How Much Money Do I “NEED” to Buy A Campground?

As much as possible! The biggest mistake new owners make is not having enough liquid cash for emergency needs, needed repairs, or expansion.

The key to a successful purchase is to expect the unexpected. Something will break – some glaring hole in service will be discovered that you will want to fix quickly. Having cash on hand for these things can make the first year more successful.

General Rule for Campground Financing

25% – 30% down is required by most banks. HOWEVER, this is not always the hard and fast rule. With great credit and other assets, many times I can get you financed with 15% down, sometimes less – depending on:

Seller Financing Help
Other Assets that can be collateralized
401-K (ROBS program can sometime be used to get 401-k money to be used to start up a new business).
Appraisal of the property
Strength of the Business Plan (which I can help you develop)

John Jaszewski

Owner/Broker – MN & WI

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