What should I ask about a pottery studio’s glaze and clay supplier arrangements?
Ask who supplies clay, glazes and firing materials, how long each arrangement has run, and whether any terms are written down. Find out if the studio buys on account, in bulk or by order, and whether a second source exists. A single informal supplier can become a problem the day ownership changes.
Begin with the list of suppliers and what each provides. Ask for recent invoices, the usual order rhythm, and whether any discounts or credit terms depend on the current owner’s personal relationship. Note any materials that are mixed or made to order, since those are the hardest to replace quickly if a supplier stops.
Then ask about the glaze and clay themselves. Does the studio use a house recipe, or buy ready-made products? If a recipe is in use, who owns it and where is it written? Find out what happens when a batch behaves differently, because pottery results depend on materials staying consistent, and a change of supplier may alter how pieces fire and look.
Finally, check the practical side: where stock is stored, how much is on hand, what is already paid for and what is owed. Compare supplier costs with the statements to see whether materials are charged to classes, memberships or open studio time in a sensible way. Ask whether the supplier will keep the same terms for a new owner, and if possible have a short conversation with the main one before closing.
Key takeaways
- Get the supplier list, recent invoices and any written terms, and note what is credit versus prepaid.
- Ask who owns the glaze recipes and where they are recorded.
- Check whether a second supplier exists for the clay and glazes you cannot do without.
Related reading
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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 CanadaGovernmentAfter buying a business, what is the next step?
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