Items that need to be considered and agreed upon prior to a caravan park sale include:
- Sale Price – consider a range in which you would be comfortable
- Fees in advance that will be required to be paid to the incoming purchaser
- Equipment and assets included in the sale as well as any stock at valuation
- Settlement date
- Handover process
- Adjustments for staff entitlements (long service leave, accrued holiday and personal leave)
- If you own the freehold, consider if are you open to selling the leasehold as an alternative to selling the freehold
Has an agent valued your park at a lower price than you’d expected?
Should an agent values you park at a price that is not in line with your expectations, you may consider talking to us about a management license arrangement.
In this type of arrangement, Innoviv takes over the complete operation of your park for a 12-36-month period and pays you, the owner, the equivalent of a rent after all of your expenses have been paid.
If your park isn’t running as well as it could be, we can come in and apply our expertise to improve park operations, running your park as if it were our own, including taking on all the expenses and paying you an agreed amount per year for doing so. The payment is similar to a rent but at a higher rate. Once the agreed term (12-36 months) is complete and park occupancy and income has improved, the park can then be valued again and a share of the valuation improvement is paid to us.
In a management license arrangement, you retain full ownership of the park, however the Innoviv team look after all the income and expenses and we operate the park as if it were our own, building your business by growing revenue and improving the bottom line to help you to achieve a higher price when you do choose to list the park for sale.
Get in touch today
Why not give us a call? We’d be happy to have a discussion about how we can help you get the best price for the sale of your park.