How do I check a pet store’s live animals and stock before buying?
Ask for health and supplier records for every animal, count the live stock yourself on a set day, and check dates and storage on food and supplies. Live animals are a duty of care, not just inventory, so confirm what you will be responsible for on day one.
Begin with the animals. Ask where each came from, what health checks and care records exist, and how losses and returns have been handled. Walk the store and look at housing, cleanliness and how staff handle the animals. Consider having a veterinarian you trust review the arrangements.
Count stock with the seller on an agreed day, including live animals, food, accessories and special orders. Check expiry dates and storage conditions on food, and ask how slow-moving items are marked down. Find out whether the store carries goods from suppliers on consignment, since those are not yours.
Look at the supplier side. Ask who the main sources are, what terms they give and whether any agreement needs consent to pass to you. Check how the store tracks recalls, and whether it keeps notes on products it has pulled. Ask about the people. Knowledgeable staff keep customers coming back, so find out who is staying. Have your accountant review how stock is valued in the books. Ask how the store handles animal sales and what it tells new owners. Clear guidance and fair return handling protect the store’s name, and any complaints say a lot. Also ask what the seller does when an animal is unwell and who is on call.
Key takeaways
- Get health and supplier records for each live animal.
- Count all stock together with the seller on an agreed day.
- Check dates, storage and recall handling on food.
Related reading
15 pages on the same subject, grouped by topic.
Due diligence
- GuidePet supply store due diligence in Canada
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Buying
- GuideBuying a pet supply store in Canada
- Expert answerHow are live animals handled when a pet store is sold?
- Expert answerWhat should I check before buying an online pet food store?
- Expert answerFranchised or independent pet store: what changes for a buyer?
- Expert answerHow do I find a pet store for sale in my area?
- Expert answerHow does online competition affect buying an independent pet food store?
Selling
Valuation
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 CanadaGovernmentWhat are financial statements?
- 03Business Development Bank of CanadaGovernmentMajor pitfalls to avoid when negotiating a purchase agreement
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