MergerPlace

Highly Profitable RV Park

Florida (Polk)


  • Asking Price: $965,000
  • Gross Income: $260,560
  • Cash Flow: $163,603
  • Real Estate: $850,000
  • Inventory: Not Disclosed
  • FF&E: $125,000
  • Listing ID: #204543
  • Established: 1978
  • Employees:

Business Description

High return on Investment of over 15%.
95% of the lots are rented year round typically to retired and low-income workers who use it for permanent residence. Considering the limited number of options available in this range of price, the population of this park is very stable. The Park is well-maintained and peaceful.


Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: Florida
County: Polk

Company Information

Year Established: 1978
Home Based: Yes
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $965,000
Gross Revenue: $260,560
Cash Flow: $163,603
FF&E: $125,000
Real Estate: $850,000
Seller Financing Available: Yes

Property Information

Facilities:

The park comprises 37 lots. All lots are occupied by RV or trailers - 34 that belong to owner. The other 5% corresponds to the units that are refurbished each year between renters. Once updated, they rent very quickly.

Growth & expansion opportunities:

The potential for growth is limited considering there is no room for more lots. However the income is very stable and reliable. More than 50% higher ROI compared to most Real Estate investments. Additional services may be offered to increase income.

Competition:

Because of the demographics being served and the longevity of renters, there are few RV Parks that compare to this one.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ no cost. This park is considered a RV park even though it has long-time renters. The current owner has excellent people skills and is handy, which allows him to understand the work that needs to be done and how to solve the problems in the regular course of business. Buyer must demonstrate financial qualifications prior to obtaining additional information about this investment.

Contact Business Seller

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Business Listed By:

Celine Dufresne

Murphy Business Brokers