CURRENTLY IN THE APPLICATION STAGE OF THE PROCESS.PROPERTY CONSISTS OF 100 CAMPGROUND SITES , APPLICATION IS TO BUILD 35 TINY HOMES , REPLACING 55 CAMPSITES
CITY IS ONBOARD WITH THE IDEA . APPROVAL EXPECTED EARLY 2025 . ATTACHED IS A PORTION OF THE BUSINESS PLAN FOR THE NEW VENTURE
Business Plan for Campground and Tiny Home Community
Executive Summary: Our existing campground has been successful in generating revenue for 6 months of the year, with use of only 45 sites (this is what we average approx.) currently providing income of $300,000 per year. By introducing a new tiny home community with 35 homes, we aim to increase our revenue to over $600,000 per year and sustain current and future debt. We will be contracting with a local developer to build the homes, which is expected to bring in additional revenue of $800,000 to $1,000,000.
Market Analysis: The demand for tiny homes and unique accommodations is on the rise, making it an attractive option for homeowners looking for a distinct experience at a reasonable price. Our campground's existing customer base and location make it an ideal spot for a tiny home community, offering the perfect balance of nature and modern amenities.
Business Model: Our business will consist of two main revenue streams: the campground and the tiny home community. Both segments will be managed by a total of 3 employees, including 1 full-time employee and 2 seasonal employees. The campground will operate for 6 months, while the tiny home community will generate income for 12 months of the year.
Marketing Strategy: We will launch a presale of the tiny homes starting in mid-October to mid-November, aiming to sell15- 20% of the homes (8 homes) before the start of construction. Our marketing strategy will include targeted social media campaigns. The marketing will be centred around the Moosejaw area, including radio and any local advertising we can source.
Financial Projections: Based on our current revenue and the projected income from the tiny home community, not including the construction of the homes, we expect to generate over $600,000 in annual revenue. This will allow us to sustain our existing debt and invest in the completion of the tiny homes. With the potential for additional revenue from the construction of the homes, we aim to further the repayment of debt.
Overall, our campground and tiny home community business model presents a unique opportunity to diversify our revenue streams, attract new customers, and solidify our position in this unique market. By leveraging our existing assets and partnerships, we are confident in the success and growth of our combined business venture.
FINANACIAL PROJECTIONS AND IMPROVEMENT COSTS
investor will own 10% of the property , this will be repurchased by the majority owner once the project is complete , estimated buy back price of $450-500,000
final price to based on 10% of appraisal at that time . investor will also be entitled to 10% of profit monthly until buy back is complete .
based on projected gross income of 550,000 to 650,000 per yr
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