The last week has been a productive one. Shawn received some financial data from the campground, so we have had a lot to ponder. At first glance, the campground is in horrible shape in terms of profitability. The way it is now, it could not support my family and my brother’s future family.
After a deep analysis of the campground and the area around it, we are quite confident that the current owners are holding the campground back mostly because of their age. They have put a lot of years into the park, but are now ready to move on to the next chapter of their lives.
A big investment needs to be made into the campground in the way of curb appeal and upgrades. The water and electrical look sketchy in places, and the land itself has had a lot of clear cutting done.
The upside is the price and the potential. The park is located in a great place, so with a few nature trails, and some web marketing, the place could really take off.
Kellie and I are fully on board with the plan to purchase, as is my brother Shawn and his girlfriend. Our parents are reserving judgment, but only because there is still so much to do before we could ever own the place.
So now that we are committed to making a proposal to buy the campground, we can start working on a business plan.
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