Owning a campground can be a rewarding and profitable business venture. The campground and RV park industry has seen consistent growth, making it an appealing field for investors.
Industry Profitability
In 2019, the industry generated $7 billion in revenue across approximately 14,500 businesses, continuing a 2.7% annual growth from 2014. RV park owners may see a 10-15% return on investment, indicating it can be a good long-term investment despite initial costs. With around 12,000 RV-related businesses nationwide, accumulating $37.5 billion in revenue, investing in an RV park or campground seems promising.
Investment Returns and Management
RV parks present a low-risk, high-reward opportunity, often more attractive than stocks, bonds, mutual funds, and real estate. They generally offer a 10-20% return on the initial investment and allow owners to charge competitive campsite prices based on location and amenities.
It’s important to gain knowledge in campground management and research thoroughly before purchase. When setting up your campground, ensure to use coaxial cable instead of auxiliary when connecting cable at campsites.
Considerations and Skills
Prior camping experience and knowledge of the outdoors are vital for ensuring camper safety. Having first aid skills is also beneficial for addressing any injuries that may occur. When considering investment in the campground industry, thorough evaluation of industry trends and profitability is essential.