You may be wondering if buying a holiday park in Devon is a good investment. The short answer is yes, but let’s get into why.
Becoming a holiday park owner makes sense in a country that not only loves the outdoors (come rain or shine) but is also one of the biggest caravan-loving countries, with approximately one million Britons owning a touring caravan or mobile home.
Likewise, Devon is one of the most popular counties in the UK, particularly in the summer. With beautiful beaches, breath-taking walking trails, and quaint villages, becoming a holiday park business owner in Devon can lead to a healthy lifestyle and profits.
Whether you cater to caravans, glamping sites, shepherd huts or mobile holiday homes, staycations have become a more cost-effective and practical way to enjoy the holidays in a challenging economic climate, so buying into this sector could be a worthwhile investment.
So, let’s run through the top three reasons why buying a holiday park in Devon is a smart idea.
Opportunity for expansion and transformation
Most existing holiday parks have a lucrative asset: large acres of land. This means that there is opportunity to further develop the business if you have the funds, licensing, and planning permissions available. Think about investing in and building:
- Playgrounds for children
- Cleaner and more modern bathroom facilities
- Bar and dining areas
- Laundry rooms
- Small grocery shops on site
- Dog washing facilities
This type of business also has great opportunities for transformation. Investing in modern accommodation that includes central heating, double glazing, and Wi-Fi (particularly for remote working) will encourage people to go on holiday, in and out of season.
Potential to avoid supply chain disruptions
Holiday parks largely offer an outdoor experience on real estate; glamping under the sun, drinking a cup of tea on a caravan porch, hooking up a mobile home on a family road trip. This means that supply chain disruptions won’t severely impact an existing holiday park business, as it is not commodity rich.
Of course, if you need to purchase new caravan units or source materials to develop new areas on your holiday park, supply chain issues will impact you. However, buying an existing holiday park means you’ll gain access to existing units – whether they are caravans, mobile homes or glamping pods. Just make sure you conduct appropriate due diligence to ensure they are in good condition.
Contributing to people’s happiness
This reason may not be ‘business-orientated’, but it certainly is a reason worth mentioning. The Camping and Caravanning Club recently commissioned a report that asked 11,000 people how outdoor camping benefits them. Approximately 88% of campers said that camping promotes a higher level of psychological well-being.
Not matter what form of outdoor camping you choose to provide, you will be directly contributing to the happiness, relaxation and overall mental well-being of people, and that alone is a significant achievement.
How BusinessesForSale.com can support your new business venture
We’ve listed the top reasons why buying a holiday park business in Devon can be a practical decision, but how much does it cost to buy a holiday park in Devon?
A quick search for holiday parks for sale in Devon on our site shows that asking prices range from £650,000 to nearly £2 million. It is essential that you conduct thorough due diligence and understand how to buy a campsite or how to buy a caravan park before you make your decision. It won’t be a cheap purchase, so ensure you are ready for the road ahead.
Lastly, we have some valuable resources on how to run a campsite or how to run a caravan park, so give them a read to understand more about costs, licensing, and other responsibilities.
We hope this article has helped you understand why buying an outdoor holiday park can be a smart decision, and we wish you great success on your new journey to business ownership!
@Be_theBoss
