At Sage Outdoor Advisory, our Feasibility Studies for RV Parks are designed to provide investors, developers, and operators with a solid foundation for decision-making. Our approach is grounded in a comprehensive analysis that evaluates market demand, financial projections, site viability, and competitive landscapes.
Breakdown of Our RV Park Feasibility Studies:
Industry Overview
- Economic Trends: Examination of economic indicators and their impact on the industry.
- Tourism Analysis: Insights into tourism patterns and their influence on the market.
- Outdoor Recreation: Evaluation of outdoor recreational activities and their popularity.
- Outdoor Hospitality: Trends and forecasts in the outdoor hospitality sector.
Area Analysis
- Location Assessment: Detailed review of the geographical location and its advantages.
- Demographics: Analysis of population statistics and demographics relevant to the trade area.
- Recreation Opportunities: Identification of recreational amenities and their appeal.
- Demand Generators: Identification and analysis of key demand generators for the business.
- Accessibility: Evaluation of transportation infrastructure and accessibility.
- Area Development: Insights into current and future development projects in the area.
Market Analysis
- Competitive Summary: Overview of existing competitors and their market positions.
- Market Opportunities: Identification and analysis of potential market opportunities.
- New Competition: Assessment of emerging competitors and their potential impact.
Revenue Projection
- Rates Projection: Forecasting future rates based on market trends and data.
- Occupancy Trends: Forecasting occupancy rates by unit type and any potential stabilization period.
- Insights and Trends: Utilization of Sage’s proprietary outdoor hospitality database for trend analysis.
Operating Expense Projection
- Expense Analysis: Detailed breakdown of projected operating expenses.
- Industry Averages Comparison: Comparison with industry averages to benchmark performance.
Pro Forma / Net Operating Income
- 10-Year Pro Forma: Long-term income and expense projections, with a monthly breakdown during the stabilization period.
- Net Operating Income: Calculation and analysis of projected net operating income.
Site Analysis
- Zoning Requirements: Review of zoning regulations and compliance.
- Flood Risk and Wetlands Assessment: Identification of any flood risk and / or wetland areas and related restrictions.
- Physical Restrictions: Analysis of physical site limitations.
- Utilities: Evaluation of utility availability and infrastructure.
- Transportation Analysis: Assessment of transportation links and access.
Development Costs
- Site Development Costs: Preliminary estimation of site development costs.
- Unit Cost Projection: Detailed unit cost projection for development of any glamping / lodging units.
- Amenity Cost Project: Preliminary estimate for all amenities, support structures and FF&E.
- Total Cost Projection: Comprehensive total cost estimation for the project.
Feasibility Analysis
- Debt/Financing Analysis: Calculation of projected debt payments.
- Debt Coverage Analysis: Evaluation of the project’s ability to cover debt obligations.
- Net Income to Equity After Debt: Calculation of net income available to equity holders post-debt.
- Return on Investment Projection: ROI analysis for the proposed project.
- Feasibility Conclusion and Recommendations: Final feasibility assessment and strategic recommendations.
Our feasibility studies are not just reports — they are blueprints for success. We utilize the largest proprietary database on glamping and outdoor hospitality, combined with our extensive experience, to provide insights that can transform a vision into a profitable reality. With Sage Outdoor Advisory, embark on your RV park venture with confidence, backed by data and expert analysis.