How do I check where a paddle rental’s storage racks and trailers are kept?
Visit the storage site and ask who controls it: the seller, a landlord, a marina or a neighbour. Get any lease or permission in writing, and check that it carries over to you. Then look at security, condition and access for the racks and trailers, since losing the spot can stop the business.
Storage is often the quiet weak point in a paddle rental. Start by finding out exactly where the boats and trailers sit and under what arrangement. A handshake with a landowner is not the same as a signed agreement. Ask the seller to show you what exists, and ask whether the arrangement can pass to a new owner.
Then walk the site. Check how racks are built and whether they are in good shape, how boats are supported and protected from wind and sun, and how easily staff can load and unload. Look at trailers for tyres, hitches, lights and general condition. Ask who owns each trailer and whether any have loans against them.
Consider security and risk. Is the area fenced, lit or in view? Ask about past theft, damage or disputes with neighbours. Ask your insurer what it expects for storage. Finally, ask what the backup is if the site is lost. A buyer who knows an alternative spot is better prepared than one who learns about the problem after closing. Take pictures of the setup in each season, since wet ground, snow or high water can change how well a site really works.
Key takeaways
- Confirm in writing who controls the storage site and whether the arrangement transfers.
- Inspect racks and trailers for condition, ownership and any loans against them.
- Ask about theft, damage and what the backup is if the site is lost.
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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 CanadaGovernmentEquipment valuation: How to do it
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