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$3,600,000 |
426110 |
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This successful Northeastern RV park for sale includes over 200 sites on over 100 acres. Seller requires Confidentiality Agreement. Contact us for more information. |
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$2,400,000 |
440169 |
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Your dream is about to come true! Well run, well maintained, profitable business venture in a popular vacation destination area that caters to families, boaters and anglers. The campground with a marina is located on the river. The river leads to a good sized lake and then to the “big lake”. You won’t believe the sport fishing here! Features include the 78 slip marina and 182 sites. Included in the sites are 10 rental units. It might be time to “catch” your dream! |
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$1,800,000
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3313370
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Built new in 2017, this RV park offers 41 full hookup sites, 14 of which are waterfront. With no competition in the area this park has a lot to offer. Amenities include kayaks, canoes and paddle boat rentals, concrete streets and pads, a dump station, 2 large restrooms with showers, and 3 picnic areas, two of which are on the waterfront. The park is near plenty of shopping and dining possibilities and not far from some of the best hospitals in the country. |
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$750,000
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3312945
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This year-round business is located in the middle of 4 cities on an 2,400 acre lake, 1500 feet of lake frontage. The resort consists of a marina complex (boat launch, boat parking, lighted covered fishing pier), a well liked restaurant, full service store and bait shop, motel, cabins, overnight RV sites and seasonal sites with full hookups. A large amount of sites are available for no hookup guests. Anglers can drop their line and catch largemouth bass, sand bass, catfish or crappie. BBQ pits, volleyball in the sand, and an outdoor concert venue are just a couple of the attractions available for guests to enjoy their stay by the lake. |
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$695,000 |
422635 |
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Well established combination RV park and mobile home park is in an idyllic setting of mature trees. Guests love spending days at the nearby lake swimming, boating and visiting with friends. Fishing in the nearby streams is great for pan fish cooked for dinner. This park is very well maintained and is very neatly kept. It features 83 total sites that include 7 rental trailers. Most guests stay for the summer. The town is a well-known vacation spot in the state. Many guests return year after year. |
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Why would an owner offer
seller financing on a campground?
Even if they do, they might be reluctant for what they consider an untried new venture in unknown waters. When that buyer opens the doors to their lender of choice, they will find many hoops they need to go through and many personal documents they will need to supply. Of course they will reach into resources for the down payment the lender requires (20% to 30%) – and added to that will be extra costs – like document prep fees, etc. It is a common misconception in this industry for a seller to assume that if a buyer has a great credit score and the necessary down, it’s pretty much a “done deal.” Not so. The entire business will come under a magnifying glass as much, if not more, than the potential buyer. In order to sell a campground it will have to appraise at agreed sale price or more, or the lender will not open the vault. In the meantime, the seller are “mentally packing” with fingers and toes crossed, hoping the lender says “yes” many weeks after the application process is first started. With lenders experiencing recent losses from escalating housing foreclosures, they are very cautious about lending money right now. They’re requiring more i’s to dot and t’s to cross.
With seller financing a buyer and seller can “get creative” to each others advantage. The agreement can be “interest only” payments, for a part, or full duration of the time frame before a balloon payoff is due. If a buyer has intentions of investing in something to bring in needed revenue to support the business, the agreement can contain escalating payments each year for the duration of the agreement – even adjusted interest rates (starting lower, and each year increasing one half to one percent). The balloon term can be as few as 3 years before the balloon payment is due in full, or the loan can run the full course of years until the entire balance is paid off. This creativity often makes seller financing attractive to a buyer and seller.
If you desire to have any amount calculated in amortization forms, please do not hesitate to call. Our intent at PARKS AND PLACES is to insure you understand all the “doors” available to you toward the goal of buying or to sell a campground or to sell an rv park.
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