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Advert Ref: 1000002794
Three Highly Rated RV Resorts In The Northwest For Sale
- Oregon, United States
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- Business description
- These three recently renovated top-rated RV resorts have built a loyal repeat customer base by offering high quality physical improvements, great locations, and excellent hospitality. This has enabled the operator to increase rates at the same time that occupancy is increasing. There is absolutely no deferred maintenance. The resorts are located in Redding, California; Salem, Oregon; and Clarkston, Idaho. The resorts contain 337 spaces including 320 paved RV spaces, 14 unpaved tent spaces, 2 Yurts, and 1 Mobile Home space. An additional 52 spaces have been (or are being) approved, and there is a possibility of another 15 paved RV spaces & 20 seasonal tent spaces. The resorts are highly rated by the industry - one is rated 12th in the nation by Good Sam. The Redding resort is priced at $3.5 million, the Salem Resort is priced at $5,005,800, and the Clarkston resort is priced at $2.4 million.
- General information
- Real Estate:
- Location:Redding resort: 16.34 acres with 100 total spaces including 76 paved spaces with full utility hook ups, 7 paved spaces with full utility hook ups except for septic, 1 mobile home space, 14 unpaved tent spaces, and 2 Yurts. Salem resort: 44.92 acres with 162 concrete pad RV sites with full utility hook ups. Clarkston resort: 10.66 acres with 75 paved spaces with full utility hook ups. The Salem resort has frontage on Rickreall Creek, a tributary of the Willamette River. The Clarkston resort has 1,000 feet of frontage on the Snake River.
- Expansion potential:The Redding, California resort recently obtained approval to add 21 additional paved, full-service RV spaces. The Clarkston, Washington resort is nearing final approval to add 31 additional paved, full-service RV spaces. The Salem, Oregon resort has excess land that may allow for an additional 15 paved, full-service RV spaces, and 15-20 seasonal tent spaces if governmental approvals are sought and granted.
- Competition / Market:The quality of these resorts has enabled them to achieve rental rates that are approximately 22% higher than competitors. The Trailer Life industry ratings are as follows: Redding 10 / 10* / 9; Salem 9.5 / 10* / 9.5; Clarkston 9 / 10* / 9. The Woodall's industry ratings are as follows:
- Support & training:Seller will assist with a smooth ownership transition. The Seller will also consider operating the resorts under a management contract for 4% of revenue.
- Reasons for selling:The resorts are being spun off from a small chain of RV resorts. The seller’s core competency is in turning around under-performing resorts. Their goal in selling is to free up capital to invest in other distressed parks.
- Related documents:
Initial Info Package Confidentiality Agreement
