How do I inspect a medical supply store’s rental wheelchairs and lifts before buying?
Inspect a sample of every type yourself and compare each with its service record. Check frames, brakes, wheels, batteries, slings and lifting mechanisms for wear, and ask who services them and how often. Ask a qualified technician to look at lifts, since failure there can hurt someone.
Begin with the paperwork. Ask for the full rental list and the maintenance log for each unit, then pick items at random, including the oldest and the most used. Compare what you see with what the record says. A log that shows regular servicing but a unit with worn brakes tells its own story.
On the floor, check what moves and what bears weight. Test locks, brakes, folding parts, footrests and straps. For lifts, look at the mechanism, controls, batteries, slings and safety stops. Ask how units are cleaned between renters and how damaged items are taken out of circulation. Look at how and where equipment is stored.
Finally, ask about incidents. Has any item failed in use, and has any renter complained or been hurt? How did the store respond? Your insurance adviser and lawyer can tell you what exposure comes with the business, and whether further inspection is needed. Plan for replacing units that fail your check, and discuss with the seller who bears that cost. Photograph anything of concern and keep a list, so you can raise it with the seller before the deal is final rather than after.
Key takeaways
- Compare random units against their maintenance records.
- Have a qualified technician inspect lifts and anything that carries weight.
- Ask about incidents, complaints and how damaged items are retired.
- Photograph anything of concern and raise it before the deal is final.
Related reading
12 pages on the same subject, grouped by topic.
Buying
- Expert answerHow do I check where a medical supply store’s customers come from before buying?
- Expert answerHow do I check an art supply store’s relationships with local schools and studios?
- Expert answerHow do I check a beauty supply store’s salon and stylist trade accounts?
- Expert answerHow do I check a party supply store’s balloon and helium equipment condition?
- Expert answerHow do I check a pet store’s aquarium and small-animal supply section?
- Expert answerHow do I check a pet supply store’s regular food delivery customers?
- Expert answerHow do I check whether a craft supply store’s workshop classes actually bring in customers?
- Expert answerHow do I find out if an industrial supply store’s counter trade is declining?
Due diligence
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 the steps to buying a business?
- 03Business Development Bank of CanadaGovernmentWhat is inventory
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.