How do I check a bait shop’s cold storage and aerated tank equipment?
Run every cooler, freezer and tank for a full visit, not a quick look. Check temperatures, listen to the pumps and compressors, and see how the tanks hold water quality. Ask for service records and the age of each unit, and have a refrigeration technician inspect the equipment before you sign.
Live and frozen bait is perishable, so the equipment is the business. Begin with a walk-through when the shop is busy. Watch the door seals on the coolers, look for frost build-up, and check that thermometers match what the display says. Ask whether anything has been repaired or patched in the past, and by whom.
For aerated tanks, look at the pumps, filters, plumbing and water lines. Cloudy water, weak bubbling, rust or standing puddles can point to problems. Ask what happens to the stock during a power outage, and whether there is a backup power source. Find out how often the water is changed and tested.
Request invoices for repairs and maintenance, plus any manuals and warranty papers. Ask whether any unit is leased or financed, because that debt may follow the equipment. A technician can estimate remaining life and replacement cost, and that figure belongs in your price talks with the seller. Check too that the electrical supply and floor drains suit the setup. Ask too how the seller handled a past breakdown: who was called, how fast they came, and what stock was lost while the unit was down.
Key takeaways
- Test each unit while the shop is open and stocked, not when it is quiet.
- Ask for service records, manuals and warranty papers for every cooler, freezer and tank.
- Bring in a refrigeration technician and ask whether any equipment is leased or financed.
Related reading
15 pages on the same subject, grouped by topic.
Due diligence
- Expert answerHow do I check a taproom’s brewing tanks and cold storage before buying?
- Expert answerHow do I check a tire shop’s seasonal storage business before buying?
- Expert answerWhat should I look at in a frame shop’s mat cutter and chop saw equipment?
- GuideFuel storage tanks and environmental approvals — Newfoundland and Labrador
- Expert answerWhat should I check about a barbershop’s clippers, chairs and sterilizing equipment?
- Expert answerHow do I check a food co-packer’s cold storage and receiving dock capacity?
Buying
- Expert answerHow can I tell if a cold storage business is profitable before I buy it?
- Expert answerHow do I find a cold storage business for sale in Canada?
- Expert answerShould I buy a cold storage business or start one?
- Expert answerWhat are the yearly running costs of a cold storage warehouse?
- Expert answerWhat should I check before buying a cold storage warehouse?
- Expert answerWhat should I look at in a food wholesaler’s cold storage setup?
- Expert answerWhat should I look at in a smoothie bar’s blenders and cold storage?
- Expert answerHow do I assess a cheese shop’s ageing room and cold storage?
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentEquipment valuation: How to do it
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
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.