Canoe and Kayak rental business
Posted by: old_user on Jan-30-09 12:32 PM (EST) Category: unassigned
Does anyone have any advice on how to start a Canoe and Kayak rental business? What all is involved?
Thanks for the help,
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|Messages in this Topic|
Don't use money you cant afford to lose|
Posted by: rWVen on Jan-30-09 12:36 PM (EST)
specifically a rental business or|
Posted by: paddlemore on Jan-30-09 12:44 PM (EST)
a business in general?
Posted by: old_user on Jan-30-09 3:28 PM (EST)
I was thinking of a weekend seasonal rental business to start out. I have a river near me that might be a good candidate. I would just have to find land owners willing to allow access to take out spots. There is one access point that is a state owned access. It is a raw idea for now; I have not talked to anyone locally about the idea. I am not for sure of the local laws that would apply to such a business. My idea was to start out low budget on a trial basis, then maybe look for investors willing to help out.
What all such businesses have in common|
Posted by: guideboatguy on Jan-30-09 1:37 PM (EST)
All rental places I've seen (except for a rental service provided by an actual paddleshop) that stay in business have one thing in commom. They all are located very near a creek or river that is very popular for recreational daytrips. None of them are primary income, just a spare-time, seasonal thing, and the owner just bought enough boats to have something to offer his customers and took it from there. Bottom line, I think your location (near popular water) is the most important aspect.
Posted by: stevet on Jan-30-09 4:22 PM (EST)
Kin yer afford de liability insurance?|
Posted by: FatElmo on Jan-30-09 5:53 PM (EST)
Ahhhhhhhh! Fly in de ointment. Sorry about dat, pilgrim.
Canoe and kayak rental|
Posted by: old_user on Jan-30-09 8:36 PM (EST)
I've seen several rental businesses go under because they lost the lease or access to launch sites. Nobody can promise you a sure thing in a venture like this but you need to look at all the angles. Bless all the fools that have started a livery business because they love paddling and the outdoors. Good luck. VF
My long time dream|
Posted by: vertpaddler on Jan-30-09 8:39 PM (EST)
is to open a canoe livery. I keep it a dream so it won't become a nightmare. The first thing you need is a wife (or husband) with two god jobs who doesn't mind you spending all the income on your venture. That should work a season or two until the divorce is final.
You Could Make A Small Fortune ....|
Posted by: Topher on Jan-30-09 9:37 PM (EST)
.... but only if you started with a Large Fortune !!!
10 Yrs in Outfitting--A Survivor Speaks|
Posted by: water_walker on Jan-31-09 12:43 PM (EST)
Posted by: Peter-CA on Jan-31-09 1:24 PM (EST)
Here is a book review that covers a book that you may want to consider getting. General business start up book that is quite good (not specific to the water sports industry).
Posted by: old_user on Jan-31-09 1:57 PM (EST)
Thanks for all the advice. Good or bad I would still like to learn more about what is involved. I think i would like to talk to some owners in the area and find out about local laws and liability insurance.
check with your state's small business|
Posted by: Mattt on Feb-02-09 9:58 AM (EST)
agency, or whatever it is called. There are likely to be licensing issues and tax laws to consider. You would want to most likely form a Limited Liability Company to isolate the rental activity from your personal assets. There is a federal Small Business Administration (or something close to that) that probably has a "package" they can send you about starting a small business - most likely, your state has something similar, but more specific to starting a business. Typically, many state's Department of Revenue website will have a section about starting up a business and what licensing etc may be required - many cities also require a city business license if you will be within city limits. At a minimum, unless you are in Oregon or New Hampshire, you will need to get a state sales tax license, charge your customers the sales tax on the rental, and remit that to the state - regardless of how you set up your business. Having a sales tax license will allow you to buy your rental fleet tax exempt - the exemption being a purchase for "resale" - a rental is considered to be a short term sale. IF you get into doing guided tours, you wind up with another/different can of worms to open - different rules apply in each state.
Now you've done it!|
Posted by: old_user on Feb-02-09 11:47 AM (EST)
You've outlined the dream. If you don't do it, well, thirty years from now you'll be playing what if as you rock yourself to sleep on the front porch down at the Shady Rest Home.
No matter what...|
Posted by: ctyaker on Feb-02-09 1:27 PM (EST)
Don't put your house up as colateral for anything, and don't have your wife (or husband) cosign. Keep the business in one name and protect your house if you have one.
A little middle of the Road advice|
Posted by: Makinwaves on Feb-02-09 1:59 PM (EST)
First, don't just DO IT! That's the best way to get in trouble. If you serious don't run from your idea because someone on hear said it was a bad idea. Bottom line, we don't know if it is good or bad. Those that have done it have a better idea though.
Best Advice So Far - Makinwaves|
Posted by: jboyd on Feb-02-09 4:42 PM (EST)
+1 what Makinwaves said.
consult the Small Business|
Posted by: betmkaplan on Feb-02-09 5:44 PM (EST)
Just so we're on the same page|
Posted by: old_user on Feb-02-09 6:02 PM (EST)
When i say Just do it, i don't mean just get the check book out buy some boats and go for it. I'm speaking more to the motivational emotional side of starting a business. There isn't enough bandwidth here to give you all the step by step advice you can use to get started. Just don't let anyone talk you out of something you want to do.
Posted by: old_user on Feb-03-09 12:28 PM (EST)
Thank you everyone, I have a lot to think about.