It's Time to Go!
TM
7641 Grinde Rd. DeForest, WI 53532
For sale - $289,900.00
Accepted offer - $289,900.00
Madison RV Rentals Business Expansion- Accepted Offer
This property was a 5.5 acre commercial parcel with a house, several buildings and a wholesale bakery on site. It was recently divided and all but the house and the .98 acres are sold. WE HAVE AN ACCEPTED OFFER ON THE HOUSE AND .98 ACRES ONLY! The property was purchased in May 2022 by Tom Burns and Jesse Geist of Cartopia. They bought it to expand their used car sales business. Many of the buildings are currently rented, but will be available in October.
The rural, yet commercial, setting is perfect for our RV rental business. It also lends itself to offering our little trailer/campers as stationary Airbnb rentals from April through October. Great for romantic weekends, BFF slumber parties, a quiet escape for Mom... The barn sits just outside the property line of the house parcel. Has great potential for an event venue. The owners are open to ideas and options for the property.
All of this (except the house and .98 acres) was purchased by Tom Burns and Jesse Geist to expand their used car business into this building. This is the perfect neighbor for the expansion of our RV Rental and Party Bus/Day Trip business!
This property was a 5.5 acre commercial parcel with a house, several buildings and a wholesale bakery on site. It was recently divided and all but the house and the .98 acres are sold. WE HAVE AN ACCEPTED OFFER ON THE HOUSE AND .98 ACRES ONLY! The property was purchased in May 2022 by Tom Burns and Jesse Geist of Cartopia. They bought it to expand their used car sales business. Many of the buildings are currently rented, but will be available in October.
Spacious 3 bedroom, 1.5 bath home
Average market rent $2100.00 month
Our son will be occupying the house and running the day-to-day operation of our business from the location. He also has an e-commerce online business he will operate concurrently. He will be paying rent to cover the principle and interest of the mortgage, approximately $1,400.00 monthly.
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The responsibilities of running the business are as follows: greeting renters when they pickup the RV, provide them an overview of how to operate the unit they've reserved, pictures and videos documenting the condition of the unit inside and out, signing the condition report which includes mileage on motorhomes, giving a driving test to the renter assuring their comfort and confidence driving or pulling a unit. Upon return, he will check-in units and inspect for any damage inside and out, assure the tanks are dumped and clean and clean and sanitize each unit. Occasionally, laundry will have to be done if a customer rented bedding and/or towels. Also, for any units operating on site as an Airbnb, he will be responsible for the same tasks. Our RV rental business operates from spring through fall.
RV Rental & Wisconsin Fun Bus
Business Growth Projection
The graphics below show the growth in our business. We bought older units with low miles and "good bones" then renovate them offering style and comfort for our customers. They are expertly and vigilantly maintained by Goodyear Commercial Truck Service. We have reinvested everything we have earned from the rentals into the units.
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Our biggest challenge, and frustration, is having a "home" for our current business. We need an adequate space to do the reno work we do and a place where we can expand and grow. The renovation work would be better and more affordably accomplished by having a building with tall (14 foot) doors allowing us to do "winter work" (off season).
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We can grow our business revenue by at least 20% by managing privately owned RV rentals. Typically this is done with an agreement to split rental revenue 50/50 with the owner paying all expenses. This affords us additional revenue without capitol expense.
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According to the images below, the average rental is $917.38 and 30 rentals per season. Based on just that example, our shared revenue would be $13,760.70. And that's just our 7 units.
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Having this property not only allows us to own and/or manage more units, but also saves labor cost of hiring help as my son will live in the house, pay less than market rent and work for us.
Revenue from Start Date September 2018 to June 24, 2022
Summary $166,057.83 CLICK HERE FOR REPORT
2018
2019
2020
2021
2022
Additional revenue of $9,153.85 will be deposited when future reservations pay their balance due (2 weeks prior to departure)