|Did you know that there are over 12,000 different RV businesses in the United States alone, with a revenue of around $37.5 billion every year? One of these business models, the RV park, provides many investment opportunities for interested venture capitalists. Here’s what you need to know about managing one of these parks if you expand your investments to these areas.
Define Your Management Duties
Do you want to take a hands-on approach to park ownership and management? Or would you rather hire a group to handle these steps for you? Often, it is better to hire a team of professionals who live near or even on the park and who can handle its management year-round. In this way, you can focus on other elements of your life and give yourself the time to focus on other elements.
Know What Your Campers Want
Your RV park has to be more than just a place where campers park their vehicles. Your customers will expect things like swimming opportunities, groceries for easy purchase, arcade games, and much more. Define what kind of park you’re going to offer and then upgrade it to meet your customers’ expectations. Try to avoid overspending at the same time.
Staffing Your Park
The nice thing about your park is that you aren’t going to need a ton of full-time people on-staff year-round. You’ll need people who can maintain the park, individuals who can provide safety protection, and help your campers check-in. It would help if you also had a maintenance specialist who could keep your park looking strong.
Prepare for the Slow Season
Your park is going to have a slow season during the fall and winter, during which you’re likely to get little or even no customers. You can shut down during this time. Save up for this season, as well, taking the money you make and investing it into keeping the park strong for the next year.
If you follow these simple steps, you can manage your RV park successfully, either as a hands-on manager or a silent partner. The role you choose will vary based on your needs, so make sure you feel comfortable handling any of these duties if they ever fall into your lap due to necessity. In this way, you can take over and make sure that your park remains strong and successful.
You also might be interested in
Owning and operating a campground franchise is just like operating[...]
Camping is one of the greatest American traditions. Numerous camping[...]
If you are looking to invest in the leisure industry,[...]
Theresa Isaacson – Caledonia, WI
We’re going to be entering our 13th season, and I sure would hate to own a property without being Yogi branded. I don’t think we’ve ever had a down year. We just continue to grow. The reason we really like Jellystone Parks is because of the support behind us. With other parks in the system, we have 75+ sources of question-and-answer type people to go to. The suppo… Read more
Daren & Lorraine Carlson – Hocking Hills, OH
The Jellystone Park brand has made a huge difference in our business. If we had 50 more sites and more cabins, they’d be filled every weekend.
Ray Aljets – Sioux Falls, SDThree generations of my family have operated our Jellystone Park location and I can say with the utmost confidence that the Jellystone Park system has had a dramatic impact on our bottom line. Opportunities to increase guest satisfaction and revenue are everywhere and the creativity of those in the Jellystone Park system keep me on the leading edge of both the family … Read more
Sean Vidrine – owner of four Jellystone Park locationsWe have seen 15% growth year over year. Our retail sales are up 50% and our occupancy is up as well. Seeing our guests’ faces light up when the characters are out is priceless.
Jessica & Mickey Spak – Chautauqua County, NYI love the support from the franchise. I would tell any prospect looking at converting or building a Jellystone Park, that it’s the single best business decision you can make.
Susan Novotny – South Haven, MIWithin 5 years, we have more than tripled our revenue. We have no regrets becoming a franchisee of Jellystone Park!
Bob & Beth Ryan – Mannford, OKOur family has been a franchisee for over 30 years. The support that both the franchisor and fellow franchisees offer goes above and beyond expectations.