How do I record my key-cutting machine calibration and maintenance for the buyer?
Keep one log per machine. Record each date you checked alignment, changed a cutter or jaw, cleaned or lubricated it, or had it serviced, with a short note on what you found and who did it. A buyer can then see the machines were cared for without relying on your word.
Start with a list of every machine: the make, model, serial number, where it sits and when you got it. Give each its own page or tab. A paper binder beside the machine is fine, provided entries are dated and legible.
For calibration, note how you test it. Perhaps you cut a test key and compare it to the original, or check against a gauge. Write down the result and what you adjusted. Record the date you replaced cutters, wheels or jaws, and how you decided it was time. Where a technician or supplier worked on a machine, keep their invoice and note the visit.
Add the problems too. A log that shows a fault, the fix and the follow-up looks more honest than one with no entries. Gather manuals and warranty papers in the same place. When you put the business on the market, copy the logs into a neat folder. Ask your accountant whether machines are held on lease or under a loan, and list that status on each page. Photographs of each machine in its current state, with the serial plate visible, make a useful addition and take only a few minutes to collect.
Key takeaways
- One dated log per machine, with the test you used and the result.
- Keep technician invoices and manuals with the log.
- Note faults and fixes honestly, plus any lease or loan on the machine.
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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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