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PRIVATE (COMMERCIAL) RECREATION SERVICES. KINDS 1. Service Delivery Firms 2. Recreational real estate 3. Specialty shops 4. Tourism Main purpose is to return a PROFIT. Examples. Private campgrounds = KOA-Safari-Yogi Bear Guest ranches, Stables and Outfitter Guides Resorts Golf courses

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Private commercial recreation services l.jpg
PRIVATE (COMMERCIAL)RECREATION SERVICES

  • KINDS

  • 1. Service Delivery Firms

  • 2. Recreational real estate

  • 3. Specialty shops

  • 4. Tourism

  • Main purpose is to return a PROFIT


Examples l.jpg
Examples

  • Private campgrounds = KOA-Safari-Yogi Bear

  • Guest ranches, Stables and Outfitter Guides

  • Resorts

  • Golf courses

  • Trails

  • Hunting preserves

  • Marinas and Water sports

  • Amusement Parks

  • Time Share Properties

  • Retail equipment

  • Travel agencies

  • Country club

  • Concessions


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Why People Get Into Private Rec.

  • 1. Make money quickly or long range

  • 2. Investor owns a piece of land or property at a strategic location

  • 3. Others are doing well

  • 4. Demand


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Keys to Success

  • 1. Product adaptability

  • 2. Location

  • 3. Quality guarantee

  • 4. Marketable price


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Problems

  • 1. Seasonality

  • 2. Initial capital investment

  • 3. Labor costs (liability)

  • 4. Trends are always changing

  • 5. Gov. competition for same services

  • 6. Weather or factors out of your control

  • 7. Over saturation of services


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Profit (vs) Risk

Risk

HI LOW

Profit HI 1 2

LOW 3 4


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