What should I check before buying a hockey school or training facility?
Check four things: the ice-time and facility bookings the school depends on and whether they carry over to you, which coaches are staying, whether families follow the head instructor or the program, and how registrations and deposits have moved across seasons. If it runs its own space, add the training equipment.
A hockey school sells coaching, not goods. There may be little to see on a visit besides a rink and a roster. What you are buying is a set of bookings, a group of coaches and the trust of families who sign up each year. That changes your checks. Instead of counting stock, you look at what holds the program together and what might leave with the person selling it.
Ice time and facility contracts
Most schools rent ice rather than own it. Ask for every booking agreement and find out how long each runs, who the arena contact is, and whether a new owner can keep the slots. Some arenas favour the existing operator, and some reallocate time each season. Ask your lawyer what the contracts say about transfer. Ask what happens to the schedule if the best ice times are lost.
Coaches and the head instructor
Find out who actually coaches, whether they are employees or contractors, and whether they plan to stay. If the founder is the face of the school, ask how many families would leave without them. Many buyers ask for a paid transition period so the founder introduces them and stays on for a defined time. See also how to negotiate transition support.
Registrations, deposits and seasons
Ask for registration lists across several seasons, split between in-season programs and summer camps. Look at how many families return and how many are new. Ask about prepaid registrations and deposits already taken, because someone will owe those families their sessions, and the purchase agreement should say who. If the school runs its own space, check the condition of any synthetic ice, shooting lanes and training gear.
Related reading
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Buying
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Selling
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 CanadaGovernmentMajor pitfalls to avoid when negotiating a purchase agreement
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