Lets Talk RV/Campgound Analysis

[Douglas Montgomery]

A local mom/pop owned campground has come up for sale. I would like some insight on how to analyze this. They aren't great book keepers but did provide some numbers. 829k asking price with 103 revenue. I couldn't get any real NOI from them so I'm wondering what are some of the costs to look out for. The overall condition of the park is decent. Well is 8 years old, Septic has been gone though. Theres a lot of room for value add by moving up the lot rent and possibly adding more camp sites. Similar campsites near this one are going for $800.00 more per season than they are charging. Does this even sound like a deal worth pursuing?