How do I present my indoor sports facility’s league contracts to a buyer?
Gather every league agreement into one package showing the parties, the ice or court time promised, the rates, the renewal terms and the payment record. Add a short note on which leagues are likely to return. A buyer will read the contracts closely, so make them easy to follow.
Create an index first. For each league, record who runs it, what time slots it uses, what the facility provides, how it pays and whether the agreement can be assigned to a new owner. Put signed copies behind each line, with any side emails or verbal arrangements written down so nothing surprises the buyer later. Show a buyer the date each agreement started and the date it ends, since a contract about to expire is read very differently from a fresh one.
Then add context the contract cannot give. Note how long each league has been with you, whether its organizer is happy, and which leagues are renewed by habit rather than by paperwork. Be honest about any organizer who has threatened to leave or has asked for better terms. Where you have no written agreement, say so plainly and describe how the arrangement works in practice.
Finally, decide with your lawyer how assignment will be handled. Some agreements need the other party’s consent, and it is better to learn that early than during closing. Your accountant can help you present payment history cleanly, and you can offer your buyer an introduction to the main organizers once talks are serious. Offer to answer questions in a meeting, rather than leaving the buyer to interpret the pages alone.
Key takeaways
- Index each league agreement with terms, time slots and payment record.
- Write down verbal arrangements and side promises.
- Ask your lawyer early whether contracts need consent to transfer.
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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 minimize negotiations when selling your business
- 02Business Development Bank of CanadaIndustryHow to sell your business
- 03Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
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