These articles are designed to help fishing & hunting lodge, camp & resort owners stay up to date on their industry and further improve their businesses.
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
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
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 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… 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?
How Long Does it Take to Sell a Fishing & Hunting Lodge, Marina or Resort Business Its important to have realistic expectations for the timeline required to sell your fishing & hunting lodge, marina or resort Being unrealistic will affect… Read More »How Long Does it Take to Sell a Fishing & Hunting Lodge, Marina or Resort Business
How to Sell a Fishing & Hunting Lodge or Resort Sole Proprietorship The sole proprietorship business structure is commonly used by fishing & hunting lodge and resort owners because of its simplicity Both the Canadian and US Governments have very… Read More »How to Sell a Fishing & Hunting Lodge, Marina or Resort Sole Proprietorship
Selling a Fishing & Hunting Lodge, Marina or Resort Business: How to Communicate Your Decision A sale is one of the most difficult transitions in the life of a Fishing & Hunting Lodge, Marina or Resort. As the seller, it… Read More »Selling a Fishing & Hunting Lodge, Marina or Resort Business: How to Communicate Your Decision
Selling Your Fishing & Hunting Lodge, Camp or Resort Business to a Competitor For Fishing & Hunting Lodges, Camps & Resorts, their direct competitors are often quite clear. If you’re selling your business you may want to consider approaching your… Read More »Selling Your Fishing & Hunting Lodge, Camp or Resort Business to a Competitor
Selling a Fishing & Hunting Lodge, Marina or Resort Business to Employees Management Buyout A management buyout involves the management team pooling resources to acquire all or part of your fishing & hunting lodge, camp or resort business. A management buyout… Read More »Selling a Fishing & Hunting Lodge, Marina or Resort Business to Employees
12 Ways to Exit Your Fishing & Hunting Lodge, Marina or Resort Business 1. Sell the Business to a Family Member When it comes to fishing & hunting lodges, camps and resorts this method of exiting the business is quite… Read More »12 Ways to Exit Your Fishing & Hunting Lodge, Marina or Resort Business
How to Transfer Your Fishing & Hunting Lodge, Marina or Resort Business to a Family Member Is family succession the right option for your fishing & hunting lodge, camp or resort? This is an important question to begin with. There… Read More »How to Transfer Your Fishing & Hunting Lodge, Marina or Resort Business to a Family Member
Canadian Fishing & Hunting Lodge, Camp & Resort Industry Associations Canadian Outdoor Tourism Industry Associations: British Columbia: BC Fishing Resorts and Outfitters Association Tourism Industry Association of BC Guide Outfitters Association of British Columbia Alberta: Alberta Fish & Game Association… Read More »Canadian Fishing & Hunting Lodge, Camp & Resort Industry Associations
Fishing & Hunting Lodge Industry Research Report Preface Canada’s fishing and hunting lodge industry is part of how we showcase our beautiful nation to the world. It shows our fellow Canadians, as well as international visitors, the beauty of our… Read More »Fishing & Hunting Lodge Industry Research Report
10 Things Lodge, Camp & Resort Owners Need To Stop Doing Now 1. Not paying attention to and acknowledging online reviews: Ignoring online reviews is essentially ignoring your guests. It’s also a huge opportunity missed to add more value or… Read More »10 Things Lodge, Camp & Resort Owners Need To Stop Doing Now
How Seasonal Resorts & Lodges Are Appraised Valuing Fishing & Hunting Lodges, Camps and Resorts Seasonal Resort and Lodge owner’s that have been in the business for awhile may be considering how they will exit the business and enter retirement.… Read More »How Seasonal Resorts & Lodges Are Appraised