How do I check the tools and workshop equipment at a bike shop?
Walk the workshop with an inventory list, test the main tools and stands, and ask which items are owned, leased or borrowed from a supplier. Have an experienced mechanic come along. Note what is worn or missing so replacement costs can be raised in negotiation.
Start with a list. Photograph the workbench area and write down every stand, truing tool, press, torque wrench, compressor and specialty tool, including brand and age. Ask to see the oldest and most-used items. A mechanic who knows the trade will spot worn jaws, bent tools and incomplete sets that a non-specialist would not.
Then test what you can. Ask the shop mechanics to demonstrate the tools on a real job, and ask which ones they would replace first. Specialty tools that are missing may limit the kinds of repair the shop can take on, so ask which jobs are turned away and why. Ask about the diagnostic and wheel-building equipment in particular, since these tend to be costly.
Finally, confirm ownership. Some tools are supplier-provided, some are on loan from staff and some are tied to a financing agreement. Make sure the list of what comes with the sale matches what is actually owned. Ask the seller to put the equipment schedule in the purchase agreement. Then figure out what you will need to replace in the first season and build it into your plan. Keep photographs for your records. Ask which tools are used daily.
Key takeaways
- Photograph and list every tool, stand and machine with its age and condition.
- Have an experienced mechanic test the key equipment with you.
- Confirm which items are owned, leased, loaned or supplier-provided.
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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
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