Glamping Feasibility Study

Why Choose Sage for Your Glamping Feasibility Study?

Breakdown of Our Glamping Resort Feasibility Studies

Industry Overview

• Economic Trends: Examination of economic indicators and their impact on the glamping industry
• Tourism Analysis: Insights into tourism patterns and their influence on the glamping market
• Outdoor Recreation: Evaluation of outdoor recreational activities and their popularity in your target area
• Outdoor Hospitality: Trends and forecasts in the outdoor hospitality sector affecting glamping demand

Area Analysis

• Location Assessment: Detailed review of the geographical location and its advantages for glamping operations
• Demographics: Analysis of population statistics and demographics relevant to the trade area
• Recreation Opportunities: Identification of recreational amenities and their appeal to potential guests
• Demand Generators: Identification and analysis of key demand generators for the business, including nearby attractions, events, and activities
• Accessibility: Evaluation of transportation infrastructure and accessibility for target markets
• Area Development: Insights into current and future development projects in the area that may impact demand

Market Analysis

• Competitive Summary: Overview of existing competitors and their market positions, pricing, and offerings
• Market Opportunities: Identification and analysis of potential market opportunities and gaps
• New Competition: Assessment of emerging competitors and their potential impact on your project

Revenue Projection

• Rates Projection: Forecasting future rates based on market trends, competitive positioning, and data analysis
• Occupancy Trends: Forecasting occupancy rates by unit type and any potential stabilization period
• Insights and Trends: Utilization of Sage's proprietary outdoor hospitality database for trend analysis and benchmarking

Operating Expense Projection

• Expense Analysis: Detailed breakdown of projected operating expenses by category
• Industry Averages Comparison: Comparison with industry averages to benchmark performance and identify optimization opportunities

Pro Forma / Net Operating Income

• 10-Year Pro Forma: Long-term income and expense projections, with a monthly breakdown during the stabilization period
• Net Operating Income: Calculation and analysis of projected net operating income (NOI) and profitability metrics

Site Analysis

• Zoning Requirements: Review of zoning regulations and compliance requirements for glamping development
• Flood Risk and Wetlands Assessment: Identification of any flood risk and/or wetland areas and related restrictions
• Physical Restrictions: Analysis of physical site limitations that may impact development
• Utilities: Evaluation of utility availability and infrastructure requirements
• Transportation Analysis: Assessment of transportation links and access to the property

Development Costs

• Site Development Costs: Preliminary estimation of site development costs including infrastructure and site preparation
• Unit Cost Projection: Detailed unit cost projection for development of glamping/lodging units
• Amenity Cost Project: Preliminary estimate for all amenities, support structures, and FF&E (furniture, fixtures, and equipment)
• Total Cost Projection: Comprehensive total cost estimation for the project

Feasibility Analysis

• Debt/Financing Analysis: Calculation of projected debt payments and financing requirements
• Debt Coverage Analysis: Evaluation of the project's ability to cover debt obligations
• Net Income to Equity After Debt: Calculation of net income available to equity holders post-debt
• Return on Investment Projection: ROI analysis for the proposed project
• Feasibility Conclusion and Recommendations: Final feasibility assessment and strategic recommendations for optimizing project success

Get Started with Your Glamping Feasibility Study