Should I buy an existing skating rink or build one?
Buying gives you a building, equipment and customers who already book parties and leagues, but you inherit the age of the equipment. Building lets you choose everything but means finding a large clear-span building, waiting through fit-out and starting with no bookings. Here are the trade-offs to weigh, without a verdict.
Both routes lead to the same place, a working rink, and they differ in what you carry on the way. One carries the history of someone else’s equipment and customers. The other carries time and the risk of an empty calendar. The right choice depends on your skills, your patience and your lender, so this page lays the trade-offs side by side.
The building comes first
A rink needs a large clear-span space with the right access, parking and neighbours, and such buildings are scarce. Someone who builds has to find one, then ask the municipality what it will allow there. Someone who buys inherits a space that already works, but should confirm what the lease or title permits. Your lawyer can tell you what each allows.
Fit-out time against going live
A new floor or ice plant has to be designed, supplied, installed and tested before you earn anything. Costs run while you wait. An existing rink is open on closing day, which also means you must keep the staff, the sessions and the bookings going from the first morning. Ask the seller how long a handover would last.
Customers and equipment
- Buying brings parties, leagues and regulars who already know the rink, but some may leave with the owner.
- Building starts with none of them, and marketing is your job from day one.
- Bought equipment may be near the end of its life, so ask for service records and an independent inspection.
- New equipment is under your control and carries its own warranty terms.
Lenders also look at each route differently. Ask yours what it wants to see for an existing business and for a start-up, and let your accountant test your plan against both.
Related reading
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Buying
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- Expert answerHow do I find a family entertainment centre for sale in Canada?
- Expert answerHow do I assess the equipment when buying a family entertainment centre?
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Legal
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWorking with a broker to find a business to buy
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 04Business Development Bank of CanadaGovernmentEquipment purchase financing for entrepreneurs
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