What should I check about a rental yard’s repair mechanic before I take over?
Meet the mechanic, see the shop and ask how they decide what to fix first. The key question is dependence: if this person left, could the fleet stay in service? Check their skills, tools, records and whether they plan to stay with a new owner.
Ask the seller to introduce you early, in a relaxed setting. Talk about the jobs they find hardest, the machines they trust least and how they plan the week. Watch how they speak about the equipment. Care and pride are good signs.
Look at the shop. Are tools in good order, parts organized and records kept? Ask who owns the tools, the diagnostic equipment and the shop truck. If the mechanic owns them, you may lose them if they leave. Ask your lawyer to review the employment or contractor arrangement.
Consider dependence. Does the mechanic hold knowledge that nobody else has? Ask whether there is a back-up, a dealer relationship or a trusted outside shop. Ask what the pay arrangement is and whether it is typical for the work. Finally, ask the mechanic directly whether they plan to stay, and what would make that easier. A frank talk before closing is better than a surprise after. Ask the seller how the mechanic’s workload splits between planned servicing and urgent repairs. A shop that only fights fires may be understaffed.
Key takeaways
- Meet the mechanic early and ask which machines worry them, and what they would do first with a free hand.
- Find out who owns the tools and diagnostic equipment, and what stays if the mechanic leaves.
- Plan for a back-up if the mechanic leaves.
- Ask how the mechanic’s time splits between planned servicing and urgent repairs.
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?
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