How do I check a hardware store’s key-cutting and paint-mixing equipment?
Test each machine in front of you. Ask for service records, find out whether it is owned, leased or supplied by a paint or key brand, and confirm that the key blanks, tints and calibration tools that go with it are included in the sale.
These machines are small in the store but big in the customer’s mind, because a hardware shop that cannot cut a key or match a colour loses a quick, regular sale. Ask the seller to run both while you watch. Cut a few keys of different types and see how they turn in a lock. Have a few colours mixed and check how well they match a sample.
Then look at paper. Ask for maintenance and calibration records, any repair invoices, manuals and the date the machines were installed. Find out who owns them. Paint-mixing equipment is often supplied through an arrangement with a paint company, and key machines can be financed or leased. Those terms may not pass to you without consent, so your lawyer should read them.
Finally, ask about running costs: blades, tints, cleaning and software updates, and how often the machines were out of service. An equipment appraiser can estimate remaining life and replacement cost if your lender wants it. If a machine is near the end of its working life, build that into your plans for the first year rather than being surprised by a failure just after you take over.
Key takeaways
- Watch both machines work, and test the results yourself.
- Ask who owns each machine and whether any lease or supply agreement transfers.
- Request service records and ask about blanks, tints and other running costs.
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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
- 03Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
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