How do I find an indoor playground for sale in Canada?
Search listing sites under several names, because owners call the same business a play centre, a party venue or family entertainment. Then approach owners directly, since many sales are quiet. Early on, find out whether you are being offered a running business with customers and bookings, or only the equipment and a lease.
Indoor playgrounds rarely come up under one tidy label. An owner may call the business a kids play centre, a party venue, a soft play space or family entertainment, and a listing may use any of those words. Few of them are on the market at any one time, so a search that is patient, wide and specific to how these venues describe themselves tends to work better than checking a single category once.
Search under every name the business uses
Try each of the common terms on listing sites, and set alerts so new postings reach you quickly. Check the entertainment, recreation and franchise sections as well as the retail ones, since a listing is often filed where the broker thought it fit.
Reach owners who have not listed
Many play centre owners would consider an offer without ever advertising, especially if the work has become a grind. A short, respectful letter or visit can open a conversation. Say who you are, what you hope to run and that you will keep it confidential. A broker who knows the local family entertainment scene may also hear of owners before a listing appears, as the broker search guidance explains.
A running business or just the equipment
Some sellers are selling the play structure and fixtures, and the buyer must find a space, a lease and customers. Others are selling a venue with a name, regular visitors, party bookings and staff. These are different purchases with different risks. Ask at the start which one you are being offered, and whether the lease would pass to you. A closer look at the structure comes later, in due diligence.
- Search play centre, party venue, soft play and family entertainment, not only indoor playground.
- Ask whether the sale includes the business name, booking records and customer contacts.
- Ask whether the equipment is owned outright or financed.
- Ask whether the lease can be transferred, and on what conditions.
Related reading
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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 CanadaGovernmentWorking with a broker to find a business to buy
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 04Business Development Bank of CanadaGovernment13 terms you need to understand before signing your commercial real estate lease
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