Investment Overview

Marcus & Millichap is pleased to present this opportunity to acquire a well-established nudist MHP & RVP Resort. Sunny Sands Resort is located in a picturesque and scenic location in Pierson Florida and has been operating successfully since 1963. Nestled in northwest Volusia County’s fern fields, Sunny Sands is within a reasonable driving distance from Orlando, Jacksonville, Ocala, Ocala National Forest, Silver Springs, St Augustine, Daytona and, Daytona Beach. The resort is a year-round and consists of 105 rental units. There are 64 MH lots, 30 RV lots, 4 Chalet units, 1 cabin, 6 unimproved RV sites, plus additional primitive tent camping sites. The resort offers guests a unique experience of staying in an RV park while enjoying the freedom of being a nudist. It has a loyal customer base and attracts visitors from all over the country. The resort has a variety of amenities, including a swimming pool, hot tub, lake, volleyball courts, clubhouse with library, nature trails, and a fitness center, to name a few. The national nudist community is experiencing growth and increased acceptance, which bodes well for the future of a nudist RV park resort. According to a study by the American Association for Nude Recreation (AANR), the number of nudists in the United States has grown by 25% over the past decade, with an estimated 18-20 million people who have tried social nudity at least once. The Naturist Society reports that the number of nudist resorts and clubs in the US has also increased by 15% in the past decade, from 270 in 2010 to over 310 in 2020. Furthermore, the global nudist market is projected to grow at a CAGR of 7.9% from 2020 to 2025, according to a report by ResearchAndMarkets.com. The resort has bankable financials, with steady revenue growth over the years. The revenue is generated from the rental income of long-term MH tenants, RV spaces, resident and visitor membership fees, billbacks for trash and taxes, chalet & cabin rentals, a gift shop and a restaurant with the only liquor license in the county. Additional income can be generated from improving the MH rents which are far below market, decreasing the expense loads which are above industry norms, along with adding various activities organized on the premises. The resort maintains a high occupancy rate throughout the year, with peak seasons during the cooler months. The MH tenants are year-round & permanent. The pandemic has also contributed to an increase in interest in naturism, as more people seek outdoor and socially-distanced activities. AANR reported a 60% increase in website traffic in 2020 compared to the previous year. This increased interest in the nudist lifestyle could lead to even higher occupancy rates and revenue growth for the resort. The resort has an experienced and dedicated staff, who ensure that the premises are well-maintained and that the guests have a comfortable and enjoyable stay. The current manager is willing to provide training and support to the new owner to ensure a smooth transition. In summary, this is an excellent opportunity to acquire a profitable and well-established nudist RV park resort. With a loyal customer base, stable financials, and a growing nudist community, the resort is poised for continued success in the years to come. The new owner can take advantage of the existing infrastructure and reputation of the resort to further grow the business and generate even higher returns. We are asking interested parties to submit their offers based on the resort’s current financials. We will not be providing any pricing guidance. Given the location and metrics of the park, the deal should qualify for traditional recourse community bank debt.