Points to consider when buying a Caravan Park
There are thousands of caravan parks trading in the United Kingdom, with many sites based in some of the country’s most beautiful locations. For camping enthusiasts, buying a caravan park in a favourite holiday destination can provide a dream lifestyle; it's a popular choice for those looking to buy a business for the first time. Running a caravan park can be hard work, however, so it’s important to research every opportunity carefully.
There are a number of factors to consider when buying a caravan park. You must ensure that the necessary certification is in place, and that there is sufficient scope for you to trade at the level you require. All caravan parks will have planning permission for a set number of pitches, and will be authorised to trade for a certain number of months in the year. If you ask the seller what their ‘site licence period’ is, they’ll be able to confirm whether they have permission to trade for 12 months of the year or less.
Outside of the regulatory requirements, a caravan park’s earnings potential can hinge on the facilities that already exist on the site. If you have a swimming pool, restaurant or golf course on the site, these can all produce additional ‘leisure’ revenue from existing guests during their stay. More ‘functional’ facilities such as shower blocks, laundry stations and grocery shops will help you to charge more per-pitch when guests are booking with you. You should also check whether owners’ accommodation is included in the sale. If you are buying a permanent dwelling in addition to the caravan site, you can expect this to be reflected in the price.
Above all, when you buy a caravan park, you need to look at the location of the park. The view from a caravan window can prove more important to guests than the provision of other facilities, as can the local scenery and distance from local train stations. Do your research carefully before you buy and you can expect to enjoy many years of fun as a caravan park owner.