As an entrepreneur, you likely don’t see the option of a campsite franchise as having a great return on investment (ROI). Depending on the type of campsite you will open, this requires lower investment costs than many other businesses. Especially considering the potential for profitability as a very popular family vacation choice.
The Benefit of Many Campers Nationwide
Determining the proper location for a campsite may take a little research, and it could be anything from a campground to RV park or camping resort. At almost any location in the country, there is the potential for a large customer base. This may be a seasonal business, but this is also a popular type of vacation for couples and families. Statistics state that over 60% of campers at least 16 years old were married or living with a partner. Additionally, a majority of campers find it important that a campsite is “kid-friendly,” showing how many of these couples have their children with them.
The Frequency of Camping by Many
National polls show that there is at least one occurrence of camping in the family vacation schedule, with this being more than 60% of homes around the United States. Another thing to consider is that many of these people reported that they are able to travel less than 100 miles from home in order to take a camping vacation, which makes this an easy and affordable vacation for many families. Therefore, market research may be required to find a highly profitable campground or camping resort for sale, but it is a market with great potential.
Purchase a Campsite Franchise
Just like opening any other business, research is needed to make the right decisions about location and other franchise details. You may have to determine the best type of campsite to develop in the location you have chosen, or possibly the purchase of a business that is for sale and was profitable in the past. Luckily, there are a number of different options that exist within the camping industry that provide these same investment benefits and more. Some search options for finding the proper franchise for your business needs include:
- Reits investments
- RV campgrounds for sale
- Real estate investing
- Park campgrounds for sale
- Invest in an RV park
- Invest in real estate
- Family campgrounds
- Camping resorts for sale
Then there are additional steps that need to be made in order to determine the best way to progress with business management. This may depend on whether you are able to invest in the campsite franchise on your own or if you will need to take out business financing. Luckily, campsite franchises have only the most requirements in the business as to where the land is needed for your campers and where they will park their RV’s. Additionally, if you choose a camping resort there may be cabins included in the expense which will make things a little more difficult due to potential needs for luxury, some “kid-friendly” aspects, and free WiFi.