Rv Accessories Store

How Profitable Is A Rv Accessories Store? (Updated for 2024)

Pat Walls

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Updated: October 5th, 2024

How Profitable Is A Rv Accessories Store? (Updated for 2024)

So you want to start a RV accessories store?

And the first question that came to your mind was, “well, are RV accessories stores actually profitable?”

With a market size of $114B - there’s plenty of business to go around.

Especially considering:

You could start a RV accessories store with as low as $10,000
Based on our data, RV accessories stores generate an average of $3.71M per year
You could see gross margins as high as 65% with RV accessories stores

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a RV accessories store.

Let’s dive in!

Is a RV accessories store profitable?

Yes, a RV accessories store is generally a profitable business. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since average revenue is $3.71M per year with an estimated gross margin of 40%, you could expect to recover your investment within 7 months or even less.

But of course, it all comes down to how much you earn compared to the potential revenues of your RV accessories store.

To determine whether your business is profitable, you should earn more than your expenses in the beginning months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your RV accessories store is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a RV accessories store worth it?

If you’re wondering if a RV accessories store is worth it, the answer is a big YES. With RV accessories stores, you have the potential to earn $3.71M per year (this is based on data reported by real founders).

Further, you could have your initial investment back within months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $114B, it will be possible for you to build something that grows and turns into a flourishing business. As such, it’s the type of business you might want to consider starting.

Of course, you must learn and understand every aspect of running a RV accessories store to ensure success. Still, as long as you have the initial investment and can endure a few months before your actual gains, this business could be worth it.

You might want to consider reading more specifics about successful RV accessories stores case studies.

Examples Of Profitable Rv Accessories Stores

Here are a few examples of profitable RV accessories stores, and a few more details about them:

1. Origen RV Accessories LTD. ($6.96M/year)

Gord Wilson, the founder of Origen RV Accessories, came up with the idea for the world's only permanent jack pad after being diluted out of a majority ownership position in his previous successful RV accessory company. In 2015, Gord approached his three grown sons with the concept for the permanent jack pad, and they used their combined industry experience and digital marketing expertise to launch the company with just three SKUs. Since then, Origen RV Accessories has experienced impressive growth, grossing over $130,000 in its first year and achieving an average year-over-year growth of 124%.

Is it profitable? Yes
What's the gross margin? 65%
How much money it makes: $6.96M/year
How much did it cost to start: $50K

How We Created The World's Only RV Permanent Jack Pad

Origen RV Accessories has grown by an average of 124% YoY, grossing over USD 130,000 in the first year, and now carries over 40 SKUs, with six major distributors, and more than 300 RV dealerships, recently recording a NPS of 88 with their unique RV SnapPads.

Read this case study

Read by 11,030 founders

2. Panther RV Products ($4.8M/year)

Ethan and Jacob Sweet started Panther RV Products with the guidance and financing of their father Richard Sweet, who was already running an RV repair shop. They initially sold RV parts on eBay and gradually transitioned to selling hard-to-find RV products from Europe, setting themselves apart from competitors. After years of growth, they now generate an average monthly revenue of $400K and plan to manufacture their own campervan-specific parts.

Is it profitable? Yes
How much money it makes: $4.8M/year
How much did it cost to start: $10K

How We Started A $400K/Month RV Products E-Commerce Store

Panther RV Products generates an average monthly revenue of $400K by selling a variety of campervan parts to outdoor enthusiasts and small businesses outfitting cargo vans, with a focus on hard-to-find parts for campervans, while providing technical knowledge to customers that their competitors lack and using Google Ads and SEO to drive sales, and the company has plans to start manufacturing their own products for campervan customers.

Read this case study

Read by 5,743 founders

Learn more about starting a RV accessories store:

Where to start?

-> Rv accessories store plan
-> How to finance a RV accessories store?
-> How much does it cost to start a RV accessories store?
-> Pros and cons of a RV accessories store

Need inspiration?

-> Other RV accessories store success stories
-> Marketing ideas for a RV accessories store

Other resources

-> Rv accessories store tips

How much can you make with a RV accessories store?

With a RV accessories store, you can make an average of $3.71M revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $10,000. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 7 months.

How much does a RV accessories store make a week?

Based on our data, average weekly revenue for a RV accessories store ranges around $77.3K. As such, you could see monthly revenues of $309K.

To know if your RV accessories store achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your RV accessories store.

How much do RV accessories stores owners make?

The income of a RV accessories store owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly revenue of an established RV accessories store is about $77.3K. But this can be lower or higher depending on so many factors - it's almost impossible to say exactly.

While the potential for earning a good income as a RV accessories store owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Rv Accessories Store Profit Margins

Generally speaking, a RV accessories store can expect profit margin of around 40%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a RV accessories store, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, RV accessories store owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, RV accessories store owners can ensure long-term sustainability and profitability for their business.

Rv accessories store owner salary

The salary of a RV accessories store owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established RV accessories store, in a prime position, might see an average weekly salary around the ballpark of $30.9K.

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, based on many of our examples, a RV accessories store may be a promising business to start - but the success of your RV accessories store mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable RV accessories store.

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Createing A Rv Accessories Store: Everything You Need To Know

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