that started out with just a few sites and as time went by they were financially able to add more sites. Start small and think big. It works for lots of people. I realize that businesses fail all the time and in fact according to the SBA most fail in the first six months.
If they own the land out right, that's a pretty good start. Maybe start with five sites and do them well.
Let's take a look at the other side of the coin. I will say though that if they are far away from any type of connection, internet will cost them a fortune and that is a driver for most rv parks, hotels, and retail businesses.
That said, not everyone with an idea has a million dollars to invest. $50,000 is not anything to turn your nose up with but at the same time it's not like they're going to lose a million dollars.
Not all great businesses are started by people with PhDs in Marketing and Administration. Some people are good learners as they grow. I've seen many a park that started out with just a few sites and as time went by they were financially able to add more sites. Start small and think big. It works for lots of people. I realize that businesses fail all the time and in fact according to the SBA most fail in the first six months.
If they own the land out right, that's a pretty good start. Maybe start with five sites and do them well.
Let's take a look at the other side of the coin. I will say though that if they are far away from any type of connection, internet will cost them a fortune and that is a driver for most rv parks, hotels, and retail businesses.
