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The
Statistics of RV Parks and Campgrounds Sold
have been compiled from our 26+ years involvement in the
campground industry. In
compiling these statistics, we have gathered information on over 500
campgrounds and RV parks which have sold throughout the
U.S. Included in this analysis are overnight parks and destination
resorts, franchised parks and independent parks. Some were sold by
real estate brokers and many were sold directly by the owner.
We've filtered out non-typical sales, parks on leased land and
campgrounds that sold prior to 2002 leaving a database of 69
parks that represent an excellent benchmark from which to judge
what parks sell for on average. Even though no two
campgrounds are alike, there are many similar characteristics and common
denominators.
We've broken these
measurable common sold denominators into 5 points of measurement as explained below.
Realize these are only averages. Some
parks sell for more, others for less. This is a good "snap shot" of
pricing.
Statistics
of RV Parks
and Campgrounds Sold
-
Average
Downpayment as a % to Sales Price:
This is the average
amount of downpayment paid as a percentage of the total sales price.
-
Average Gross Income Multiplier (GIM):
The income multiplier
shows the ratio of the campground's sales price to it's gross
income and automatically adjusts for the dollar volume the park is
doing. The figure was calculated by dividing the actual price of the
campgrounds sold by their reported gross income. When applying this average to a campground you are
considering, you will multiply it by the gross income to get an
estimation of sales price range.
-
Average Gross Profit Multiplier (GPM):
Gross profit is gross income minus cost of
goods sold. This
multiplier was calculated by dividing the sales price of the
campground (site revenue, store revenue, etc.) by the gross profit.
This multiplier is similar to the Gross Income Multiplier,
but eliminates cost of sales. This
can be more accurate in the case of a campground with a large
convenience store or gas sales, etc.
-
Average Price Per Site (PPS):
This is what parks have sold for on a
sales price per site basis and takes into account the size of the park.
This average was found by dividing the campground sales price
by the total number of designated sites (we did not include overflow
sites or group areas). When
applying this average to a campground you are considering, you will
multiply this figure by the number of sites to get an estimation of
sales price range.
-
Average Gross Income Per Site (GPS):
This measures gross income on a per site
basis. This multiplier
was calculated by dividing the total gross income of each campground
(site revenue, store revenue, etc.) by the total number of
designated sites. This figure will help you determine if the
park you are considering is doing more or less income per site than
the average park.
For
an outline of the format in which these statistics are presented, call
(828) 452-1535.
Cost: $75 We
accept Visa and MasterCard.
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