How do I prepare a golf simulator business for sale?
Gather booking reports by bay and month, an equipment list with ages and service records, the software and supplier terms, your lease and any landlord consent, and your member, league and prepaid balances. Then think about timing the sale around the indoor season, and give your lawyer and accountant the same file.
A buyer of a simulator studio will ask about the machines, the lease and the customers, usually in that order. Have your answers and records ready in one folder. Start the file several months before you plan to list. Most of it is paperwork you already have, just scattered across your booking system, inbox and filing cabinet.
Bookings and equipment records
Export booking reports by bay and by month so a buyer can see how the room is used through the year. Then list every simulator, launch monitor, projector and computer with make, model, year bought and service history. Note anything replaced or due for replacement. A tidy list lets a buyer see the equipment as an asset and not a guess.
Software, suppliers and the lease
Collect the software subscriptions and hardware supplier terms, and find out whether the accounts can move to a new owner. Pull out your lease and check whether the landlord must consent to a transfer. Ask your lawyer to read it, and see how to prepare a family entertainment centre for sale for a similar venue’s file.
Members, leagues and timing
Summarize your active members, league teams and any prepaid bay time or gift cards outstanding, and decide with your accountant how those balances will be handled at closing. Think about timing too. The season in which you list affects what buyers see, so be clear about how busy and quiet months differ.
Related reading
11 pages on the same subject, grouped by topic.
Buying
- Expert answerIs a golf simulator business profitable?
- Expert answerHow do I find a family entertainment centre for sale in Canada?
- Expert answerWhat should I check before buying a mini golf business?
- Expert answerHow do I find a golf simulator business for sale in Canada?
- Expert answerWhat should I check before buying an arcade business?
- Expert answerHow do I find an arcade business for sale in Canada?
Selling
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to minimize negotiations when selling your business
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 03Business Development Bank of CanadaGovernment13 terms you need to understand before signing your commercial real estate lease
- 04Business Development Bank of CanadaGovernmentEquipment valuation: How to do it
Deavo is an advertising and listings platform, not a brokerage, law firm or valuation firm. This page is general information, not legal, tax, accounting or valuation advice, and rules differ by province. Confirm anything you rely on with a qualified professional before you act on it.