I’m Donna Bordeaux with CampgroundAccounting.com. Has the thought crossed your mind that maybe you want to sell your park one day in the near future? By the near future, maybe within the next three to five years, whatever your timeframe maybe it’s important to prepare.
From the day you purchase your park or build it, you should be preparing to sell it. Let’s talk about what you need to get ready if you’re thinking about selling. We help our campgrounds prepare a package of Pre Diligence. The Pre Diligence process is a gathering of information, Tax Returns, Financial Statements are the very common pieces.
But some are not so common, we want to help create a teaser to show people what your campground is all about and what you’ve achieved. So we’re also looking at things like occupancy rates, ADR, the average daily rate, looking at how many sites you have, have you done some expansion to your park? What are the potential things that could be done by a new owner to increase the value of their investment?
Gathering many brokers who work with campground owners have a tough time gathering that information, and it’s not available in a lot of cases. They may have poor record keeping systems or heaven forbid non-existent. You want to have a listing of all of the assets in the park. You want to have plans for zoning and all of the initial permits that went to opening your park. There’s a lot of information to have ready in that Due Diligence process.
We work with many campground owners who have been very successful. We’d like to think that part of that is being well-prepared for it. If you were considering selling your park or like to get help getting everything lined up so that you maximize your sale price, we’re here to help. I’m Donna Bordeaux at CampgroundAccounting.com. Schedule an appointment with us to see what we can do to help you get your part roomed and ready for sale at the highest dollar amount possible. Just click on the let’s check in the upper right corner of our website.
Donna Bordeaux, CPA with Campground Accounting
What happens when you send two CPAs out into the relaxing outdoors to camp? You get CampgroundAccounting.com. Donna and Chad have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They camp and travel across the country every chance they get, so it’s just a natural fit that they focus their CPA skills on helping campground owners throughout the USA grow their businesses and minimize the impact of taxes. They understand the key performance indicators and specialized issues that face RV park owners every day.