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View comments from our customers
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This issue of the RVParkStore.com Newsletter
includes:
-
A Great Sign for your RV Park and
Campground is an Investment and Not a Cost
-
RV Parks and Campgrounds For Sale
-
Featured Listing
-
RV Park and Campground
Memberships For Sale
-
RV Park Employment
-
RV Park Due Diligence
-
The Best Kept Secret in Arkansas
-
Tell us what you think and send
us your articles!
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A
Great Sign for your RV Park and Campground is an
Investment, Not a Cost
Many RV
Parks and Campgrounds that I have purchased and
driven through have older signs that may be leaning
over or have faded lettering and other problems.
You need to
understand that your well designed and attractive RV
Park Sign is extremely important to making money.
Your sign is a pretty busy employee:
- It
offers a current and potential guest tenant the
initial positive impression of you property.
- It
gives the phone number of the park to anyone
interested in staying there.
- It
impresses city inspectors and officials
- It
impresses bankers and appraisers
- It
works for you 24/7, takes no vacation, and lives
on nothing but sunshine.
I would
propose that one of your substantial investments in
fixing up your RV Park up be to buying and
installing a professional quality sign.
I would
empathetically recommend against signs of wooden
construction. Exposed to outdoor conditions, wood
just doesn’t work well. It fades cracks and
eventually rots. Even sandblasted signs don’t seem
to be built for longevity.
I prefer
signs of metal or plastic construction with vinyl or
molded letters – nothing painted. Paint fades and
flakes off over time.
I always put
the name of the park and the address on the sign,
and then attach the phone number with two hooks to
hang under the sign. I do this so that if you
change the phone number you can just change out this
panel and not the entire sign. Also, when you sell
a park, if needed, you can just detach the phone
number and the new owner can attach his phone
number.
I choose a
sign design that works well with white vinyl
fencing, which I also always use at the entrance.
It would be a great touch if you came up with a
standard entry design that helped accentuate you
attractive sign.
Sure, a
professional quality sign is expensive – but look at
all the benefits. When you go to sell the park,
that nice sign and the great first impression it
gives the buyer, may make you 100 times what the
sign cost. And that doesn’t count all the income
that the park derived from impressed drive-thru
residents.
Remember, a
sign is not a cost – it’s an investment!
Dave
Reynolds and Frank Rolfe
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RV Parks and Campgrounds For Sale
We currently have over 375 RV Parks for sale and
the list is growing daily. So far this year RVParkStore.com has
helped many campground investors find their property and there are
several more in the works.
At last count, there have been over 80 confirmed sales
so far this year!
In the past 60 days, there
have been over 100 new RV Parks and Campgrounds listed for sale on RVParkStore.com.
If you are looking to sell your RV Park or
Campground, now is a great time to start marketing it before summer.
We are still currently offering a FREE 15 day trial period to test the market.
Find out more about
Selling your RV Park.
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7-19-07
Diane,
Enclosed is payment for our listing in Ripley, OH. We had well
over 100 inquiries! We closed June 29th! Your site was a
blessing. We are still amazed at the number of calls. The ad
only ran 15 days!
Thanks,
James & Jamie
7-8-07
We sold the subject park for the full listed price of $1.7
million! Thank you RV park store!
Thank You!
Jim & Judith
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Featured Listing
RV Park For Sale in Texas Hill
Country #300
Beautiful 83 RV site and 75 mobile home site park with
two distinct areas with separate entrances. The park is approximately
23 plus acres with lots of frontage on a main highway with a new Super
Wal-Mart across the street. City water and sewer, paved roads
throughout, 200 amp electric in the mobile home park which is 93% full
and 20/30/50 electric in the RV park. Super nice metal and textured
block buildings, with one being approximately 6000 square ft. which
houses the office, rec. hall, restrooms, etc. If you are looking for a
really nice park and especially one with the stable income of a mobile
home park, request the info on this one. 80 plus year old owner wants
to simplify his estate.
Asking
$2,200,000.00
For More Info
Contact Information:
Russell Baehre
830-896-5050
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RV Park
and Campground Memberships For Sale:
This section of RVParkStore.com is picking up
speed. Memberships are being listed and sold quickly. With about
130
memberships currently for sale, this continues to be the prime outlet
to buy and sell campground memberships.
Best of all, when you are selling your membership,
we do not charge you up front to do so. You only pay us if you are
successful in finding a buyer from RVParkStore.com.
Find out more about
Selling your Campground or RV Park Membership
7-24-07
Enclosed my check for $50.00 a great website was sold the
very next day after posting. Received dozen of calls and
emails on it.
Sincerely, Gilbert
7-24-07
Thanks for your service. Sold within a week. Please remove
from website.
Thank You, William
7-23-07
Dear Diane
The membership sold within 2 hours from the time of listing.
I will be happy to send you your $50.00 as soon as the
transaction closes. I presume I send it to the RVPark Store,
P.O. Box 457, Cedaredge, Co 81413. Thanks for the help-
Sincerely, Alan
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| RV Park Employment
Listings: Are you
searching for good quality employees or looking for a position with an
RV Park? Then be sure to visit our ever growing employment listing
sections.
All listings in these sections are
FREE!
Check out
the Help Wanted Section
Check out
the Work Wanted Section
Post your FREE Listing Here
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Due Diligence:
Excerpt from How to Buy, Sell, and
Operate RV Parks and Campgrounds Ebook
When you put an RV Park under contract
you will definitely want to have a stipulation in the contract that will
allow you confirm what the seller has said so far as well as evaluate
the overall feasibility of the purchase. Due Diligence will look at the
physical, economic, demographic and market feasibility of the project.
This time period is usually between 30 and 60 days.
In conducting your due diligence you are
looking to identify anything that poses a potential issue and that
you are able to change or fix. These usually deal with the
cleanliness of the park (junk & trash piled up), mismanagement, lack of
rule enforcement, collections, expenses that can be reduced.
But more importantly you are looking for
those problems that you may not be able to fix or that will be very
expensive to fix. These types of issues usually deal with the size
of the lots, reputation, problems with location, flood plains, drainage
problems, bad configuration of lots, water, sewer, electric, and gas
line problems.
In conducting your due diligence you may
call on experts in surveying, accounting, marketing, financing,
plumbing, electrical, and legal.
Ask the Seller to
provide you with
the following (if applicable):
-
City, County and State Permits and
Licenses
-
Sewer Plant Records and Readings
-
Water Well Tests and Compliance
Records
-
Existing Surveys or Environmental
Reports
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Water and other Utility Meter
Reading Records and Formulas
-
Property tax bills for the last 2-3
years
-
List of all Personal Property
(Equipment) that is to be transferred at closing
-
Copy of current insurance policy and
binder showing premiums and coverage’s
-
Current staffing list including
position, wages, job descriptions
-
Any drawings and maps of the park
and infrastructure and size of lots
-
Any Contracts that will be
transferred to buyer at closing (laundry, trash, phone)
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Affiliations with Camping & RV clubs
and Franchise Agreements.
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Current advertising agreements with
National RV directories (Woodall’s, Good Sam’s, etc)
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Bank Statements
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2-3 years Tax Returns
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2-3 years Profit and Loss
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List of Capital Expenditures for the
last 3 years
-
Listing of any current park
infrastructure problems (water, sewer, gas, electric)
-
Any prior or potential future jumps
in occupancy due to major construction projects
-
List of all reservations for
upcoming year
-
For parks with permanent occupants:
Rent Roll with specific homesite number, name of resident, move-in
date, monthly rent, current balance, additional charges, number of
occupants, and a brief history of the resident (good resident / bad
resident, special circumstances, etc)
-
Names and phone numbers of all of
all contractors used in the last few years – plumbers, electricians,
propane, gas, roto rooters
As you are receiving this information
from the Seller you will want to evaluate it with the other information
you receive from outside sources.
If you do not take
anything else from this book make sure you read this section very
carefully.
Here is a quote I
that I have slowly learned to live by and is the driving force behind my
due diligence process.
“Your Instincts
STINK…Do Proper Due Diligence”
Doing proper due diligence will save you
from making potentially hundreds of thousands of dollars in mistakes.
In addition, it will allow you to learn about the park you are looking
to purchase and if you find something that is needing attention, you
will have the facts and figures to either scrap the deal or renegotiate
to make the deal work.
I have heard the saying many times that
“you make your money when you buy the property”. I would like to add
something to this and that is “you will potentially lose more money by
not doing your due diligence than you will ever make”. Many times
properties that are priced so well that they are too good to be true are
exactly that… too good to be true.
Here is a list of
the items you should consider in doing your Due Diligence.
These are not
necessarily in any order:
-
Park Location Issues
-
Flood Plain
-
100 year and 500 year Flood Plains
-
Noise Problems
-
Required Licenses
-
Other
Profit
Center Licenses
-
Long Term Issues
-
Grandfathered Zoning
-
Review Reports
-
Directory Rating
-
Management Expectations
-
Interview the Customers
-
Talk to RV Dealers
-
Visit the Park
-
Chamber of Commerce
-
Real Estate Brokers
-
Tax Assessors
-
Get the Numbers and Verify
-
For Insurance Purposes
-
Water Lines
-
Sewer Lines
-
Electric Service
-
Gas Service
-
Fire Hydrants
-
Trees
-
Roads
-
Drainage Problems
-
Sewer Plants
-
Lift Stations
-
Investigating the Property
-
Water Wells
-
Who is Responsible
-
History of Rate Increases
-
Count the Lots
-
Late Fees
-
Security and Reservation Deposits
-
Check the Leases
-
Hazardous Materials
-
Other Items
-
Recent Survey
-
Current Zoning
-
Lot Sizes
-
Other Site Issues
-
Combination Parks
-
Street Lights
-
Plat Maps
-
Park Equipment
-
Market Survey
-
Building and Zoning
-
Long-term Resident Issues
When doing your due diligence,
there are some things that you just cannot change and the risk will just
be too high to proceed. Other things may just be too costly.
Other areas of the due diligence may discover smaller problems that you
should be able to change with proper management and operations and can
lead to quick equity and profit increases.
The preceding was an excerpt
from:
How to Buy, Sell, and
Operate RV Parks and Campgrounds
Written by Dave Reynolds, RVParkStore.com
Available for Instant
Download!
Find out more about the Book
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Best Kept
Secret: Motor Home Parks in Arkansas
Arkansas is a
great state to drive though, and has a distinctive “laid back” attitude
that might fit you, especially after experiencing the full power of
neighboring states like Texas and Louisiana. First, Arkansas offers
plenty in the way of tourist attractions. There are wilderness grounds,
mining for diamond, hiking and camping activities and cavern tours.
When it comes to
finding a nice place to stay,
Arkansas is the Rv'ers best kept secret. There are over two hundred
public facilities and RV parks scattered all over the state, while the
Arkansas State Parks system offers 28 campgrounds. If you have plans to
explore the wilderness or enjoy some deep woods camping, then the
Natural State is one of the best states in the nation.
The Ozarks,
which is a plateau that covers four states, and is sometimes referred to
as The Ozark Mountains, is a great place to explore and many
RV facilities are offered deep in the Ozarks terrain. The Bull
Shoals – White River State Park in Lakeview boasts 107 RV sites, with
many additional amenities. Near the lake, you can also rent boats,
kayaks and canoes for water sporting activities.
Even in the
southern part of the state, there are plenty of things to do and more
than enough RV parks and facilities to keep the full timers happy. Lake
Chicot is a state park right on the Mississippi delta and accommodates
RVers with prices as low as $13 dollars a night. Even at higher prices
for the lake view, instead of the woods view, that's still a great deal.
Other regions
include River Valley, Central, Ouachitas and Timberlance, each with
campgrounds set up in different cities. Arkansas has affordable prices
for extended stays and many attractions to keep the whole family happy.
That's a secret worth spreading around.
Article
By Adam O’Connor,
www.RVTravelPro.com
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Tell us what you think!
We'd love to hear what you think of this issue!
We need your articles - send your articles to
dave@rvparkstore.com to be included in
upcoming newsletters (this is a great place to promote your company for
FREE!).
Please send your comments, questions, articles, and ideas for
upcoming issues to us at:
dave@rvparkstore.com
Your feedback matters to us!
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| Until Next Time, Dave Reynolds
RVParkStore.com
18923 Highway 65
Cedaredge, CO 81413
PH: 800-950-1364
FX: 970-856-4883
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