Writing a Business Plan for a
Mobile
Home
Park
Mobile home parks are common to areas that typically have lower income and lower middle income people. These businesses generate substantial streams of revenue not only from the sales of mobile homes, but also from the rental of these properties. Over the past 14 years, Deutsch and Thomas has worked with both types of real estate investment firms that either develop new mobile home parks to sell to third parties or for rental income purposes. We are familiar with all operating aspects of these companies, and we can develop a comprehensive business plan for you that clearly showcases to a financial institution or to an investor how this will be an economically viable real estate project. One of the nice aspects of owning a mobile home park is that these businesses typically are always able to produce a substantial stream of income regardless of how the general economic climate is doing. One of the key focus is that we have in any business
plan that we develop is the economic viability of the company.
Deutsch and Thomas always develops a full five year financial model that has a profit and loss statement, common size income statement, cash flow analysis, balance sheet, breakeven analysis, as well as all applicable business metrics. We always provide our clients with two forms of the business plan – one that is appropriate for financial institution and one that is appropriate for an investor. This allows our clients have all their financing options open to them if they are seeking either debt, equity, or combination of both in order to develop or acquire a mobile home park. Additionally, we always include a full scale marketing and advertising plan that clearly showcases how the business will market its available units to the general public. This includes working with area real estate brokerages that cater to the needs of lower income and lower middle income people. Additionally, we always include a full-scale market analysis that
features information about the economy as a whole, the mobile home park industry, and the ongoing competition at the business will face. A demographic profile of the anticipated buyers or renters is also included within any business plan we do.
If you are seeking a professionally written business plan for your mobile home park, please feel free to contact us anytime at 646-216-9844 or through the contact us form on this website. We look forward to working with you!