How do I inspect a kayak rental business’s fleet of boats and paddles?
Inspect every boat out of the water, in daylight. Look at hulls for cracks, gouges and repairs, then check seats, footrests, hatches, straps and paddles. Review the repair log and ask how old each boat is and how often it is replaced. A paddling professional can help you grade the fleet honestly.
Start with a full fleet list: each boat, paddle, life jacket and accessory, with age and condition. Then handle them. Run a hand along each hull, flex the paddle shafts, test hatch seals and tug on the carry handles. Check for sun damage and faded plastic, which can weaken parts over time.
Look at how the fleet has been looked after. Ask where it is stored, how it is washed and how often it is checked. A repair log with dates and costs is a good sign, and an absence of one is worth a question. Ask which items are scheduled for replacement soon and what they cost.
Ask whether any boats are leased, financed or owned by someone else. Check that safety gear is complete and in good order. Consider how the fleet matches the customers: enough singles, doubles and children’s sizes? Ask an experienced paddler or equipment specialist to grade the fleet, and share the findings with your accountant when you set terms. Take photos and notes during the inspection so you can compare findings with the seller’s list later, and ask for fixes or adjustments in the terms where needed.
Key takeaways
- Handle every boat and paddle yourself and note condition against a full fleet list.
- Ask for the repair log, replacement plans and details of anything leased or financed.
- Have an experienced paddler or specialist grade the fleet before you finalize terms.
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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 CanadaGovernmentEquipment valuation: How to do it
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
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