westernrvparkowner wrote:
Here's your barriers to entry if you own the land.
1. Permitting, plan on 2 years and $50,000 for engineering reports and environmental impact studies.
2. Construction will take a year and cost +/- $15,000 per site (roads, pads, utilities and landscaping).
3. Add another $100,000 plus for office, restroom and common facilities such as laundry basic and recreation like a goofy golf course and playground. (no pool, that would add $75,000)
4. After those three years, it will take at least 3 more years to build business. Your new business will have no web presence, no repeat business, no reviews, it will not be in any of the guidebooks and won't be shown on any GPS.
5. Unless you heard voices from above like Kevin Costner, you won't know for sure that "if you build it, they will come"
So you will be spending, rather than collecting for six years. Better have a long investment horizon and a whole lot of confidence you are doing the right thing. Building a new park can be profitable, but it can also be a money pit with no way out.
Agreed....
Friend bought 8 acres of land on HWY frontage that was just a illegal dumping site'
took Him 2 years to clear, clean and grade property and get permits for RV Park
50 sites FHU 50A.----3 years to get to door open for business
Originally it was 3 septic tanks with appropriate leech fields.
City turn him a curve...no leech fields------on site treatment plant.
So now he is pump/haul.
Idea was to build/open doors and then sell for profit
Turned into on site living, 24/7 'job', getting work campers and dealing with PUBLIC PLUS City Hall. :S
Yeah.....go ahead ---build that RV Park
