Camping is certainly popular throughout the United States. Statistics show that 60% of American homes house at least one person that has gone camping. Considering that, certain investors decide to own their own family campgrounds. It’s understandable to wonder what makes owning a campsite such a wise investment. With that in mind, here are three benefits of owning your own campground.
- Enjoying a Nice ROI
It’s understandable why certain people warn that investing is risky. That being said, the people often saying this are bad investors. If you want to avoid any risks associated with investing, it’s best to find an investment that offers high yields. Fortunately, RV parks offer this to many wise investors. Experts estimate that the average campsite franchise can report yields anywhere from 10-20%. Statistics from the RVIA estimate that there are nearly 30 million RV enthusiasts throughout the United States. Considering that, you’ll want to have plenty of room for RVs.
- Being Your Own Boss
Many people love owning family campgrounds because it allows them to be their own boss. You’ll not have to worry about someone barking orders at you in this environment. In addition, customers you’ll speak with are likely in vacation mode. This usually means peaceful interactions between staff and campsite attendees.
- Spending More Time Outdoors
Owning a campsite franchise allows investors to spend plenty of time outdoors. You’ll likely find that your campsite property is surrounded by nature. If you don’t enjoy this setting, feel free to hire your own employees. While spending time outdoors is great, your customers might expect a few amenities. A recent study found that one of the most important things for people at family campgrounds is access to wifi or wireless internet. Being able to offer this amenity will make your site extremely attractive to potential campers.
In closing, there are several beneficial reasons to consider owning your own campground. If you’re looking for a smart investment, you’ll want to consider owning your own campsite. Many smart investors find that campsite franchises are extremely profitable investments. If you can handle the work or hiring others to do it, you’ll love having your own campsite franchise.