In this video, we will answer the question, how long will my glamping site take to start making money?
There's a couple of different answers to this. Depending on what the question actually means. If the question means how long it all the money starts coming into the bank for the glamping site. That’s pretty quickly. As soon as your almost open, you can start taking bookings and you can start to take in money. But if the question is actually meaning how long until the business is in profit, then that depend on a number factors. How much all the expenses do you have. How much money your people to paying. How much money you spent out to set up a site and all these different sort of things. But we can speak if the question means this, then we can speak about a few different things that we work out from feasibility study and from our own site and other sites to dealt with. How quickly the glamping businesses can take to get out of the red and into the black.
Generally we found from feasibility studies as well as our own site here North coast 500 pods, is that it will typically takes around two years for a glamping business to get out of the red and into the black. Does that means in real life terms, that's when you start profiting from your glamping business. Once you paid by all your obligations, all the potential debt that you might have from setting up, all the money that you put in yourself to get through and running. Generally about two years is how long will take get from being minus to be in plus.
If the question meant, how long until you start getting money into your bank account as I said earlier on. Pretty quickly! You can start to do this a reasonable amount of time before you actually open the door for your glamping business. As soon as you know that your going to be ready to start taking customers at a certain date, I don't mean just suspect, you need to know so that you don't need yourself in trouble. As soon as you know that, you can start to take paid bookings. which means that is the start you are taking money in. this could be a couple of months before you actually even open. That's when you start taking money into the bank account.
How long will your glamping site take to start taking money. Generally a couple of years if you're talking about profit. If it just taking money in, then you know a few months before you open.
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