It's almost like the "empty nester syndrome" (selling your RV Park and leaving, that is). After all, you've put years of your life into it, nurtured it, repaired parts of it, and built new additions. Letting go isn't easy! #sellmyrvpark
So, make a plan:
Look to your future. Where are you going? What do you want to do? Your bucket list will come easier than you think. Remember all the times of struggle when you looked at each other saying things like "I'd like to get on a slow boat to anywhere." ...or..."We could be on a sunny beach somewhere sipping rum punches". Think back and start that bucket list.
In order to get to that point, there are a few things you should do before putting your park up for sale, or at least, early into the process, once you've decided to sell:
(1). High on the list is: have everything finished (or a clear plan/path to get things finished). Example: You wanted to build a new laundry and felt the cost could be reasonably recovered over time coin by coin, or the newer amenity would increase the actual value of the park. If you don't have the time or money to build it now, write a detailed plan with sketches to turn over to the buyer. That kind of effort makes the buyer happier and the transaction smoother.
(2) An operations manual is a great idea. Not all parks have them, but as a park grows, the need can become apparent for this type of organizational thinking. And, as a great reference tool, your employees, and work campers will have some rules to follow. This could relieve some of the ongoing stress from the owner/manager having to answer every question over and over. It also gives a policy for employees to follow with guests and vendors. Include in the manual information about the contractual obligations you have (i.e. wireless vendor, pool maintenance) and the contact info for each vendor and employee. #RVParkOwnerManual
(3) Make a list of your credit accounts and banking accounts. Include paperwork for your corporation filings, assumed name certifications, and contact info for your attorney and tax expert. Build a new file for the buyer to receive at closing.
(4) Training: As a part of your sales agreement in writing, come to terms with the amount of new owner training that you are willing to provide. Be very specific about how long you will stay onsite to make a smooth transition. Some owners stay a week or more. It is all negotiable. #RVParkTraining
(5) Training period finished? Shake hands and Leave! The new owner needs to get established as the authority with employees and guests.
Before you leave it all behind, make sure you have compiled a file of photos, names and other contact information, and memorabilia to remember your times in your RV Park. It will be a sweet reminder of all the people you met and the many friends you've made while owning the park. Now, get out there and enjoy yourself!
Photo courtesy of Pexels-artem-beliaikin-1516036.jpg