Feb 12 • General discussion
Park Turn Over - Hiring / Lease Options
Thought I would post in here! I'll try to join the weekly call tomorrow though currently have a conflict.
With park turn over I'm working to hire a new manager. Do you have a questionnaire that you'd be able to share? I'm currently working on someone that would be a direct hire. Though that brings in concerns about coverage for vacations, weekends, etc. How do you recommend managing through that as a start up?
I have a park that would be interested in a lease option. Would love some insights on how to structure. The seller is recommending a longer lease option (18 months) which we are aligned with. I believe he will at minimum want the current debt payment covered. He's currently trying to sell for $4M though with the last year results the value is significantly down (below $2M). We are working to determine the right purchase price and then come to terms on the lease. Then understand how do we fund it up until the option to buy is executed. It will require capital in advertising costs, stocking the store, and a few small expenses while we are getting it more profitable. Any tips here would be greatly appreciated.
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Park Turn Over - Hiring / Lease Options
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Unhitched RV U(niversity) exists to provide education and resources to anyone interested in purchasing, managing, and operating an RV Park.
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