How do you keep slip holders after buying a marina?
Keep slip holders by meeting them early, honouring the contracts and deposits they already hold, keeping the dock staff they know, and changing rates or rules slowly and with notice. Slip holders judge a new owner in the first season, so reliability counts for more than big changes.
A marina’s slip holders are its steadiest customers, and they decide in the first season whether the new owner can be trusted with their boats. Due diligence checks the contracts before closing. This answer starts after closing, when the people who tie up every week are watching what you do.
Introduce yourself early
Meet slip holders in person, or write to them, before the season starts. Say who you are, what is not changing and how to reach you. Ask the seller to introduce you if they are willing. People who feel informed tend to stay. People who hear about a sale from a neighbour on the dock often start looking at other marinas.
Honour what is already promised
Existing slip contracts, deposits, prepaid fees and agreed services carry over into your first season. Know exactly what each holder was promised before you answer a question about it. Your lawyer can confirm what you took on at closing. Marina due diligence lists the slip documents to collect before you buy.
Keep the people who know the docks
Dock staff know the boats, the owners and the quirks of the place. Losing them in the first season is a common way to lose goodwill as well. Talk to them early, tell them what you plan, and listen to what they think works. Bring in changes to renewals and rates carefully, with plenty of notice and a clear reason.
Related reading
15 pages on the same subject, grouped by topic.
Buying
- GuideBuying a marina in Canada
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- GuideBuying a golf course in Canada
- GuideBuying a banquet hall and event venue in Canada
- Expert answerHow does a marina make its money?
- Expert answerWhat does owning a marina involve day to day?
- Expert answerHow do I find a marina for sale in Canada?
- Expert answerWhat happens to boats in winter storage when a marina is sold?
Due diligence
Selling
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
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