These articles are designed to help fishing & hunting lodge, camp & resort owners stay up to date on their industry and further improve their businesses.
How to Vet an Interested Wilderness Lodge Buyer Selling your wilderness lodge as a “For Sale By Owner” (FSBO) can save you money in commission fees, but it also means you’re responsible for separating serious buyers from “tire kickers” –… Read More »How to Vet an Interested Wilderness Lodge Buyer
Housekeeping vs. American Plan: Which Service Model Maximizes Profitability? When operating a wilderness lodge, one of the most consequential business decisions you’ll make is which service model to offer your guests. The two primary options—Housekeeping Plans and American Plans—create fundamentally… Read More »Housekeeping vs. American Plan: Which Service Model Maximizes Profitability?
Seasonal Operations and Cash Flow Management for Wilderness Lodge Owners One of the most significant challenges facing wilderness lodge operators is the highly seasonal nature of the business. With peak seasons often lasting just 12-20 weeks, managing cash flow throughout… Read More »Seasonal Operations and Cash Flow Management for Wilderness Lodge Owners
Thoughts on Wilderness Lodge Vacation Package Pricing At the local community center the swim lanes are labelled: Slow, Medium and Fast. The medium (average speed) lane is always the most full. People are able to convince themselves they’re either a… Read More »Thoughts on Wilderness Lodge Vacation Package Pricing
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Caveat Emptor: Wilderness Lodge Buyers, Do Your Due Diligence These critical steps should be considered before acquiring a wilderness lodge. If you’re not familiar with the concept of caveat emptor, it puts the onus of inspection and transaction risk firmly… Read More »Caveat Emptor: Wilderness Lodge Buyers, Do Your Due Diligence
EBITDA Ratios in the Wilderness Lodge Industry EBITDA means Earnings Before Interest, Taxes, Depreciation, and Amortization. It defines how much the Wilderness Lodge is making in profit after expenses and is one of the most used financial health indicators in… Read More »EBITDA Ratios in the Wilderness Lodge Industry
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This is How Much Revenue Wilderness Lodges Make Both current wilderness lodge owners and prospective buyers want to know how much revenue these businesses can make. This article will answer that question. Below I’ve laid out some revenue data and… Read More »This is How Much Revenue Wilderness Lodges Make
Valuation Multiples For Lodges or Resorts The gross revenue multiplier approach to estimating market value is a simplified method that can be used for estimating the market value of a lodge or resort. It analyzes comparable lodge or resort sales… Read More »Valuation Multiples For Lodges or Resorts
Need a Lodge or Resort Real Estate Appraisal? We’ll Connect You with a Real Estate Appraiser that has the expertise you need How it works: Select Location Below Select the Province/State of the property you need an appraisal in Connect… Read More »Fishing Hunting Lodge and Resort Real Estate Appraisal
Lodge and Resort Sale Non-Disclosure Agreement In the lodge and resort industry, Non-Disclosure Agreements (NDAs) play a crucial role in maintaining confidentiality during the sale process. A well-structured NDA ensures that sensitive information is safeguarded from unauthorized access and disclosure.… Read More »Lodge and Resort Sale Non-Disclosure Agreement
Lodge and Resort Purchase/Sale Letter of Intent Template Using a letter of intent when purchasing a Lodge or Resort is a good idea for several reasons. Here are some of the advantages: 1. Clarity of Intent: A letter of intent… Read More »Lodge and Resort Purchase/Sale Letter of Intent Template
Northwestern Ontario Lodge and Resort Real Estate Appraiser “By specializing in Lodges & Resorts and providing professional, timely and thoughtful service, I have become the leading provider of fishing & hunting lodge and resort appraisals in Northwestern Ontario. Serving: Kenora… Read More »Northwestern Ontario Lodge and Resort Appraisals
Serving: Thompson Okanagan, Kootenay Rockies, Cariboo Chilcotin Coast, Northern BC, Vancouver Island, Vancouver, Coast and Mountains.
Lodge and Resort Purchase/Sale Due Diligence Checklist In a fishing hunting lodge or resort real estate transaction, “due diligence” refers to the process of investigating and verifying information about a property before completing the sale. It is a critical step… Read More »Lodge and Resort Purchase/Sale Due Diligence Checklist
Lodge and Resort Sale Information Package Template A sale information package is a collection of documents and data that provide potential buyers with detailed information about a lodge or resort property that is for sale. Here are some reasons why… Read More »Lodge and Resort Sale Information Package Template
Lodge and Resort Sale Communications Plan Template In the dynamic landscape of business, change is inevitable. When the torch of ownership is passed on, effective communication becomes paramount. A business sale communication plan serves as the linchpin in this intricate… Read More »Lodge and Resort Sale Communications Plan Template
Top 5 Fishing Hunting Lodge, RV Park and Resort Sport Shows to Attend Trade shows put you and your team down on the ground, face to face with your market in a way that few other events or marketing channels… Read More »Top 5 Fishing Hunting Lodge, RV Park and Resort Sport Shows to Attend
Top 5 Fishing Hunting Lodge, RV Park and Resort Promotional Products & Souvenirs Providers Promotional products and souvenirs are an excellent way to promote your business. These items increase brand awareness and build brand loyalty–all while being cost-effective! Top 5… Read More »Top 5 Fishing Hunting Lodge, RV Park and Resort Promotional Products & Souvenirs Providers
Top 5 Fishing Hunting Lodge, RV Park and Resort Internet Marketing Agencies Here’s our Top 5 internet marketing agencies helping Fishing Hunting Lodges, RV Parks and Resorts improve their online reach and increase the return on investment of their marketing… Read More »Top 5 Fishing Hunting Lodge, RV Park and Resort Internet Marketing Agencies
Top 5 Fishing Hunting Lodge, RV Park and Resort Insurance Providers Valuable assets like fishing hunting lodges, RV Parks and resorts need a specialized insurance policy. These Top 5 insurance providers will show you different insurance policies that are suitable… Read More »Top 5 Lodge, RV Park and Resort Insurance Providers
Northern Ontario Lodge & Resort Sales Data Knowing the price range that the majority of lodge and resort sales fall within is very beneficial to both current owners and interested buyers. Most lodges and resorts are sold privately with owners… Read More »Northern Ontario Lodge & Resort Sales Data
Lodge & Resort Selling Price Vs Asking Price Ratio The selling-price to asking-price ratio, expressed as a percentage, is one of the most important statistics available. Sold to ask ratio is simply calculating the percentage of asking price that a… Read More »Lodge and Resort Selling Price Vs Asking Price Ratio
How Much Did Lodge and Resort Revenue Decrease in 2020? In March 2020, the Canadian Government imposed travel restrictions and border closures aimed at containing COVID-19. This brought travel to and from Canada to a near standstill. Some restrictions affected… Read More »How Much Did Lodge and Resort Revenue Decrease in 2020?
Special Interest Purchasers in the Fishing & Hunting Lodge and Resort Industry It is the goal of any fishing & hunting lodge or resort seller to maximize the selling price. From a buyer’s perspective, the alignment of the target business… Read More »Special Interest Purchasers in the Fishing & Hunting Lodge and Resort Industry
Experience Life Operating an Off-the-Grid Remote Fishing Lodge Nature allows us to disconnect from the fast-paced technological world we’re used to and connect with our more primal instincts. Buying and operating a remote fishing lodge is a dream for a… Read More »Experience Life Operating an Off-the-Grid Remote Fishing Lodge
Running a Remote Tourism Lodge – What It’s Like Most remote tourism lodge owners would agree with the statement “you need to be the right kind of crazy” to operate one of these businesses. I’ve never operated a remote tourism… Read More »Running a Remote Tourism Lodge – What it’s Like
Outlook for the Canadian Lodge & Resort Industry Examining the Impact of Covid-19 on Industry Performance Lodge and resort owners are a resilient group primarily made up of passionate owner operators. The uncertainty and challenges these owners have had to… Read More »Outlook for the Canadian Lodge & Resort Industry
The Highest Lodge Net Profit Margin I Have Ever Seen Net profit margin is the amount of revenue left over after accounting for expenses and is expressed as a percentage. The below graph displays the typical net profit margin… Read More »The Highest Lodge Net Profit Margin I Have Ever Seen
Have Lodges and Resorts Lost Value Due to COVID-19? Not Necessarily. Last year many lodges had negative or abnormally low earnings making them more difficult to value than a lodge with positive earnings. Currently, there is numerous opportunistic funds lined… Read More »Have Lodges and Resorts Lost Value Due to COVID-19? Not Necessarily.
A New Way to Buy (and Sell) a Fishing & Hunting Lodge Interested fishing & hunting lodge buyers I speak with generally fall into one of four categories: Buyers who want to purchase a lodge and operate it themselves as… Read More »A New Way to Buy (and Sell) a Fishing & Hunting Lodge
A comprehensive database of Fishing & Hunting Lodge, Marina & Resort Industry Research Reports. These reports offer useful information for current industry participants as well as those interested in entering the resource based tourism industry. The Economic Impacts of Outfitting… Read More »Fishing Hunting Lodge, RV Park & Resort Industry Research Reports
The Return of the Fishing & Hunting Lodge and Resort industry COVID-19 and the resulting government intervention hit the Canadian fishing & hunting lodge and resort industry first and hardest. Lodge and resort businesses help Canada attract incredibly lucrative international… Read More »The Return of the Fishing Hunting Lodge and Resort industry
How Much Do Other Lodges & Resorts Spend on Advertising & Promotion? Henry Ford once said, “A man who stops advertising to save money is like a man who stops a clock to save time.” Advertising is an integral part… Read More »How Much Do Other Lodges & Resorts Spend on Advertising & Promotion?
10 Common Mistakes Made When Buying a Fishing & Hunting Lodge, Camp or Resort Buying a fishing & hunting lodge, camp or resort is different than buying other types of businesses and there are more variables to consider. Not considering… Read More »10 Common Mistakes Made When Buying a Fishing & Hunting Lodge, Camp or Resort
12 Ways to Soften COVID-19’s Impact on Canadian Fishing & Hunting Lodge, Camp & Resort Operations Fishing & Hunting Lodges, Camps and Resorts are Often the Canary in the Coal Mine of the Canadian Economy. Prime Minister Trudeau has closed… Read More »12 Ways to Soften COVID-19’s Impact on Canadian Fishing & Hunting Lodge, Camp & Resort Operations
Overview of the Outdoor Tourism Industry in the Nipissing District of Ontario OUTDOOR TOURISM INDUSTRY IN NIPISSING: TOURISM ACTIVITY The size and shape of the tourism industry depends on how many visitors there are, where and how long they stay,… Read More »Overview of the Outdoor Tourism Industry in the Nipissing District of Ontario
Manitoba Fishing & Hunting Lodge Industry Overview MANITOBA FISHING & HUNTING LODGE OPERATOR BUSINESS PROFILE While operators primarily provide accommodations and guided and non-guided fishing/hunting, their services extend well beyond these core functions to include such services as photography, taxidermy,… Read More »Manitoba Fishing & Hunting Lodge Industry Overview
Share Sale or Asset Sale, What is Best For a Fishing & Hunting Lodge, Camp or Resort Seller? Fishing & Hunting Lodge, Camp and Resort sellers have an important decision to make when it comes time to sell. They must… Read More »Share Sale or Asset Sale, What is Best For a Fishing & Hunting Lodge, Camp or Resort Seller?
Tips for Canadian Fishing & Hunting Lodge, Camp & Resort Buyers Buying a Canadian fishing & hunting lodge, camp or resort can be a complicated process. Even if you have previous experience owning and running one of these types of… Read More »Tips for Canadian Fishing & Hunting Lodge, Camp & Resort Buyers
Building a Fishing & Hunting Lodge, Camp or Resort Online Sales Funnel (Hint: It’s How I Advertised to you) Preamble: An online sales funnel looks like this: 1,000 people see your online advertisement Of those 1,000 maybe 50 click on… Read More »Building a Fishing & Hunting Lodge, Camp or Resort Online Sales Funnel (Hint: It’s How I Advertised to you)
Factors That Affect the Financial Viability of a Fishing & Hunting Lodge There is a growing interest both on the part of business holding companies and individuals to enter into the fishing and hunting lodge industry. In order to invest… Read More »Factors That Affect the Financial Viability of a Fishing & Hunting Lodge
Fishing & Hunting Lodge Revenue & Expense Analysis Preface Canada’s Fishing and Hunting Lodge industry is part of how we showcase our beautiful nation to the world. This industry introduces guests to the beauty of our untouched wilderness and the… Read More »Fishing & Hunting Lodge Revenue & Expense Analysis
Selling a Fishing & Hunting Lodge, Camp or Resort Handbook This handbook is unique because it presents an extraordinary amount of technical, legal and transaction structuring information based on the expertise and experience of professionals with specific arbitration, litigation, structuring,… Read More »Selling a Fishing & Hunting Lodge, Camp or Resort Handbook
10 Top Tips When Negotiating Your Fishing & Hunting Lodge, Marina or Resort Business Sale You’ve Found the Perfect Buyer, Now what? If you’ve run your lodge, camp or resort for a number of years, you’ll have had plenty of… Read More »10 Top Tips When Negotiating Your Fishing & Hunting Lodge, Marina or Resort Business Sale
How to Advertise a Canadian or American Fishing & Hunting Lodge, Marina or Resort For Sale Where do Most Canadian or American Lodge, Camp or Resort Owners Come From? We surveyed 87 Fishing & Hunting Lodges, Camps & Resorts located… Read More »How to Advertise a Canadian or American Fishing & Hunting Lodge, Marina or Resort For Sale
A Short Guide to Selling a Fishing & Hunting Lodge or Resort Business It’s a tough decision to come to for fishing & hunting lodge and resort owners. The decision to sell their business, to retire, cash in, or move… Read More »A Short Guide to Selling a Fishing & Hunting Lodge, Marina or Resort Business
How to Sell a Family Owned Fishing & Hunting Lodge, Marina or Resort Business Many Fishing & Hunting Lodge, Camp & Resort businesses have been family owned and operated for generations. When it comes time to sell a family owned… Read More »How to Sell a Family Owned Fishing & Hunting Lodge, Marina or Resort Business
Is Your Fishing & Hunting Lodge, Marina or Resort Business Sellable? Approximately 80 percent of owner wealth is in the business, and yet two-thirds of them don’t incorporate a recent business valuation or develop an exit plan for the transition… Read More »Is Your Fishing & Hunting Lodge, Marina or Resort Business Sellable?