How do I prepare a bottle depot for sale?
Gather your monthly volume records and the statements they reconcile to, an equipment list with service history, a staff roster showing who does what without you, the lease and landlord consent, and your pickup arrangements. Tidy the site before visits, and ask your lawyer early whether the depot’s permit or agreement can move to a buyer.
Buyers of a bottle depot want to see a business that keeps running when the owner steps back. You can help them see that. The work is mostly gathering and tidying, and most of it can start months before anyone asks. Here is what to put in order, in roughly the sequence that makes the rest easier.
Records that tie together
Pull together monthly container volumes and the payment statements those volumes reconcile to. A buyer will want to see that the two agree, and that you can explain any gap. Add your financial statements and any notes on unusual months, such as a large bottle drive. Clean, consistent records make every later conversation shorter.
Equipment, staff and the site
- An equipment list with age, condition and service history
- A staff roster showing who does what, and who could run the depot without you
- The lease, with the landlord’s likely position on a new tenant
- Your pickup arrangements with the haulers who collect the containers
Before buyers visit, tidy the floor, sorting areas and yard. A well-kept site tells a buyer that the work is under control.
Staff and confidentiality
Decide who in your team learns about the sale, and when. Staff who hear rumours may leave, and customers may wonder what is changing. Ask buyers to sign a confidentiality agreement before they see volume records. Your lawyer can draft it.
Ask about the permit early
A depot may operate under a permit or agreement, and ask whether it transfers like an ordinary asset. Ask your lawyer early whether it can move to a buyer and what steps that involves, because the answer shapes who can realistically buy. For the general steps, read how to prepare your business for sale.
Related reading
12 pages on the same subject, grouped by topic.
Buying
- Expert answerWhat should I check before buying a bottle depot?
- Expert answerShould I share my real numbers before a buyer has signed anything?
- Expert answerCan I require a buyer to destroy my documents if the deal falls apart?
- Expert answerWhat should a confidentiality clause in a business sale LOI cover?
- Expert answerHow do I find a recycling business for sale near me?
Selling
Legal
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 CanadaGovernmentHow to Find the Right Buyer for Your Business
- 04Business Development Bank of CanadaGovernment13 terms you need to understand before signing your commercial real estate lease
- 05Business Development Bank of CanadaGovernmentMajor pitfalls to avoid when negotiating a purchase agreement
- 06Business Development Bank of CanadaGovernmentEquipment valuation: How to do it
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