By Barry Sherman, Architect | Founder/Principal, S3 Partners.
Over the past few years the sales of boats and RV’s has skyrocketed. That’s not a rocket science statement to make. It’s obvious that due to the coronavirus pandemic, sales of of boats and RVs have swept the nation the same way sales of bikes have boomed (thanks to gas prices leaving us with our hands on the nozzle at all times.)
In addition, because folks are spending more time at home, it’s actually given us more of a reason to escape. A reason to finally purchase that boat for the lake or to set out on the road and take that cross-coutnry trip we’d been dreaming of for so long.
What does this all mean for savvy investors like yourself? A superb opportunity to captilize on changing tides!
What kind of numbers are we talking about?
According to the RV Industry Association’s March survey of manufacturers, more RVs made their way to RV dealerships across North America than in any prior single month. The 54,291 wholesale RV units shipped is a more than 5% increase over the previous record set in any previous year.
How about dollars and cents?
According to the leading RV, Boat, and Toy Storage publication, storage facilities for these kind of toys have tripled their rates in the past 20 years; averaging about $90/sq. Ft.
In addition, considering the costs of hosting expensive items like RV’s and Boats means your facility will need to include water tight security and extra space for manurering around the parking lot. In comparison to self-storage facilities, owners and ivnesotrs can charge a hefty amount more than their counterpart business.
Get involved and seek guidance for business success
The great news is that this rising business opportunity has created demand for more events and workshops. Active investors and entrepreneurs can now make well informed decisions and and seek out the guidance needed from experts who have the most experience developing this growing asset class Take a look at upcoming events and consider speaking to an experienced consultant at S3 at the up and coming Orlando event on July 29th.
So many factors will go into the success of your facility. While the pandemic has shifted so many industries, it’s only amplified the already robust boat/RV-storage business.