How do I prepare my orchard’s packing house and cold storage for a buyer?
Make the packing house easy to understand. Gather service records for the graders, conveyors and cold rooms, fix what is cheap to fix, and prepare a list showing what is owned, leased or shared. Buyers trust what they can see and verify.
Walk through the building as a stranger would. Clean and clear the floors, the lines and the cold rooms. Label equipment, tidy the repair shelf and remove what no longer works. A buyer who sees broken gear piled in a corner will wonder what else has been ignored.
Next, collect the paper. Bring together manuals, service invoices, refrigeration records, any temperature logs you keep and notes on past breakdowns. Be honest about weak spots. A known problem with a plan beats a surprise found during due diligence.
Then clarify ownership. List every machine and say whether it is owned outright, financed, leased or borrowed from a neighbour. Say which items go with the sale and which do not. Ask your lawyer how to record this in the agreement. If a repair would help the cooler run steadily, consider doing it before showings. Ask your accountant how any spending would be treated before you commit. Offer a short walk-through with a refrigeration technician beforehand, so you hear the problems from a professional before the buyer does.
Key takeaways
- Clean, label and clear the packing house before any buyer visit, so the building speaks well for itself.
- Assemble manuals, service invoices and temperature logs in one folder that a stranger could follow.
- List every machine and say whether it is owned, leased or financed.
- Consider a walk-through with a refrigeration technician before showings begin.
Related reading
12 pages on the same subject, grouped by topic.
Buying
- Expert answerWhat should I ask about an orchard’s cold storage and packing shed?
- Expert answerHow can I tell if a cold storage business is profitable before I buy it?
- Expert answerHow do I assess a cheese shop’s ageing room and cold storage?
- Expert answerHow do I check a bait shop’s cold storage and aerated tank equipment?
- Expert answerHow do I find a cold storage business for sale in Canada?
- Expert answerShould I buy a cold storage business or start one?
Selling
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
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