How do I sell a cabin or cottage rental business?
Time the sale around your season, document your bookings and repeat guests, decide with your advisers whether the land goes with the business, and plan how future reservations and deposits will be handed over. Tell guests and staff only once the buyer and the timing are settled.
A cabin or cottage operation sells on its guests and its bookings as much as on its buildings. A buyer wants to see that people come back, that reservations arrive without you, and that the place can run when you step away. Most of the work is preparation done months before anyone makes an offer.
Timing around the season
Buyers like to see the place working. Many owners start preparing in the quiet months and let serious buyers visit while guests are there, with care for their privacy. Decide when you could hand over without leaving guests stranded, and avoid a closing in the middle of your busiest weeks. A buyer who takes over just before the next season has time to learn the routines.
Bookings and the guest list
Put your records in order: a booking history for each cabin, a list of repeat guests, how guests find you and what they say in reviews. Keep it tidy and complete, because a buyer will read it closely. Ask your lawyer which privacy rules apply before you share names with a buyer; they can tell you what to remove and when.
Land and the business
Decide with your lawyer and accountant whether the land is sold with the business, leased to the buyer or kept. Each choice changes the buyer pool and the paperwork. Our page on keeping the real estate when you sell explains the questions to bring to them.
Reservations, deposits, guests and staff
Agree in writing how future reservations and deposits pass to the buyer, and who contacts those guests. Tell staff and guests when the buyer and the timing are settled, not before; early news can unsettle both. Those who hear it from you, with a plain account of what stays the same, tend to take it well. Compare selling an Airbnb business, where platform terms add their own limits.
Related reading
12 pages on the same subject, grouped by topic.
Selling
Buying
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaIndustryHow to sell your business
- 02Business Development Bank of CanadaGovernmentHow to Find the Right Buyer for Your Business
- 03Business Development Bank of CanadaGovernment7 steps to increase your business’ value—before you sell it
- 04Business Development Bank of CanadaGovernmentHow to minimize negotiations when selling your business
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