Two popular caravan parks were recently listed for sale in Queensland (Australia), giving insight into the financial side of caravanning.
Grey nomads enjoy discussing how much they have to pay to stay at caravan parks and how much owners must earn.
On the other hand, operators of van parks frequently say that people don’t understand the difficulties and costs of running a park and the fact that low occupancy in the off-season can hit them with a hammer.
The recent market listing for two well-known North Queensland caravan parks gives an insight into the financial whys and hows.
The August Moon Caravan Park, located on the southern edge of Innisfail along the Bruce Highway, is up for sale at AU$2.95 million.
The Flying Fish Point Tourist Park, located directly across the Flying Fish Point peninsula beach, just five minutes away from Innisfail, is for sale for AU$825,000.
According to a report, the August Moon Caravan Park is situated on 3.64 hectares of well-maintained grounds and undeveloped land. It has 33 cabins and 55 powered sites, and a three-bedroom owner’s house. There’s also an existing separate cottage ideal for the caretaker when owners are away on vacations.
The park’s turnover was AU$544,699, and the net profit was AU$375,110 during 2020-2021.
In an interview, Shane Croghan of Resort Brokers said that the resort had a solid following of tourists and a vast company customer base.
The Flying Fish Point Tourist Park on Crown land has an 18-year lease with an additional 10-year option.
The park has 16 cabins or villas, four private vans for long-term stays, and 30 power sites. There’s a 3-bedroom owner’s house and an amenities block: pool and camp kitchen.
“It is not only popular with North Queensland locals due to its prime fishing location, it is a destination site for many intra and interstate visitors who return each year,” Croghan said.
“As is the case with council leased premises, the rent is extremely favorable to the tenant, sitting at AU$14,000 per annum.” Croghan ended.
For 2020-2021, it posted a turnover of AU$387,500 and a net profit of AU$224,570 with an occupancy rate of 57 percent.