Pros and Cons of Owning a Campground
If you are considering owning a campground, there are a lot of questions and information to take into consideration. First of all, is owning a campground profitable? With the correct measures and a lot of hard work, the answer is that a campground, RV park, or resort can absolutely become a profitable investment. Before you make any decisions, consider the pros and cons of this business investment.
Cons of Owning a Campground
The first thing anyone considering owning a campground or resort needs to understand is that this business is a lot of work. You never get summers off! In the Midwest, this is a service industry that generally speaking is always busy in the summer months from Memorial Day to Labor Day. You always have to be ready to provide a great experience for your guests!
Customers expect nothing less than your best. This means that every weekend when guests are relaxing and enjoying their vacation, it is your job to put on your best attitude, best customer service, and best smile. It can be exhausting, but customers look for that “wow” experience that will have them coming back year after year.
One of the more difficult cons of owning a campground, RV park, or resort is accepting the fact that you will miss many family events especially in the first years of business. The hard truth is that most of our families celebrate weddings, birthdays, anniversaries, graduations, etc on the weekends when you’re the busiest! Until you are able to get your campground solidly on its feet, this is a reality you will have to live with.
Pros of Owning a Campground
With all these cons of owning a campground, why would anyone want to purchase one at all? This answer is easy. Owning a campground is not only profitable, it is also an incredibly rewarding experience. While you will be busy, you get to be your own boss. This means setting your schedule based on the needs of your park and your own personal agendas.
Another major pro is that campgrounds, RV parks, and resorts are all cash businesses! Give yourself some time as you learn to manage a campground or resort. How much profit a campground produces depends on the first few years of hard work and proper management. But it is all worth it and with time your investment can pay for itself and then some!
While your summers may be busy, campgrounds, RV parks, and resorts are seasonal businesses. Take the winter off and go somewhere warm to recharge your batteries. You will have earned it! As for your home, many campgrounds and resorts have an owner’s home on the premise so you can enjoy a cost-free living.
Weigh Your Pros and Cons of Owning a Campground to make the Right Decision for You
While there are a lot of factors to consider before buying and owning a campground, the end result can be tremendous! The work that goes into owning your campground may seem daunting, but it is all worth it for the benefits that come with it. As a cash business that is busy through the summer and cost-free living arrangements on the property, owning a campground can be a smart investment with the potential for a large profit. So don’t be afraid to take the next step. For any questions about buying a campground contact John Jaszewski.