Understanding the cost of opening a glampground is crucial, and it’s more affordable than you might think.
With a focus on affordability, we built our highly profitable glampground, Ferncrest, without deep pockets and believe most people can do the same.
So, let’s dive in and explore how you can embark on this exciting journey without breaking the bank.
Demystifying Glampground Costs
While some resorts do cost millions, many successful glampgrounds have started with budgets under $100k. With an average startup cost of around $650k (land included), it’s clear that many are finding cost-effective paths into the industry. At Ferncrest, our initial investment was about $350k, but hindsight shows us ways to achieve similar success with less.
Calculating Your Investment
The key to estimating your investment lies in the number of glampsites. A good rule of thumb is to budget at least $10k per site. However, it’s wise to plan for $20k/site to cover unexpected expenses. Remember, these costs can escalate quickly without careful planning. Additionally, for undeveloped land, anticipate at least $50k for utilities and site preparation.
Starting Small: A Sustainable Approach
One of the most appealing aspects of glamping is the ability to start small. If a larger investment isn’t feasible, beginning with just three tents is a practical strategy. This not only fits tighter budgets but also provides valuable data to guide future expansion. Three sites offer enough insight to validate your business model and scalability.
The ROI Promise
Despite the initial investment, the return on investment (ROI) in the glamping business can be significantly higher and quicker than traditional real estate. The beauty of glamping lies in its scalability – start modestly and grow as your resources allow.
Strategic Planning
Launching a glampground need not be a distant dream reserved for those with deep pockets. With strategic planning and a modest budget, entering the world of luxury camping is within reach.
We encourage you to embrace the journey, start small, and watch your glamping dream grow.
Happy Glamping!
Brian & Joanna Linton
