How do I show buyers my event venue’s decor and furniture are included?
Make a room-by-room inventory with photos, and state in writing which items are part of the sale. Name anything you are keeping, anything leased and anything that belongs to a client or vendor. Attach the list to the agreement, so nobody argues about the chandeliers later.
Walk through each space with a notebook and a camera. Record tables, chairs, linens, lighting, arches, signs, artwork, plants and storage. Give each item a short description and a photo, and mark its general condition. Group the items by room so the buyer can follow along on a visit.
Then deal with the grey areas. Some pieces may be leased, some may belong to a decorator who stores them with you, and some may be personal favourites you intend to remove. Separate these clearly. Buyers worry most about what is not said, so state exclusions as plainly as inclusions.
Raise the inventory early in discussions. It can be added to a letter of intent, and your lawyer will usually attach a final list to the purchase agreement. Do a last walk-through with the buyer just before closing and tick each item against the list. If anything changed, update the document and have both sides initial it. That small step prevents many misunderstandings at handover. Keep the photos in a shared folder the buyer can open at any time, and date them. Mention any pieces that need repair, since honesty here costs little and protects you.
Key takeaways
- Photograph and list every item, room by room, with its condition.
- State exclusions and leased or borrowed pieces as clearly as inclusions.
- Do a final walk-through against the list and have both sides initial it.
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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 CanadaGovernmentHow to minimize negotiations when selling your business
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