RV Storage Feasibility Study

Are you a developer or an investor who is planning:

 

• new construction of an RV or boat storage,

• refinance an RV storage,

• expansion of an RV storage,

• purchase an RV storage.

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And are you seeking:

 

• a loan from a bank,

• a grant from the government,

• equity from an investor.

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In that case, you might seek an RV or boat storage feasibility study. The rendering feasibility study helps you to understand your market conditions. Knowing your influential market area and understanding demand and supply trends is critical to a successful project. 

 

According to RV Industry Association, the RV industry has an overall annual economic impact on the US economy of $140 billion, supporting nearly 680,000 jobs and paying more than $48 billion in wages. This is a 23% increase in economic output in just the past three years.

 

The ownership of RVs has increased by more than 62% over the last 20 years, with a record 11.2 million households now owning RVs. It was proven by a study that 31% of respondents were first-time owners, indicating significant growth in the industry.

 

Boat and RV storage has been the catalyst promoting storage industry growth in recent years. It is currently among the topics searched most frequently among new developers researching self-storage. 

 

How can MMCG help you to determine the Rv storage feasibility study?

 

MMCG prepared an RV storage feasibility study to analyze five elements of a feasibility study. Our study includes the following:

 

Economic feasibility

This section presents your site, including legal information about parcels, zoning regulation, demographic, and income in your area.

 

Market Feasibility

Include detailed competition analysis. In addition, the RV storage market feasibility analysis includes a detailed demand/supply analysis. Finally, a recommendation is made as to whether outdoor or indoor storage is more appropriate for a given location or what combination of the two is supported by the market.

 

Technical feasibility

This section analyzes the technical challenges of your proposed project. It also presents independent construction and equipment cost breakdowns. 

 

Financial feasibility

This is the most important outcome of our work. in this part, all parts of the study fit together and allow us to present the financial performance indicators of your project. This section includes ten years of financial performance and presents:

1. Pro forma

2. DCF

3. IRR

4. ROI

5. Sensitivity analysis

6. Breakeven analysis

 

We understand that time matters. Our standard delivery time is between 7 to 10 business days. However, this may depend on our current capacities. 

 

Don't hesitate to contact us for a free consultancy of your market conditions.

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