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RV Park Feasibility Study

RV Park
Feasibility Study

Wert-Berater, Inc. specializes in providing expert and reliable feasibility studies for RV Park projects with or without camping sites or the popular glamping.

 

Our team of experienced professionals evaluates all aspects of the project to ensure its success – from project inception to construction and operations planning.

 

Choose us to help you make informed decisions for your RV Park project.

Book a meeting to interview us, ask questions and view samples of our work.

Because of client project confidentiality, unfortunately we do not email samples to customers  - Client Confidentiality is Sacred.

RV Park
Feasibility Study

At Wert-Berater, Inc., we are experts in RV Park Feasibility Studies, Campground Feasibility Studies and Glamping feasibility studies, providing essential information to those seeking SBA 504, SBA 7(a), USDA Business and Industry or other commercial loans.

 

Our team of professionals is dedicated to delivering accurate and comprehensive evaluations of RV Parks, with or without glamping or other camping use properties, including market analysis, financial projections, and site assessments.

 

With our expertise and attention to detail, we help clients make informed decisions about their investments and develop successful business plans.

Whether your project is an expansion or new build RV Park, we have the experience to provide a comprehensive RV Park feasibility study that assist your decision making process and potential loan underwriting in compliance with the Small Business Administration (SBA) or other commercial loan requirements.

See our Experience Page for recent RV Park Feasibility Studies completed around the nation.

FAQs

How do we do it?

RV Park Feasibility Studies are carried out by a careful evaluation as presented in the following RV Park Feasibility Study Statement of Work which complies with USDA and SBA loan underwriting requirements.

We subscribe to reliable  and  sources of data that are accepted by loan underwriters.

Will my RV Park feasibility study be accepted by my lender?

We are approved by a vast network of SBA lenders, CDC's and Commercial Banks.  Prior to ordering your RV Park feasibility study, if your lender in not on our list, we are pleased to provide our feasibility study consultant credentials including E&O Insurance, Sample RV Park Feasibility Studies, references, and our resumes.

How much does a RV Park Feasibility Study cost?

Depending on the complexity of the project and the time needed to have a completed RV Park feasibility study ready, the cost varies from about $5,000 to $10,000.

How much time is needed for us to complete and deliver your RV Park feasibility study?

This depends on our workload when you order your RV Park feasibility study.  

RUSH orders cost extra, but can be completed in as little as 5-business days, providing you have the necessary items provided to us at engagement.

Generally, RV Park feasibility studies are completed in about 10 to 15 business days.  

What items do I need to provide to have a RV Park Feasibility Study completed? 

Our RV Park feasibility studies are comprehensive and intended for loan underwriting purposes.  

We normally request the following items when you engage us for a RV Park feasibility study:

  • Parcel number(s)

  • Land cost

  • Site plan

  • Franchise agreement (s) or summaries of the terms, if any

  • Building renderings and dimensions  (SF areas and allocations) for clubhouse and amenities areas

  • If a QSR(s) or full service restaurant or c-store, or other uses are part of your plan, we must know which franchise, if any, and the SF area allocation

  • Project cost breakdown

  • Land cost and when purchased or is it under contract

  • Resumes for all owners with 20% or more interest

  • Loan terms applied for including Loan Type such as SBA 504 or 7(a), USDA, loan amount(s), interest rate and amoritzation

  • Copy of your business plan including your projections

  • Any appraisals

  • Any environmental reports (if a purchase, continuance or reposition project, all Phase I or Phase II Environmental assessments

  • Loan term sheet if available

  • Other items you deem important

  • Lender contact details

RV Park Feasibility Study Statement of Work

Executive Summary

RV Park Feasibility Studies are designed to comply with SBA, USDA and other commercial loan application requirements. 

 

The Executive Summary includes the following items:

  • Project summary concerning the franchise (if any), planned improvements details and location

  • Loan request details

  • Project cost summary

  • Conclusions and Recomendations

2

Economic Feasibility

RV Park Feasibility Study site analysis is a critical component of the project whether its of new construction, expansion or a repositioning project, a compete site analysis is completed summarized as follows:

Information regarding project site including:

  • Land area

  • Site locator maps

  • Zoning

  • Flood zone

  • Access and Road Service to the Site

  • Utilities availability

  • Availability of infrastructure

  • Visibility

  • Traffic counts

  • Neighborhood analysis

  • Radius Demographics

  • Intended hours of operation

  • Demand Drivers

  • Labor scheme which summarizes the number of employees, shifts worked, wages and benefits

  • Site analysis summary 

  • Conclusions

3

Market Feasibility

The market feasibility section for a RV Park feasibility study includes the following items:

  • National industry overview

  • Local competitive analysis including existing, in-planning and under construction competitors 

  • Road way influences

  • Traffic capture rates

  • Neighborhood Daily, Weekly, Monthly Rates and rate growth rates

  • Seasonal occupancy rates

  • Daily, Weekly and Monthly usage Contribution Analysis

  • Gross revenue estimates, including seasonality

  • Convenience store, QSR, restaurant other amenities and other sales estimates

  • Conclusions

4

Technical Feasibility

The technical feasibility study section for a RV Park feasibility study includes the following items:

  • Suitability of the selected site for the intended use including an environmental impact analysis

  • Development and construction cost estimates

  • Commercial Replication risks

  • Regulation and Governmental Action

  • Conclusions

5

 Feasibility Feasibility

Financial Feasibility

The financial feasibility study section for a RV Park feasibility study includes the following items:

  • Pro Forma Assumption

  • Daily, Weekly, Monthly Rate and Occupancy Revenue Contribution  Analysis

  • Pro forma (10 years) 

  • Discounted Cash Flow Analysis (DCF)

  • Internal Rate of Return (IRR) Analysis 3-, 5-, 7-, and 10-year hold

  • Debt Service Coverage Ratio (DSCR)

  • Sensitivity Analysis

  • Breakeven Analysis

  • Conclusions

6

Management Feasibility

The RV Park feasibility study management feasibility includes:

  • Summary of your experience and education, training for all owners with a 20% interest or more

  • Ownership interest summary

  • Availability of short-term credit

  • Tax issues

  • Company organizational chart

  • Type of legal entity and information concerning its formation

  • Conclusions

Why choose Wert-Berater, Inc. for your RV Park Feasibility Study and what sets Wert-Berater, Inc. from their competitors?

We are a small and focused firm that specializes in feasibility studies since 1998 having over 25-years of experience.  

We are lender underwriting report focused, thereby your lender will be provided with the appropriate third party assessment of your project. 

 

We understand the loan underwriting process. 

 

Over the decades, feedback from lenders has helped shape our RV Park feasibility studies to comply with underwriting demands.

Moreover, we have experience in a wide array of markets, RV Park project offerings and franchises including KOA.  

Our in-house files include feasibility studies that we have provided whereas many owners have provided us with financial statements for their other owned and operated RV Parks, thus we have developed well-supported pro forma statements based on actual financial statement ratios in just about all 5o states and territories.

We also subscribe to platforms such as RMA (Risk Management Association), ArcGIS Business Analyst, and Dun & Bradstreet which provides us with localized competitor financial data.  

Our RV Park feasibility studies are bankable feasibility studies mostly used for to support loan applications. 

Get in Touch

Book an online Zoom Meeting to interview us concerning your RV Park Feasibility Study needs

RV Park Feasibility Study
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