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  1. #11
    Looking Elsewhere
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    Yeah but if ypu habe a solid business plan the proceeds from the liquor store would pay for the extra insurance and any additional associated costs.

  2. #12
    The "Godfather" of COAR Great-Kazoo's Avatar
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    Quote Originally Posted by def90 View Post
    Yeah but if ypu habe a solid business plan the proceeds from the liquor store would pay for the extra insurance and any additional associated costs.
    A good business plan is always nice. However one cannot predict the foot traffic, to cover expenses.
    Look at the small business that have about folded, or did fold during the virus. All due to their foot traffic / tourist going form packed / fill up, to dead stop.
    The Great Kazoo's Feedback

    "when you're happy you enjoy the melody but, when you're broken you understand the lyrics".

  3. #13
    Looking Elsewhere
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    Sure, but a benefit of buying an existing business is that you get to go through their business records and see what their historic occupancy rates are. Also good research on the area should be able to come up with some pretty sound numbers on what to expect, people do it every day.

    As for the camp ground industry, it has exploded with the corona virus thing. People are buying campers and RVs like hotcakes and campgrounds are over full. It should be expected to remain at above average levels until people start feeling safe to fly again.

    As for buying an RV Resort/campground goes I have thought about it briefly then my experience as a business owner myself and also having worked in hospitality years ago brought me back to reality. Unless you have a great staff and run a tight ship your life will consist of dealing with idiots, assholes and people looking for a refund.

  4. #14
    Grand Master Know It All BladesNBarrels's Avatar
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    You might start with the owner that is selling.
    Try to get a candid conversation going - why selling, what problems do they encounter, what benefits do they enjoy.
    If they are evasive or reticent to answer your questions, then you can try alternative courses.
    I have found that legitimate sellers that want to retire or have had enough of the grind, will tell you.
    Buying Randall Made Knives and Randall 1911 Pistols

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