Caravan Park Business Plan
Through the adoption of the Council Plan 2022-2032, Council resolved to progress a business plan to determine the need and viability for the upgrading of the Boddington Caravan Park.
This project will involve two stages, being a needs assessment and business case to ensure that an evidence based approach is implemented.
The Needs Analysis (Stage 1) involved:
- Accommodation demand/supply analysis
- Consideration of the current and potential product mix to meet demand and ensure financial viability and a positive user experience
- Review and assessment of existing caravan park, noting any redevelopment requirements to ensure flexibility to “future proof” the development
- Assess current management arrangements and provide alternative management options where appropriate
- Determine opportunity for future staging of construction and development
- Provide concepts for minimising construction and servicing costs
- Consider potential to incorporate alternative uses for sites in the caravan park
- Liaison with relevant industry stakeholders
The Business Case (Stage 2) will involve:
- Caravan industry research, best case examples, locational advantages and potential issues
- Short and long-term market impacts of COVID-19 pandemic
- Current market trends and market projections
- Broad capital cost estimate of potential redevelopment – including construction and site services
- Financial modelling including projected occupancy and yield
- Estimated operational costs
- Product mix variability outcomes
- Cost benefit analysis
- High-level social and economic impact analysis
The Needs Analysis has now been completed and can be viewed here.
Timeline
Project commencement | September 2022
Draft Needs Analysis | November 2022 (completed)
Draft Business Case | December 2022
How can you be involved?
Specific engagement with local accommodation businesses has formed a part of this project, as well as an open opportunity to register to be individually consulted. Comments can be submitted throughout the project.