In order to show a profitable model, RV park business plans need to demonstrate that the costs associated with purchasing and running a recreational vehicle park can be outweighed by the fees you assess to the residents who visitors who use it. RV parks are common throughout the U.S. and are frequently located near to large tourist attractions or along freeways leading to common vacation sites. The business plan you write should describe the location you have in mind and make an attempt to examine the “user traffic†it will see along major roads nearby. Regional/city demographics can also be relevant – check the Census Bureau for these. Questions to answer in the plan include the following:
• What competition do you face – both first-tier/direct (other RV parks) and second-tier/indirect (camping sites, motels, etc.)?
• How many employees will you need to help run the park?
• What amenities will you offer to RV owners?
• How much capital do you need to get going?
• When do you figure break-even can be reached, based on the capital raise you need?
The financial questions can be addressed by completing a pro forma model that shows 3-5 years of anticipated revenues and expenses along with tables like a balance sheet, cash flow statement, profit and loss, and use of funds. You should also talk about marketing techniques, your potential future services, and your brand and competitive edge. Also profile your executive team. MasterPlans is here to help if you need it – we have written many RV park business plans and can deliver a funding-ready document to you within about 2 weeks. Let our experts take care of it for you – 877-453-2011.
