How do I get my welding shop’s equipment ready for a buyer’s walkthrough?
Clean the shop, test every welder, cutter and positioner, and gather the service records and manuals for each machine. Fix small faults, and tell the buyer plainly about the ones you cannot. A tidy, working shop with documents to match shows that the equipment has been looked after.
Start with a list of every piece of equipment, matched to a tag or a number on the machine. Power each machine up before the visit. Check cables, torches, gas lines, regulators, clamps, hoods, ventilation and fume extraction. Replace what is worn out, and put away what does not belong. Anything that sits broken in a corner will draw questions you could have answered.
Pull together the paperwork for each key machine: purchase records, manuals, repair invoices and inspection or calibration notes. Add the leases and loans, if any, so the buyer knows what is owned outright and what is financed. If a lender holds a claim on a machine, say so before you are asked.
Decide in advance which items are included and which are not. Mark personal tools clearly. During the walkthrough, let the buyer run machines under your supervision, and answer questions simply. Ask your accountant how to present equipment records, and ask your lawyer about anything involving liens or leases. Keep the welding procedures and any test samples you want to show within reach, and have someone explain how the shop handles gas cylinders and hot work so safe habits are plain to see.
Key takeaways
- Tag and list every machine, then test it before the visit.
- Gather manuals, repair invoices and inspection notes for each key piece.
- Disclose financed or leased equipment and agree on what is included.
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Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernment7 steps to increase your business’ value—before you sell it
- 02Business Development Bank of CanadaIndustryHow to sell your business
- 03Business Development Bank of CanadaGovernmentEquipment valuation: How to do it
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