SELLER FINANCED CAMPGROUNDS

This is a business-financing technique in which a buyer borrows from the campground seller instead of, or at times in addition to, a bank. It is sometimes referred to, or called owner financing, land contract or purchase-money mortgage.

A campground seller agrees to finance a portion of the sales price over a specified term at a specified interest rate. If the campground seller is doing seller financing on the entire amount, the buyer pays a down payment up front, to the seller directly, and continues to make payments according to the agreement with the seller.

$3,600,000

426110

This successful Northeastern RV park for sale includes over 200 sites on over 100 acres. Seller requires Confidentiality Agreement. Contact us for more information.

$3,450,000

3252690

Highly awarded, franchised park strives for the best guest experiences with their great customer service. This is a fun place for people of all ages to spend weekends, vacations and holidays. Plus, there are about 35 sites for guests staying a month or more. Features include 275 sites on 39.94 acres. Sites include 113 full hookup, 19 cabins and 1 rental motorhome. Access to the 3000 acre lake is only a short walk from the park.

$3,000,000

2977195

The 170 acre property has 130 sites, all full hookups. Some of the sites are pull-throughs and most of the sites are big rig friendly. The park is on a state highway very near an interstate highway. This high-end park has seasonal clientele as well as weekenders and overnight RVers. The amenities include a huge swimming pool, store, rec. room, pavilion, spring-fed lake, and play areas. The main building is very impressive and is a buzz of activity. Engineering plans are completed for the 444 site property the current owner envisions. Phase 1 has been completed, phase 2 is underway. The Seller has offered to complete the remaining phases of the project for an additional sum. Terms and conditions would be negotiated separately.

$2,400,000

440169

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!

$1,800,000

3313370

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.

$1,600,000

421570

Established year round campground located in a rural setting rich with historical sites, yet within an hour’s drive of major metropolitan areas. The park is less than 2 miles from a major interstate, so overnight guests often join those staying for several days or more. The park has the facilities to accommodate large groups (up to 150) for club gatherings and rallies, and these are an important part of the park’s business.

$1,600,000

3312148

Scenic destination 45 minutes from a major city and just five minutes from a State Park. Guests come for the many local attractions and natural beauty. Families with children can camp for the weekend. This park is unique to the competition because of the location and amenities. Laundry facilities, hot showers, liquor store, convenience store and propane filling are features that area campgrounds lack. Having these amenities on site ensures the park receives a lot of business from campers staying at other parks.

$1,500,000

427455

This is a modern family-operated campground, benefiting from it’s central location between three metropolitan areas. There are beautiful shady sites along a scenic river and for those who love fun in the sun, there are sites along the pond. Whether guests are traveling for a couple of hours or just driving down the road, this thriving business offers an unforgettable outdoor experience.

$1,300,000

2978873

Well established fixture in this popular tourist area, this park is very close to national park access. Its proximity to historical attractions make this a much desired opportunity. Features include 155 sites, 42 of which are full hookups, several tent sites and 20 cabins. The buildings and pool are in great condition. You simply will have to put your stamp on it and reap those rewards.

$1,200,000

3309410

This park offers a prime location one mile from an entrance to a much visited national park. Also located in the largest city in the county, guests will not be lacking for services. Nature is king in this area and the reason it is such a destination. This park features 53 sites, 40 of which are full hookups, 13 tent sites in a designated area, a well-stocked store and gasoline station along a busy road.

$795,000

421295

This excellent location brings you all the best America has to offer business owners. An Interstate junction is nearby that brings people from all parts of the country and continent. Five direct profit centers in this business are the RV park, propane sales, pizza café, Laundromat and the newest is the pub. The park features almost 15 acres and 66 sites.

$750,000

3312945

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.

$695,000

422635

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.

$650,000

597097

With 700 feet of river frontage and close to a popular hiking trail, this opportunity brings a lot of guests who enjoy nature, family fun and an active lifestyle. Guests won’t have to leave the park for their entire stay—the store is fully stocked, the restaurants are great as are the boating, canoeing and fishing. Now is the time for you to tap into this turn-key business. Features include 35 campsites on 3 acres, recreation building, restaurant and store.

$579,000

450608

Established franchised park has recently been upgraded and continues to be updated. The sites have good curb appeal and features have been added to the business. Guests enjoy being in the woods where it is quiet and peaceful, yet they are close to city conveniences. The park features a total of 54 sites on 20 acres. Included in the site number are 5 cabins. The park also has a store, snack shop, pavilion and a water slide.

$390,000

426521

Built with quality products and the convenience of guests in mind. Located just off a major highway, the area attracts travelers all seasons. Completed features include 30 sites, half are full hookup with 30/50/110 amps, other half are water and electric, bathhouse, store and laundry on 40 acres.

Why would an owner offer
seller financing on a campground?

Many potential buyers just don’t have the necessary capital or business lender resources to cash a seller completely out.

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.

PARKS AND PLACES INC :: Phone 616.301.0765 - Email sales@parksandplaces.com - FAX 616.431.4140
Florida Office :: 2937 Brandemere Dr, Tallahassee, FL 32712
Michigan Office :: 1734 Timberlane Ln NE, Grand Rapids, MI 49505
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