How do I assess a remote lodge’s boats, motors and float plane access?
Treat transport as a core part of the business. Inspect every boat and motor, ask for service records, and find out whether the float plane is owned or chartered, who operates it and what happens if it is grounded. Get independent opinions on condition before you decide.
Start with an inventory of every boat, motor and trailer, with year, make, hours of use and service history. Inspect them in person or send a marine mechanic. A seller’s word on a motor’s condition is a starting point, not a conclusion.
Then look at the float plane arrangement. Is the aircraft owned by the lodge, leased, or provided by a separate operator under a contract? If it belongs to someone else, ask what the agreement says, whether it renews and whether it transfers to you. Ask your lawyer to review it. Ask what happens when weather or maintenance grounds the plane and how guests are looked after.
Find out who the pilots and boat operators are, what training and certifications they hold, and whether they work for the lodge or an outside company. Confirm with your lawyer and insurer what is needed for you to take over. Finally, ask about the cost of keeping transport going. Request fuel, repairs and replacement history so your accountant can see the pattern, and ask what the seller would replace next. Ask also whether any boat has been replaced because of a close call, and how the lodge decides when a vessel is no longer fit for guests.
Key takeaways
- Inventory every boat, motor and trailer, then have a marine mechanic inspect them.
- Confirm whether the float plane is owned, leased or contracted, and whether that transfers.
- Ask what happens to guests when transport is delayed or grounded.
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Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaGovernmentEquipment valuation: How to do it
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