Originally Posted by Destr0
OH I love the place- Anyone from MI want to come out just give me a couple weeks notice I can give you the guided tour or hook you up with one of the locals- some great trails there and $20 for a day of fun can't be beat.
Just saying how the heck do you get a loan on a property for that much and tell the banker you are making it back $20 at a time! LOL!
NO. A real good business plan and following the structure of the venture. Proper promotions and there should be a financial records that the seller can provide. The Business plan showing how to improve the attendance flow and property development . Along with some personal references to
show you have some know how is all you would need to go to the bank.
To make the banker happy a trip to the Small Business Assoc. will be good place to start.
The place has been open for some time and has a track record and a cash flow history. Knowing why the sale is being done good or bad and a plan to solve any situation in the structure of the business . List and plans for improvements, changes or out take. Land development , like camping lots .buildings or possible lots sales . can show ways to gain cash flow. Self run or employee ran. Find amount of off road and atv clubs in the state and surrounding states to show client base. With the right questions to the right persons you can get yearly sales averages from other parks to show possible income you intend to bring in. These are all the the aspects that will be needed and many pictures and a good description of the venture that the business plan would need. Lots of work and planning but if done the banker should be happy.
I have a awesome business plan for a park if someone want to use as a reference if they decide to look into this.