How do building access keys and codes change hands when a cleaning company is sold?
Through a recorded list, approved by each client. The seller should log every key, fob, alarm code and badge, with who holds it. Clients decide whether the new owner may keep their access, and many will want codes changed once the sale closes and old staff have left.
A cleaning company holds the keys to other people’s property, so this part of a sale is about trust. Ask the seller for an access register: each site, which keys, fobs or codes exist, who carries them, and when they were issued. If there is no register, building one is the first job. Without it nobody can say what has been lost or copied.
Next, ask how each client wants to handle the change. Some will want to issue fresh access to the new owner directly, and some will ask for codes to be reset at closing. Do not assume that existing access carries over just because it works today. Treat it as the client’s decision, and ask the building contacts for their wishes in writing.
On the day of the sale, collect keys from staff who are leaving and confirm the crew who are staying. Store spare keys securely and mark them with codes rather than addresses. Ask your insurer how access, bonding and key-loss cover are affected by the change of owner. Keep a dated record of every handover and reset, because a client may later ask exactly when access changed hands.
Key takeaways
- Build or request an access register of every key, fob and code.
- Let each client decide how their access is reissued.
- Collect access from departing staff when the sale closes.
- Store spare keys securely, labelled by code rather than address.
Related reading
15 pages on the same subject, grouped by topic.
Buying
- Expert answerIs buying a residential cleaning company different from buying a commercial one?
- Expert answerShould I buy an existing commercial cleaning company or start one?
- Expert answerShould I buy a janitorial franchise or an independent cleaning company?
- Expert answerHow do I check a commercial cleaning company’s contracts before buying?
- Expert answerCan I buy a cleaning company’s accounts without buying the company?
- Expert answerWhat equipment and supplies come with a cleaning company sale?
- Expert answerWhat should I do in the first month after buying a cleaning company?
- GuideHow do I buy a dry cleaning business in Canada?
- Expert answerHow do I find a kitchen hood cleaning business for sale?
- Expert answerHow do I keep a cleaning company’s crews and subcontractors after buying it?
- Expert answerHow is buying a commercial refrigeration contractor different from buying an HVAC company?
Selling
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernment13 terms you need to understand before signing your commercial real estate lease
- 03Business Development Bank of CanadaGovernmentEquipment valuation: How to do it
Deavo is an advertising and listings platform, not a brokerage, law firm or valuation firm. This page is general information, not legal, tax, accounting or valuation advice, and rules differ by province. Confirm anything you rely on with a qualified professional before you act on it.