ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Meet the Couple That Quit Jobs to Start a Campground Business; Here's how the Move Paid off

Mark and Karla Lemoine's bold shift from corporate life to campground ownership yielded a $6 million Michigan campground oasis. Their unconventional journey, fueled by innovative upgrades, highlights the joy of prioritizing lifestyle over traditional success metrics.
PUBLISHED JAN 11, 2024
https://www.cnbc.com/2023/06/24/couple-quit-jobs-sold-everything-to-buy-million-dollar-campground.html
https://www.cnbc.com/2023/06/24/couple-quit-jobs-sold-everything-to-buy-million-dollar-campground.html
https://www.cnbc.com/video/2023/06/24/we-bought-a-campground-for-1point6-million-today-its-worth-6-million.html
https://www.cnbc.com/video/2023/06/24/we-bought-a-campground-for-1point6-million-today-its-worth-6-million.html

Tales of creative minds leaving the corporate life behind to turn their innovative ideas into reality have formed the basis for a wave of entrepreneurship that has inspired young people across the globe. There are also success stories of individuals who used social media and dedication to turn their side hustles or forgotten passions into full-fledged businesses, to break the barriers of the traditional workplace. Another such remarkable tale is that of Mark and Karla Lemoine, who embarked on an unconventional journey, and bid farewell to corporate life as they drove towards the camping ground. Their bold move has not only transformed their lifestyle but turned their initial $1.6 million investment into a thriving $6 million Michigan campground business.

It all began in 2016 when Mark, who earned $200,000 annually in a Michigan state government job, expressed his desire to quit his employment and venture into campground ownership. Despite the financial risks, including a loss of their steady household income and two college-bound children, the couple decided to take a leap of faith with the new venture.

To finance their dream, the Lemoines adopted a creative financing approach. They sold their car, held a garage sale, and tapped into personal savings, Roth IRAs, and 401(k)s, while also securing a bank loan. With their house on the market, they embraced a frugal lifestyle, moving into an apartment above the campground's store.

https://www.cnbc.com/video/2023/06/24/we-bought-a-campground-for-1point6-million-today-its-worth-6-million.html
https://www.cnbc.com/video/2023/06/24/we-bought-a-campground-for-1point6-million-today-its-worth-6-million.html

The campground, initially valued at $1.6 million, required substantial renovations totaling $1.5 million. The Lemoines strategically invested in upgrades, from renovated bathrooms to a revamped general store and a robust café. Innovations like glamping tents and deluxe cabins added non-traditional revenue streams, and enhanced the camping ground's appeal and financial performance.

Despite being $50,000 shy of their previous annual income, the Lemoines emphasize their newfound happiness as business owners. The ability to manage stress on their terms and create a healthier lifestyle has outweighed financial considerations. The campground, now valued at $6 million, generated $1.2 million in revenue last year, allowing the couple to pay themselves a combined $150,000 in salary.

As the Lemoines continue to operate and grow their campground, they have embraced a unique lifestyle by purchasing a 34-foot RV to travel during the offseason. Their unconventional journey serves as proof of the promised rewards of stepping away from the corporate grind and pursuing a dream that aligns with their values.

In a world where financial success is often measured by traditional metrics, the Lemoines have redefined prosperity by prioritizing fulfillment, experiences, and the joy of campground ownership. Their midlife reset challenges all the conventional notions of success and proves that sometimes, the road less traveled leads people to the destinations where they were always meant to arrive.

MORE ON MARKET REALIST
Taxpayers in Texas, Louisiana, or Mississippi who paid self-employment tax can get their money back.
3 hours ago
Trump’s overall job approval slipped to 45% in January, down from 47% in December.
5 hours ago
While the host found the answers stupid, the survey thought otherwise.
5 hours ago
Shopper/TikTok creator, Jimmy Wrigg found beef and ham products to be half their labelled weight
1 day ago
Referring to his previous lawsuits, the president said he would be coming after Noah for "plenty$"
1 day ago
Harvey found the answer so stupid that he couldn't give up his chance to roast
1 day ago
Harvey got hyped after he found something in common with the NFL Hall of Famers.
1 day ago
Winning $20,000 on "Family Feud" is a big deal and emotions can run high. 
2 days ago
Jeff Probst will join Drew Carey to celebrate 50 seasons of Survivor.
4 days ago
The US may lose millions in tourist spending which could in turn cost 150,000 jobs as per WTTC
5 days ago
It's safe to say that Harvey has been yelled at quite a few times at home.
5 days ago
He said it will make the 2008 financial crisis look like a 'Sunday school picnic.'
6 days ago
National Taxpayer Advocate noted the IRS is battling 27% drop in workforce and new tax law changes
6 days ago
Harvey almost turned into Michael Jackson after hearing the answer.
6 days ago
This comes after a contractor exposed IRS data involving Trump, Elon Musk, Jeff Bezos, and others.
7 days ago
As a part of a plan to increase profitability, UPS will reduce 25 million work hours.
7 days ago
Despite low unemployment, many Americans remain only loosely attached to the workforce.
7 days ago
The Consumer Confidence Index slipped to 85.5 amid war concerns, rising costs, and a weak labor market
7 days ago
Harvey had to tell the world that his lips were 'all naturale.'
7 days ago