The RV popularity wave is quickly sweeping across the nation as more families adopt camping as a recreational activity. Despite the upheavals caused by the pandemic in 2020, RV manufacturers and sellers recorded peak sales throughout the year. As more Americans embrace RVing as a way of life, the best way to invest in property real estate may be to own a family campground.
Record-Shattering RV Sales During the Pandemic
Almost six out of 10 households report they have one person that regularly goes camping. If you are interested in joining the leisure industry for your next investment pursuit, consider buying a campsite franchise. The numbers support the argument.
With international and domestic flights grounded and many families confined to their homes, many travelers itched to hit the road. The worry about crowded hotels and attraction sites made traveling by RVs become increasingly attractive for most households. In August 2020 alone, RV sales toppled over 39,000 units. As more Americans buy RVs, family campgrounds and RV parks are seeing a surge in numbers.
A recent report reveals that 18% of first-time RV campers intend to continue camping through 2021 and beyond. With the increased demand for campsites, you may need to invest in property campgrounds for sale.
Turn Your Hobby into a Passive Income Earner
If you have always loved the outdoors, owning a family campground franchise is an excellent way to generate additional income from an activity you love and enjoy. RV parks are among the highest-yielding investments of all real estate classes.
Once you invest in property campgrounds, you may receive returns of between 10 to 20% on your money. Other real estate markets offer an average of 8.6% return annually. With most RV parks working on a cash basis, you can significantly improve your cash flow as you enjoy your reconnection with nature. You can also bank on the growing market to cash in more money through proper marketing.
Campground Franchises Will Hold Your Hand Throughout the Process
Another reason to invest in property like campsites is the ability to have a mentor to guide you as you grow your business. Real estate franchises such as Yogi Bear’s Jellystone Park provide regular training programs to their franchisees at no cost. You can stay on top of the camping industry trends, allowing you to align your business for success.
Additionally, you can benefit from their nationwide marketing to boost the occupancy rates on your campground. With strict adherence to franchise guidelines provided, RVers can expect the same quality service across all franchise RV parks, making it more likely for them to choose your campground when in your location.
Moreover, campsite franchises can help you create and finetune your business plan. You can create a three-to-five-year projection plan that will outline your goals for the investment. Besides, you can easily secure financing from lenders through the brand name of the franchise. Franchising makes it easier to break into the leisure industry.
It’s Time to Invest
If you are looking to invest in property real estate, consider family campground franchises. You will not only expect high returns on your investment but also receive a helping hand in the rapidly expanding market. To discuss more on the benefits of owning a campground, reach out to Yogi Bear’s Jellystone Park.