Starting a business on your recreational property can be an incredibly lucrative venture. With the right planning and strategy, you could open a successful enterprise that draws customers from all over the region. One of the most popular options for this type of business is to utilize recreational land for activities such as hunting, fishing, watersports, camping, and more.
The Benefits of Recreational Businesses
- Creating a unique and enjoyable experience for customers that they cannot find anywhere else
- Building a community of like-minded individuals who share an appreciation for the outdoors, leading to increased customer loyalty over time
- Owners can capitalize on potential revenue streams from licenses, permits, gear rentals, and other services related to the activity being offered.
- Potential for tourism-related income such as tours, excursions, or accommodations
- Minimal overhead costs compared to other businesses. Most of the infrastructure already exists due to the nature of your property so you don’t have to invest much in developing it yourself.
- More people are understanding the importance of getting outdoors and spending time in nature, so there is always an opportunity for growth
For example, hunting businesses have seen a resurgence in recent years. Hunting is now seen by many as an activity that can be both enjoyable and beneficial to the environment when done responsibly. As a result, recreational hunting businesses have seen an increase in revenue and customers through offering guided hunts or providing gear rental services. Additionally, many of these businesses have been able to provide expert knowledge on different species and their respective habitats — knowledge that allows amateur hunters to get a more authentic experience without taking on unnecessary risks.
If you love the outdoors and you’re looking for your next business venture, obtaining recreational property may be the first step.
Getting Recreational Property
To start this type of venture you need to purchase land that has natural features which lend itself well to outdoor activities. The key will be to identify areas with abundant resources such as water sources, wildlife habitats, and suitable topography that are accessible but not overly crowded. Once you’ve identified a suitable space to work with, you should assess what kind of activity would be most profitable in your area and design your services around it.
You’ll also need to take into account any local or state regulations pertaining to recreational businesses so that you can ensure your operations are in line with them. Additionally, depending on what activities you plan on offering on your property, you may need to obtain permits or certifications from the applicable government agencies in your area.
Consider Equipment Needs
Finally, it will be essential for you to invest in high-quality gear in order for customers to get the best experience possible when engaging in recreational activities. Investing in durable equipment such as boats, kayaks, firearms, and other gear not only allows customers access to quality gear but also provides peace of mind when it comes to safety and liability concerns.
By taking full advantage of available resources and properly considering all legal requirements associated with running a recreational business on private property, you can create a thriving business focused on outdoor recreation that draws people from near and far while also providing them with an unforgettable experience they won’t soon forget!
Talk with our outdoor and property experts at Merchant of Homes today to find the perfect place to launch your successful recreational business.