If the owner thinks buildings have a value and all potential buyers think they represent an expense (demolition or improvement) it's no wonder they can't come to a deal.Hate to hear about everyone backing out of buying GMP.
IMO - I would level all the structures across from the "bunk house". Fill in bumper boat pond. Put as many RV camping spots in as I could in that area. Get rid of all the smaller pavilions in need of work.
Didn't there used to be bathrooms in the building behind the circle track? I'd minimize the need for plumbing and keep it all down at the lower portion of the property. Maybe build a bathhouse/ bathrooms close to the bunk house.
Big unknown is insurance cost. I know this has prevented parks from opening and caused some to close. Did anyone look into that cost? That and taxes I heard were $40K/year since it was no longer greenbelted. That will add up real quick.
Hey Chuck ,did you get any kind of "rent roll" for any of the previous years? What kind of traffic did it have to keep it out of the red and into the black? I have never been there and just wondered what kind of traffic it generated on a regular basis. Is it a campground type atmosphere with hiking trails or is it strictly for off roader's and is there any other attractions to going there?
Taxes for 2016, 2017 and 2018 were ~$7400 each year. Taxes wouldn't change too much being that most of the land is wooded. Insurance for the same 3 years was around $13k a year and I think that was only commercial type insurance to cover the structures. From what I could gather she did not carry insurance for off-road events. For the off-road insurance you can add another $8k/yr to the $13k for full coverage.
Do you know if the "moon" section behind the grandstands could be leased? Would be great to incorporate that into the park like it was. She told me it was not included and there was no option for it.
...any kind of "rent roll" for any of the previous years? What kind of traffic did it have...
Regardless of the that data, it's not representative of what it should/could have been. I'm telling you, there was NO promotion and NO management.
Several folks around here hate to admit it but Dixie Run was it's biggest revenue and brought in more new customers each year than any other weekend.
Not at all, it was a very nice place always carried the fishing poles and kids when we went for the wkndThat is exactly what I was thinking was the problem and knew if it went into someone else's hands like Chuck's, it would probably be profitable in some years. Their website makes you believe it's a place to bring the kids and your fishing pole and have a Brady Bunch weekend, but in reality probably more like an Adam's family reunion.
Mayham is only towards the more extreme crawling type of groups I'm local I live 5 mins away from there I actually went riding there 2 weeks ago up the creek bed an Marvin has been cutting trees around the property. It's not big enough to cut trails to actually ride up but is a killer spot to see what you an your rig is made from all of the old trails are still there as we usually get a small ride up 2 times a year an ride the place some are washed out pretty bad it has growed up some but has potential, they use to be a lot of riding on benlomand which is what we call that area but recently a lot of the land owners have put signs up an gates an cut trees down to keep people of their land