I'm buying a Sailing School

[NicPreller]

After exhaustive investigation of the history of this sailing school and it's viability as a sustainable business, I have decided to decline the offer gracefully. This whole excercise in itself has been a very educational undertaking as I have learned a great deal more about why seemingly sound establishments such as this are put up for sale. There is always a reason. Thank God I found it in time.

[conrat66]

Well since we have come this far and I for one was all for you giving it a whirl Like I once ALMOST leased a marina facility in SC ..........What is the down side to purchasing the school CURIOUS minds want to know ......... Thanks

[Sailormann]

Sounds like a great plan, and if you have the expertise of the PO to draw on -you'll probably be very successful. Keep posting as it will be interesting, and no doubt humorous on occasion, as we follow your progress. (And this forum will be a great low-cost marketing device). OOPS ! - guess I should read the whole post before I offer an opinion... Damn - started last year and I'm just tuning in now .... guess I'll start looking at the dates too

[Sailormann]

There is always a reason. Thank God I found it in time

And ??? What is it ??? We're curious....

[GBurton]

This must be in Swakopmund or Walvis Bay I would imagine. I spent many a weekend in Swakop and 2 years in Walvis.

Good times

[ImASonOfaSailor]

OK I am to a use to be sailing guy and now it has been 10 years of not owning my own, and this was such a great story what happened we have to know the reason for not accepting this offer? What did you find out, what made you turn away are you looking for another location in the USA maybe?

I am in the same field as you but only in it for 7 years, currently going back to school, but
I to have dreams or a thought of doing what you were going to do but I was thinking of a Marina with dock spaces and a club house and to have a Jimmy Buffet restaurant...

[NicPreller]

Originally Posted by Sailormann

And ??? What is it ??? We're curious....

Originally Posted by ImASonOfaSailor

...and this was such a great story what happened we have to know the reason for not accepting this offer? ...

The seller withheld information about receivables and it became clear that most of the students were being attracted to the new location. This meant that the turnover figures were grossly overstated.