So You Want to Own a Campground?

29 Sept 2023 · 48 min
48:04

This YouTube interview ("So You Want to Own a Campground?", Donna Genie, filmed at Pine Ridge Campground, Roebuck, SC) profiles owner Brad McGoward’s journey from an AT&T lineman to campground owner. Brad describes discovering campground life while working away from home, taking a campground-ownership class, selling his house and rolling his 401k into a corporation to buy Pine Ridge (around 2013), initially using owner financing, gradually reinvesting revenue to add sites and amenities (including ~28 monthly sites on an added parcel), adopting online reservation software (ResNexus), and eventually listing the campground and entering a sale/contract with a buyer (entering due diligence). He reflects on operational challenges, family involvement (son Evan), valuation/exit timing, and industry trends post-COVID.

Questions this video answers

1962

Around 2013 (transcript: “We bought it in 2013”).

About 28 monthly sites ("put in 28 sites up there monthly").

ResNexus ("now we're on res Nexus").

He sold his house and rolled his 401(k) into a corporation to help fund the down payment ("took our 401k and rolled in our own corporation").

Chapters

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