LET'S CHAT: Is owning a caravan holiday home business successful or profitable?
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- Опубліковано 7 вер 2024
- Talking through whether owning our caravan holiday let business has been profitable or successful for us. We own a 2 bedroom 2020 static caravan, situated on a holiday park in Northumberland and let it out on Airbnnb, VRBO and booking.com.
Links:
/ mountainandmossuk
airbnb.com/h/h...
www.vrbo.com/e...
www.booking.co...
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For enquiries email:
sarah@sarahwalden.co.uk
Link to Hedgehope: airbnb.com/h/h...
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Feel like you’ve brought with your heart not your head, just enjoy it and make what you can
I've been looking into this heavily lately. From what I've gathered, brand new caravans are coming out at 18-25k. You can't buy cheaper and older because parks have a 7 year or newer policy. So every 7 years you'll need to re-buy or relocate, affecting profits. Park rental fees + normal running costs are coming out to be around 5/6k a year. So to break even, you would need around 5-7K a year in bookings. That's without starting to pay off the £20K initial investment. All within a 20 week season 🤔🤦
There seems potential here, but traffic seems to be incredibly important just to break even.
Thank you for sharing, its really interesting to hear the behind the scenes of owning a caravan 👍
It looks beautiful Sarah-Louise :) You would get an A+ from the Hotel Inspector, for sure! Good luck with the Spring/Summer season next year :)
Thank you so much 🖤
Well done
Hi, appreciate seeing this Video!! We have a stunning holiday home, however, our site fees are £9k per year, excluding utilities. We are exploring Sell it Or let it, due to how high the site fees are. Selling it is becoming a challenge because of the site fees, however, we’d only want to let it out if it were to become a profitable business. Just breaking even would not be worth it for us. Any suggestions in August 2023?
Sorry for the slow reply on this one! Yeah, site fee's are the thing that make this so hard aren't they. If you aren't listing with booking.com, I would definitely suggest listing there, but apart from that, we're also struggling due to the site fees, so I haven't got any other advice unfortunately! Best of luck.
Excellent video and great advice for anyone interested in going into this business
Thank you so much, so glad you found it useful!
So do you feel you’re going to keep the caravan or sell it and invest in a property to let
Sorry if this is too personal but I’m really interested to know why you decided to go down the holiday leg road instead of a deposit on a house for example? It’s definitely something I’d love to have one day 😊 how about a clean with me video of the caravan?
We don't really have an interest in buying a house, and wanted to put our savings into an investment 😊 and I have done that video.
ua-cam.com/video/XDl1Z1-gueI/v-deo.html
Hey! How is the caravan journey now? I have been looking into buying a caravan for a business. I am really nervous about doing it still! X
Hey, I’m filming an update video in the next few weeks but check out my playlist on my page as I’ve gave a few updates and bits of advice on a Q&A and a video about whether it’s profitable!