Contact Information

Eric Crews

Land of Sky Properties

RV Park/Campground Details

  • Price: $369,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1188681
  • Posted On: Feb 8, 2020
  • Updated On: Aug 6, 2020

Property Description

This newly developed RV park features four full service sites ready to be rented, as well as eight additional sites that will be operational by mid July 2020.

Each of the 12 sites (once completed) will have it's own septic hookup, as well as water hookup and individual power meter with 50 amp, 30 amp and standard 110 outlet. These are large sites designed to accommodate the largest RV sizes.

In addition to the real estate, the Land of Waterfalls RV Park purchase would include the website (www.landofwaterfalls.site) and social media that is currently being used to take online reservations. So far, Land of Waterfalls RV Park has seen strong initial interest and high demand in the first month of operation. Currently, there are limited RV site rentals in the greater Brevard area despite having two of the most highly visited forest recreation areas in the state of North Carolina just a short drive away.

Based on current demand, we anticipate annual revenue for the 12 sites with 200 night occupancy to be $132,000 per year with projected EBITDA of $98,427 when anticipated expenses have been paid.

Recent work this spring and summer includes the construction of the eight additional sites (currently underway), the addition of new interior roadways to provide greater access to the sites, a full septic service of the four existing 3 bedroom septic systems, approved plan from the county to expand to 12 sites using existing septic systems, construction of a high capacity well and the addition of a privacy fence around the majority of the property. A new electric system with 400 amp service is currently being installed to service the eight new sites and well.

Inquiries regarding the purchase of this RV Park business should be made to Mike Carrick by emailing mikecarrick@comporium.net

Location

The greater Brevard area of Transylvania County, NC is called the "Land of Waterfalls" thanks to the more than 250 waterfalls found in this scenic mountain region.

The Land of Waterfalls RV Park is a short drive from DuPont State Forest, Pisgah National Forest and the countless attractions found in the nearby towns of Brevard, Hendersonville and Asheville.

The Land of Waterfalls RV Park is the ideal starting point for a wide range of adventures including hiking, mountain biking, scenic drives, fly fishing and outdoor relaxation.

The property is located just 15 minutes away from DuPont State Forest, which has over 1 million visitors each year and is one of the area's many destinations for outdoor recreation.

The Pisgah National Forest is also just a short drive away.

Nearby towns and cities include Hendersonville, Brevard and Asheville - all of which are well known for their tourism and popularity.

Currently there is a shortage of available RV camping locations in the region, which should make the rentals and reservations at this newly developed park in high demand.

Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 12
Year Built: 2020
Average RV Lot Rent: $55
Size: 2.7 acre(s)

Financial Information (Pro Forma)

Gross Income $132,000
Operating Expense $33,573
Net Operating Income $98,427
Expense Ratio 25.4 %
Debt Info none

Utility Information

Water: Well
Sewer: Septic

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