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
One of the customers contacted her employer after receiving her wage twice, and soon realized it was an error.
8 hours ago
The expert estimated that if the item was authentic, it would have been 10 times more in value.
17 hours ago
Jennings' record-breaking steak earned him a whopping $2.52 million in winnings.
20 hours ago
There have been incidents when people went too far with celebrations and even ended up hurting themselves.
21 hours ago
The firm that was popular among sharks is still going strong with the innovative product.
22 hours ago
Early 1980s was a special era as several rare coins were minted then.
1 day ago
The investor is known for his suave and no-nonsense approach and needs to maintain a sharp look.
1 day ago
The year may be 2024 but women's basic safety still seems to be too much of a challenge for society.
1 day ago
Winners know winning on Price Is Right it isn't like what it's cracked up to be.
1 day ago
Seacrest has stepped into the shoes of Pat Sajak who entertained audiences for decades.
1 day ago
The "Rolling Stones" singer said leaving a part of the inheritance might "do some good in the world."
2 days ago
Leilani had to go through a lot of paperwork and wait only to find out what she won wasn't what she'd get.
2 days ago
The guest investor Gwyneth Paltrow was also impressed by the entrepreneur's thought process.
2 days ago
The decorator still didn't get it when the woman returned to Walmart with her cake.
2 days ago
Steve Harvey is known for his infectious sense of humor that can come out at any moment.
2 days ago
One of the rarest Rolex watches in the world was kept in a safety deposit for decades, unworn.
3 days ago
The product was invented by a mother who wanted to protect her kids from rashes.
3 days ago
It's not everyday one gets to see a contestant come back on The Price is Right after decades.
3 days ago
Fellow workers suggested that people are sleeping on how much one can make as a server.
3 days ago