Mobile Home Park Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Mobile Home Park Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Mobile Home Park business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
Your Business Planning Package will be immediately emailed to you after you make your purchase.
Product Specifications (please see images below):
- Bank/Investor Ready
- Complete Industry Research for the Industry
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Marketing Plan (24 to 28 pages)
- 425+ Page Funding Directory
- PowerPoint Presentation
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- How to Start a Business Guide
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PowerPoint Format
- Meets SBA Requirements
Despite any negative changes in the economy, mobile home parks tend to do very well. This is primarily due to the fact that these facilities provide housing for lower income people. Additionally, the capital risks for starting a mobile home park facilities are relatively low. When you’re developing a mobile home park business plan, one of the things you’re going to want to focus on substantial user upfront start starting costs. Usually, a mobile home park can be started for as little as $300,000 and can go into the millions of dollars depending on the size of the property that’s can be used to develop these homes. Your business plan should also focus on the individual costs per housing unit. Typically, mobile homes can sell for $30,000-$100,000 depending on the size of the individual home. The gross margins generated from selling these units as well as renting mobile homes is extremely high. These businesses tend to make a substantial amount of profit from their services. However, one of the frequent issues that are faced by mobile home parks is that they do take the risk in dealing with lower income people. Usually, these people have less than stellar credit scores and the lower income gives them very little financial cushion in the event that they’re not able to make a rental payment. However, and again, these businesses do tend to do very well in any economic climate.
One of the more complicated aspects of operating a mobile home park, is developing the marketing plan. Once these locations are established, it is imperative that tenants are placed very quickly. In many instances, a owner and operator of a mobile home park will usually hire a real estate brokerage or a real estate agent to find people that are appropriate to place in these housing units. Generally, a real estate brokerage will take a commission of 3% to 7% of the first years rent or the sale of the mobile home in exchange for their services. It should be noted that it is sometimes difficult to secure real estate brokerage that will provide placement services for your company. This is due to the fact that these properties do not have the same value as a single-family home. One of the things that many entrepreneurs do once they’re done developing their mobile home park business plan, is to develop a SWOT analysis that focuses on the strengths, weaknesses, opportunities, threats that are faced by these businesses. As it relates to the strengths mobile home parks, again, are able to generally maintain their profitability at all times. As it relates to weaknesses, these businesses do work with lower income people that do not have the financial stability that would be normally associated with traditional real estate investing. For opportunities, many operators of mobile home parks generally establish additional facilities once their current facility has reached 100% capacity. Threats are of little importance to mobile home park. There are very few pieces of legislation or regulation that would impact the way that these companies conduct business.
In closing, operating a mobile home park can be a very lucrative opportunity. Provided that a developer has enough financial cushion to ensure that the facility will reach 100% capacity over a significant period of time, the return on investment can be substantial. If you are thinking about starting a mobile home park you need to have a well-developed profit and loss statement, cash analysis, balance sheet, and breakeven analysis to determine economic viability.