Okay, so you’ve now done your Due Diligence, and after your inspection of the dive centre and the gear, and your Accountant’s close inspection of the books is all deemed satisfactory.

You now decide that it is all hunky dory and the Buyer was overall relatively honest in their claims,  it is now time to move to next step, Exchange of Contracts and Settlement and complete the Deal. [Read more...]

Now this is the big step everyone is dancing around. The big decision!

In my experience, the decision to buy a scuba diving business happens, not over a conference table or in an office, or even in the dive centre itself. It’s an emotional decision done over a cup of coffee in the morning at home, or maybe on the porch of the hotel room at night actually in the destination.

You have all the MoS, and now a lot more info by spending a few days with the Owners and looking at the business. Probably been for a few dives on the dive boat, seen the staff doing what they do. Maybe sat round the pool and watched one of the OWSI’s do a DSD with some students.

You sit and try to analytically look at the MoS, and try to get a feel for the limited financial info you have been given. But in the end, you just decide:

“YES. This is the life i want to lead at this stage of my life, so lets work out how I can get it…”

[Read more...]