November 14, 2019 is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs


Selling a Business


Selling a Lake Resort

There's a right way and a wrong way to sell a lake resort these days. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.

Selling a lake resort? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
(article continues below)

The economy hasn't squashed the market for lake resorts. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.

Economic Considerations

Think a lake resort sale is simple? Think again. Interest rates, spending, inflation, and other variables directly influence how long your lake resort will be on the market as well as its sales price. The truth is that perfect market conditions may never materialize. Rather than watching the economy, we recommend watching buyers and tailoring your business to meet their investment expectations. In our experience, the most important factors in the sale of a lake resort have little to do with the economy.

Working with Accountants

Accountants lay the financial groundwork for a business sale. Before your lake resort goes on the market, you should sit down with your accountant to clarify your financial goals and the tax consequences of a sale. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.

How to Skillfully Address Buyer Concerns

Business sellers sometimes struggle to maintain a positive attitude when dealing with buyers. Due diligence preparation can mitigate the irritation factor, but you should still expect to field numerous buyer concerns before closing. To protect yourself, don't offer an answer until you are sure the information you are providing is 100% accurate. If due diligence drags on too long, your broker may need to intervene.

More Exit Planning Articles

We think you may find these additional resources to be of interest.

Marketing a Lake Resort

Selling to Competitors

Conversation Board

Interested in learning more about how to sell a lake resort? We invite you to send us your questions and feedback!

Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Need Information on Starting a Lake Resort?

If starting a lake resort is on your agenda, these guides will help you get started:

How to Start a Lake Resort

Do You Market Products or Services to Lake Resorts?

If you want information on how to sell to lake resorts, this isn't the best resource for you on our site. Try these useful resources instead:

Selling to Lake Resorts

Mailing Lists for Lake Resorts

More Business Transfer Information

If you are eager to get business succession tips for a different industry, please browse our alphabetical list exit planning guides below.

Browse more niche exit planning guides:





Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities


Business Glossary