What should I check about the coolers and freezers in a convenience store?
Test each cooler and freezer, listen and look for ice build-up, and check temperatures at the back as well as the front. Ask for service records, find out who owns each unit, and have a refrigeration technician look at the compressors before you rely on them.
Walk the store with a thermometer and a notebook. Open every door, check that products at the back are as cold as those at the front, and watch for ice, water on the floor, loud compressors or doors that do not seal. A walk-in cooler deserves a close look at the seals, the floor and the condensation. Weak units cost money in spoiled stock and in the electricity used to keep them cold.
Ask for repair invoices and a maintenance routine, and ask which units are newest and which are close to replacement. Then find out who owns what. In many stores, drink coolers or ice-cream freezers belong to a supplier who placed them there under an arrangement, and those may be taken back or may tie you to buying their products. Your lawyer can read any such agreement.
Think about layout and capacity too. A cooler that suits today’s mix may not hold what you want to sell, and moving or adding units can need space, power and approvals. Ask a refrigeration technician to inspect and give a written view, and use it when you talk about terms and what the seller should repair before closing.
Key takeaways
- Test temperature at the back and front of every unit, and look for ice and leaks.
- Ask which coolers belong to suppliers, and what conditions come with them.
- Get a refrigeration technician’s written view before you finalize the agreement.
Related reading
15 pages on the same subject, grouped by topic.
Buying
- GuideHow do I buy a convenience or grocery store that sells alcohol in Ontario?
- GuideBuying a pet supply store in Canada
- Expert answerWhat running costs should I check before buying a convenience store?
- GuideBuying a convenience store in Canada
- Expert answerHow do I assess a florist’s cooler capacity and flower waste?
Due diligence
Selling
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentEquipment valuation: How to do it
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 03Business Development Bank of CanadaGovernmentMajor pitfalls to avoid when negotiating a purchase agreement
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