What does owning a resort ask of the owner?
Owning a resort asks for long peak-season hours, often living on site, hiring and training seasonal staff every year, and steady work in the off-season. Owners also describe rewards: the setting, repeat guests and building something. Ask the seller how they actually spend their year before you decide.
A resort is a business and a way of life at once. The setting is the draw, and it is also what shapes the job. Before looking at the figures, a would-be buyer should think about the life that comes with the property. The selling owner is the best source on that, so plan to ask plenty of questions.
The busy season
In the peak months the work leaves little room for anything else. Owners are often on call at all hours, greeting guests, solving problems and covering gaps in the schedule. If the resort is remote, supplies, repairs and staff all take longer to arrange. Ask the seller what a typical day looked like in the busiest weeks, and what they could not delegate.
Living on site and family involvement
Many owners live at the resort, which makes the commute short and the days long. Family members often help with the front desk, cleaning or grounds. If you are counting on family, talk it through with them first. Ask the seller who currently does what, and what would need to be filled by paid staff if your household chose a different arrangement.
Seasonal hiring and the off-season
Resorts that close or slow down must find, house and train staff each year. Off-season work does not stop: maintenance, repairs, marketing and booking for the next season all happen while the guests are away. Ask how the seller hires, how many staff return, and how they use the quiet months.
The rewards
Owners describe the setting, long relationships with returning guests and the satisfaction of building something. Weigh them honestly against the demands, and find out how the revenue holds up across the year by reading what decides whether a resort makes money year-round.
- How many weeks a year did you work without a day off?
- Which jobs could you never hand to staff?
- How do you find and keep seasonal workers?
- What does the off-season look like for you?
Related reading
11 pages on the same subject, grouped by topic.
Buying
- Expert answerWhat decides whether a resort makes money year-round?
- GuideBuying a resort in Canada
- Expert answerCan you own a holiday lodge without running it yourself?
- Expert answerWhat should I check before buying a fishing lodge?
- Expert answerWill repeat guests keep coming after you buy a fishing lodge?
- Expert answerWhat should a new hotel owner do in the first months?
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 CanadaGovernmentAfter buying a business, what is the next step?
- 03Business Development Bank of CanadaGovernmentHow to reduce employee turnover
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