Real estate & management of a recreational park with approximately 180 homes

The company operates a recreational park with a total area of approximately 10 hectares. Its main activities consist of managing and maintaining roads, paths, and infrastructure; providing general utilities; and billing for annual consumption and expenses incurred. The company consists of three private limited companies: a management company, a real estate company (roads, trails, parking lots, a playground, and one detached home), and an operating company.

Business Activities and Customer Base
Permanent residency is tolerated by the municipality, which means that the largest customer group consists of homeowners on the lots within the recreational park. In addition, the business collaborates with professionals such as electricians and plumbers.

Strengths
Residents of the recreational park are contractually bound to the operation, which, combined with a profit margin of approximately 10%, ensures a steady stream of income.

Organization and Facilities
The company consists of an owner, whose children serve on the board, and works with a manager and an accountant on a self-employed basis. There is a reception desk at the recreational park.

Opportunities and Growth Potential
There is an opportunity in legalizing the property’s designation as permanent residential use; the municipality is aware of this and intends to work toward this goal.

Additional Information
The manager lives on the recreational park, ensuring constant supervision. In addition, several residents at the park regularly perform volunteer work.