Tip #164: Is The Equipment Up To Date?

Ideally, buyers for a business would like to see any equipment, especially equipment critical to the operation, totally up-to-date. Of course, that’s not always possible, but it can impact how a buyer views the business. Are any leases or loans on the equipment assumable? Does the equipment provide the products or services at a cost that’s competitive in the market? If the equipment is out of date or the lease is too expensive, a buyer might make a lower offer or walk away from the deal. Business owners must plan for the future and make sure the equipment will make the operation look attractive to buyers.