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Rvo Park Case

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Addressing a decision in regards to the research questions was determined by the comparison data and the projected growth data from several of the sources listed in this study. The data represents that even in an unstable economy the business of an RV park can sustain itself if the park is managed properly. In the area of the Northwestern region of Florida, where tourism plays a big role in stabilizing the economy, several RV parks have had continued success and even growth over time. While there were drawbacks of investing into a business with little experience and not being well known among the RV community, the simple business criteria for implementing an RV park is very promising. The factors mostly considered for recommending the …show more content…

The investment company is confident in establishing an RV park in the preferred location of the Northwestern Florida region. The RV park industry in this area shows a considerable advantage since tourism is the number two economic strength and is the top travel destination in the world (Florida Dept. of State, Internet). Business for the area should flow easily and steadily. Taxes and cost of living are considerably lower than many other states, the weather is more conducive to a year-round operation of an RV park. Travelers are drawn to Florida for many reasons: great weather, notable attractions, and affordability. This is indicative of the Northwestern region …show more content…

Choices to examine that option first were concluded. The major determining factors were time constraints to obtain approvals, permits, and licenses through the county in a timely and cost-effective manner (Land Development Code, 2015). The process for obtaining a permit could take up to three years for an approval prior to beginning the development of the land. Application fees for a subdivision development in Okaloosa County are $350 plus $15 per lot. The fees and applications are only a few of the steps considered in the development of the planned RV park. The other foreseen obstacles included paying a licensed architect to design the park and the costs of installing utilities and amenities. The utilities are a considerable amount due to pipes and lines which must be laid out before utilities can be added on undeveloped property. According to Chron Small Business (LaMarco, 2018), development of the property can cost up to $20,000 per site. Planning for a minimum of only 20 sites, which is a very small RV park, is still $400,000 for only the basic sites without including added amenities. Additional costs for development of a new RV park on a desirable plot of land near the interstate is often on the top end of price per acre if it is accessible and close to a major highway or interstate. The average cost of land in the area, per acre, is $15,000 - $20,000 (LandWatch.com,

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