How do I show a buyer that my marina’s winter storage is reliable?
Show a buyer the winter storage records: who stores, for how many seasons, how the space fills each year and how deposits are collected. Add the condition of the storage buildings or yard, and your claims history if boats have been damaged.
Winter storage gives a marina income when the water is closed, so a buyer will want proof that it repeats. Start with the occupancy record by year, showing how many boats came in, how many came back and how many new ones joined. Repeat customers are the clearest sign of reliability, so list how long each has stored with you.
Show how the money works. Provide the contracts or forms customers sign, the dates deposits are due and the pattern of payment. Note whether space is full or whether there is a waiting list, and whether customers book early.
Then show the physical side. Walk a buyer through the storage buildings, yard or cradles and explain how boats are lifted, moved and secured. Share maintenance records for the lift equipment and any insurance claims over the past seasons, with what went wrong and what you changed. Finally, link the storage income to the books. Your accountant can check that revenue, deferred deposits and cash flow tell the same story, and your lawyer can explain how storage agreements pass to a buyer. Invite a buyer to visit in winter, when the yard is full, rather than only in the quiet shoulder season. Keep photos of the yard in the off season too, because a buyer can then see the space is organized when no one is watching.
Key takeaways
- Show occupancy and repeat customers season by season.
- Provide storage agreements and the deposit pattern.
- Share lift maintenance and any damage claims, with what you changed.
Related reading
12 pages on the same subject, grouped by topic.
Selling
- Expert answerHow do I show buyers the winter slowdown in my food truck business?
- Expert answerHow do I explain a car wash’s slow winter months to a buyer honestly?
- Expert answerHow do I show a buyer my buffet’s weekend and holiday crowds?
- Expert answerHow do I show a buyer my co-packing line’s changeover routine?
- Expert answerHow do I show a buyer my shawarma shop’s marinade and sauce process?
- Expert answerHow do I show buyers my restaurant without alarming customers?
Buying
Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaGovernmentWhat are financial statements?
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.