INDEPENDENT CONVERSION FRANCHISE APPLICATION€¦ · INDEPENDENT CONVERSION FRANCHISE APPLICATION....

INDEPENDENT CONVERSION FRANCHISE

APPLICATION

Kampgrounds Of America, Inc.Kampgrounds Of America (Canada), Ltd.

We appreciate your interest in a KOA franchise and look forward to exploring the possibility of a mutually beneficial business partnership. In any business relationship it is important for the parties involved to get to know each other to insure a long and successful relationship. Hopefully we have answered all of your questions to this point and we look forward to reviewing the completed application. Once approved, we will make arrangements to visit your campground(s) and discuss any remaining questions or issues.

Please answer all items completely and accurately.If you have any questions, please give us a call. Return completed applications to:

Kampgrounds of America, Inc.PO Box 30558 • Billings, MT 59114 • (800) 548-7239 or (406) 248-7444

www.ownakoa.com

Contact Person:_____________________________________________

Email Address: _____________________________________________

This application is intended to obtain pre-qualifying information.

2

INDEPENDENT CONVERSION FRANCHISE APPLICATION

CAMPGROUND INFORMATION:Marketing Name of Campground __________________________________________________________________

Legal entity name (if different) _____________________________________________________________________

Address _____________________________________________________________________________________

City_______________________ State / Province_______________________ Zip / PC_______________________

Campground Phone _____________________________________________________________________________

Web Site ____________________________________________________________________

# of acres developed ______________________ #of acres available for expansion _________________________

Owned Leased # of years remaining on lease____________________

Principal Operators Name(s)

Property:

Facilities:Is there currently any of the following on-site:

Buildings: (Attach additional sheets if needed)

1. ________________________________________ Owner / Non-Owner

2. ________________________________________ Owner / Non-Owner

3. ________________________________________ Owner / Non-Owner

Store Pool / Splash Pad Pet Walk

PlaygroundMeeting Space

Café/grillDump Station

Laundry RoomNight Registration Area

Please list type/function of building(s) and size(s) Size

________________________________________________________________ __________________________

________________________________________________________________ __________________________

________________________________________________________________ __________________________

DESCRIPTION # of Toilets

# ofShowers

Do showers have individual, private

dressing areas?

# of Sinks

# of Urinals

(1) Men’s Room(s)(1) Ladies’ Room(s)(2) Men’s Room(s)(2) Ladies’ Room(s)Unisex/Family Unit(s)

Campground Open Dates:

Open from ________________________ to ________________________. Open all Year

3


Other Facilities:Please describe.

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

Camp Site Information:Please detail the type and number of sites on your campground.

W/E/S__________ W/E__________ E __________ W__________

No Hookups (Numbered sites only) __________

Tent Sites not shown in other categories __________

Deluxe Cabins (w/ bathrooms) __________ Cabins (w/o bathrooms)__________ RV rentals on-site__________

Other__________ (please describe) ______________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

Total Site / Cabin / RV Rental / Other: ______________________________________________________________

SITE TYPES & SERVICES # OF SITES

50 Amp Max

30 Amp Max

20 Amp Max

Pull-thru

Back-ins

Cable TV

Metered Sites

Wi-Fi (approx # of sites with access)

4


Ratings: Trailer Life ___________________________________________________________________

Which one of the following descriptions best describes your campground:

_______ Overnight campground serving guests that typically stay for one night on their way to a destination

_______ Weekend destination campground serving a customer base that is located within easy driving distance

_______ Vacation destination location where guests usually drive longer distances and have a longer length of stay

Other (please describe) __________________________________________________________________________

____________________________________________________________________________________________

Average # of sites occupied by monthly campers in season _______

Average # of sites occupied by seasonal campers _______

Base Year Revenue:

Please provide revenue figu es for the most recent year-end income statement. If you don’t have the breakout as shown, please change revenue categories to match your $ figu es. This information will help us compare to future earnings with a KOA affiliatio

Campground Type:

REVENUE CATEGORIES YEAR ENDING ________________Daily/Weekly Camping Registrations $Monthly/Seasonal Camping Registrations $Cabin/Other Registrations $TOTAL REGISTRATION INCOME $Store Sales Net $Food Service Net $Other Income (from laundry, recreation, etc.) $

TOTAL NON-REGISTRATION INCOME $

5


TOTAL INCOME $

General Profile QuestionsWhat best describes your operational organization?

________ Campground is primary or only family business and family members are involved in the day-to-day operation, it is a lifestyle and business opportunity.

If checked above, please list all family members involved in the operation.

Name: Relationship:

________ Campground is a real estate / business investment and there is non-ownership management in place to supervise the day-to-day operation.

________ Campground is an additional business investment that is part of other owned business operations.

Other please describe ___________________________________________________________________________ ____________________________________________________________________________________________

Franchising requires a unique combination of the desire to be in business for yourself, but not by yourself. Being part of a branded system offers many opportunities to take advantage of KOA guest loyalty, national exposure and system wide networking. How do you see yourself benefiting from and contributing to the KOA system? ____________________________________________________________________________________________ ____________________________________________________________________________________________ ____________________________________________________________________________________________ ____________________________________________________________________________________________ ____________________________________________________________________________________________ ____________________________________________________________________________________________ ____________________________________________________________________________________________

Delivering world-class customer service is an integral piece to the success of KOA. The service level you provide forms the guest’s opinion of a KOA and impacts their decision to stay at any KOA in the future. Please provide some examples of how you deliver world-class service. ____________________________________________________________________________________________ ____________________________________________________________________________________________ ____________________________________________________________________________________________ ____________________________________________________________________________________________ ____________________________________________________________________________________________ ____________________________________________________________________________________________ ____________________________________________________________________________________________

________________________________________________________________________________________________________________________________________________________________________________________________________

________________________________________________________________________________________________________________________________________________________________________________________________________

6


PROPOSED FRANCHISEE(S):Entity or Individual(s) Name(s): ____________________________________________________________________

(Name(s) in which the Franchise Agreement will be issued) ______________________________________________

Please attach the appropriate articles of incorporation/operating agreement, partnership agreement, joint venture agreement or trust agreement. If the Applicant is a legal entity or partnership, then the ownership breakdown for the entity must be provided. Please provide below the name or names of a principal contact(s), to whom all correspondence should be addressed and who has authority to act for the Applicant.

If more than two principals are involved, please copy this page and add additional names and contact information

Principal Contact Name: ______________________________________________________________________

Address_______________________________________________ City____________________________________

State/Province__________________________________________ Zip / PC________________________________

Day Phone_________________________ Cell Phone________________________ Fax_______________________

Email Address _________________________________________________________________________________

Please check which item best describes your involvement in the operation:

Will be on property and managing the day-to-day business operation

Will be supervising the day-to-day operation through an on-site general manager

Other (please explain)

Principal Contact Name: ______________________________________________________________________

Address_______________________________________________ City____________________________________

State/Province__________________________________________ Zip / PC________________________________

Day Phone_________________________ Cell Phone________________________ Fax_______________________

Email Address _________________________________________________________________________________

Please check which item best describes your involvement in the operation:

Will be on property and managing the day-to-day business operation

Will be supervising the day-to-day operation through an on-site general manager

Other (please explain)

Sole ProprietorshipLimited Partnership Corporation

General PartnershipLimited Liability Partnership (LLP) Limited Liability Company (LLC)

Type of Entity:

Other (please explain) _________________________________________________

7


Entity Ownership Breakdown(Must equal 100%. Attach separate sheet(s) if necessary)

OptionalIf there are other non-owner management parties involved with your campground such as a General Manager or other individuals with decision making responsibility, please provide their name and job responsibility.

Name_____________________________________ Responsibility _______________________________________

Name_____________________________________ Responsibility _______________________________________

Name Title % of Ownership

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

IMPORTANTIf the campground is a recent purchase, (less than two years) we would like for you to complete the following business experience, cash flow projections and financial statements. If owned longer than two years, please complete only the business experience section or substitute information about corporate history and then skip to the last page for signature.

How long have you owned the campground? ____________Years

We have shared a great deal of information about KOA and we would like to become more knowledgeable about you and your business experiences as we move towards a mutually beneficial business partnership. Please complete the following business and personal profile for each principal party listed on this application. Please feel free to attach a resume in lieu of the form below or if it is a legal entity making application, corporate business history documents would be a suitable substitute for this information.

8


Business Experience:(For individuals listed on page 7)

Principal’s Name: _______________________________________________________________________________

List your last 3 positions (Indicate if self-employed) OR attach resume for past 10 years.

Present Position:_____________________________________________ From:_____________ To: _____________

Company Name/Location: _______________________________________________________________________

Type of Business: _______________________________________________________________________________

Describe your responsibilities: ____________________________________________________________________

____________________________________________________________________________________________



Type of Business: _______________________________________________________________________________


____________________________________________________________________________________________



Type of Business: _______________________________________________________________________________


____________________________________________________________________________________________

Have you previously owned or been involved in a franchise operation?(If yes,explain)

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________Please describe any experience you have in real estate development or construction. Please describe any experience you have in the camping industry,recreation industry and/or hospitality industry.

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

9


Business Experience:(For individuals listed on page 7)

Principal’s Name: _______________________________________________________________________________

List your last 3 positions (Indicate if self-employed) OR attach resume for past 10 years.



Type of Business: _______________________________________________________________________________


____________________________________________________________________________________________



Type of Business: _______________________________________________________________________________


____________________________________________________________________________________________



Type of Business: _______________________________________________________________________________


____________________________________________________________________________________________

Have you previously owned or been involved in a franchise operation?(If yes,explain)

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________Please describe any experience you have in real estate development or construction. Please describe any experience you have in the camping industry,recreation industry and/or hospitality industry.

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

____________________________________________________________________________________________

10


YEAR DESCRIPTION OFIMPROVEMENT(S)/CHANGE(S)

SOURCE OF FUNDS*

ESTIMATEDCOST

1

2

3

*Source of Funds: “CF” = Cash Flow from Operation “F” = Finance “OA” = Other available funds

Business Cash Flow Projections and Anticpated Capital Needs:It is important to evaluate the cash fl w from your current operation and how it will enable you to invest in your business. Please use your most recent campground profit and loss statement, debt service (principal and interest) and other available capital to complete the following cash fl w and capital needs analysis.

IMPORTANT: If you have any question on how to complete this section, please call your KOA contact.

1. Net Operating Cash Flow to Owner(The total annual cash available to owner for profit and einvestment.)

2. Debt service (principal and interest)Loan amount $_________________________Loan term (years) _______________________Loan Interest rate____________% Fixed / Variable

3. Net Cash available for reinvestment and profits(Subtract # 2 debt service from #1 net operating cash to owner)

Please describe the capital improvements you anticipate making on your property, the source of funds for these improvements and the estimated cost.

$ ___________________________

$ ___________________________

$ ___________________________

11


This information must be completed for the proposed ownership entity. Entities other than sole individual owners must provide an entity Balance Sheet and P&L statement. If entity balance sheet does not have enough available assets and net worth to justify the purchase and operation of the campground, then additional financial statements from principal applicants must be provided. Please fill in all blanks. For a y of which do not apply, mark N/A.

ASSETS $ Omit Cents

Cash, Checking, Savings, CDs, etc.See Schedule Number 1

Stocks, Bonds, Govt. Securities, etc.See Schedule Number 2

IRAs, 401Ks, Other Pension/RetirementSee Schedule Number 2

Life Insurance Cash Surrender ValueSee Schedule Number 3

Notes and Accounts ReceivableSee Schedule Number 4

Residential Real EstateSee Schedule Number 5

Investment Real Estate (current value including the campground)See Schedule Number 5

Vehicle(s) (current value)See Schedule Number 6

Other Assets(furnishings, collections, antiques, jewelry, etc.)

See Schedule Number 6

TOTAL ASSETS

LIABILITIES $ Omit Cents

Mortgages Payable on Real EstateSee Schedule Number 7 (including the campground)

Other Notes/Loans PayableSee Schedule Number 7

Loans against Life InsuranceSee Schedule Number 7

Vehicle Loan(s)See Schedule Number 7

Credit Card BalancesSee Schedule Number 8

Taxes PayableSee Schedule Number 9

Other Liabilities(leases, liens, back taxes, etc.)

TOTAL LIABILITIES

NET WORTH(Assets minus Liabilities)

APPLICANT(S) INITIALS:________________________________

12


OTHER SOURCES OF INCOME (ongoing) $ Omit Cents

Bonus/Commission Payments

Dividends and Interest

Real Estate Income

Salary (only if will continue)

Other Income (describe source)

Total Other Income

PLEASE COMPLETE ALL SCHEDULES.Attach any supporting materials, or use additional sheets if necessary for any schedule.

SCHEDULE NUMBER 1: CASH ON HAND

Banks/Financial Institution (Include City/State/Zip)

Account Type(Checking, Savings, etc)

Account Balance

Brokerage/Financial Institution Description ofSecurity

RegisteredOwner

Present Value

SCHEDULE NUMBER 2: SECURITIES OWNED(Include Retirement Accounts, Stocks, Bonds, Annuities, etc.)

13


Insurance Company Beneficiary PolicyType

Face Value

Cash Value

Loans

Debtor Name & Address

Descriptionof Debt

SecurityHeld

AmountOwed

Payment Amountper Month or Year

Property Addressor Description

MortgageHolder

Amount Due

MarketValue

NetValue


Description Current Market Value

Amount Owed

To Whom(Include Acct. #)

Net Value

SCHEDULE NUMBER 3: LIFE INSURANCE

SCHEDULE NUMBER 4: ACCOUNTS, LOANS AND NOTES RECEIVABLE(Amounts owed to me/us)

SCHEDULE NUMBER 5: REAL ESTATE MORTGAGES(including the campground)

SCHEDULE NUMBER 6: OTHER ASSETS(Vehicles, Furnishings, Antiques, Artwork, Jewelry, Collections, etc.)

14


Note HolderName/Address

Descriptionof Debt

SecurityHeld

AmountOwed


Creditor’s Name & Address(City/State)

Account # CurrentBalance

MonthlyPayment

To Whom Owed(Federal/State/Local Authority)

Type CurrentBalance

Due Date

SCHEDULE NUMBER 7: ACCOUNTS, LOANS AND NOTES PAYABLE(Amounts owed to others)

SCHEDULE NUMBER 8: CREDIT CARD/OTHER INSTALLMENT LOANS

SCHEDULE NUMBER 9: TAXES PAYABLE

Individual’s Name: ___________________________________________________________________________Have you ever filed for bankrup cy?Are you a co-maker, guarantor, or endorser of any other person’s debt?Are you presently a party to any form of litigation?Are there any liens presently outstanding against you or your property?Amount of contingent liabilities, if any: ______________________________________________________________

____________________________________________________________________________________________

If yes to any of the above, please explain: ____________________________________________________________

____________________________________________________________________________________________

Individual’s Name: ___________________________________________________________________________Have you ever filed for bankrup cy?Are you a co-maker, guarantor, or endorser of any other person’s debt?Are you presently a party to any form of litigation?Are there any liens presently outstanding against you or your property?Amount of contingent liabilities, if any: ______________________________________________________________

____________________________________________________________________________________________

If yes to any of the above, please explain: ____________________________________________________________

____________________________________________________________________________________________

Yes No

Yes No

Yes No

Yes No

Yes No

Yes No

Yes No

Yes No

15


APPLICANT(S) SIGNATURE(S):Each individual with any interest shall sign and date this form (Electronic signature(s) acceptable). Each warrants, represents and certifies by his/her signature that the foregoing statements are true, complete and accurate as of the date hereof, and declares that he/she will immediately make notification to Kampgrounds of America, Inc., Kampgrounds of America (Canada) Ltd. (KOA) of any change in the foregoing information. Each understands that the foregoing representations will be relied upon by KOA in determining whether to grant a franchise.

Applicant Name(Please type or print)

____________________________________________________________________________________________

Applicant Signature: ___________________________________________________ Date: ___________________

Co-Applicant Name(Please type or print)

____________________________________________________________________________________________

Co-Applicant Signature: ________________________________________________ Date: ___________________

PLEASE RETURN TO:

Kampgrounds of America, Inc.Franchise Application

P.O. Box 30558Billings, MT 59114

406-248-7444800-548-7239

16


INDEPENDENT CONVERSION FRANCHISE APPLICATION€¦ · INDEPENDENT CONVERSION FRANCHISE APPLICATION....

Documents

Transcript of INDEPENDENT CONVERSION FRANCHISE APPLICATION€¦ · INDEPENDENT CONVERSION FRANCHISE APPLICATION....