Industrial bakery equipment is one of the highest costs and most vital purchases for a bakery. While industrial baking equipment enables the creation of a bakery’s core products, they are also valuable assets that can provide liquid resources to the company when needed. Proper care of bakery equipment is vital to realizing a good return on your investment when selling or exchanging products. Here are a few strategies to keep your equipment in demand.
As industrial baking equipment has both a high capital costs and is vital to the success of an operation, bakeries in general are risk averse when purchasing equipment. An industrial bakery seeking equipment needs to be as certain as possible of the performance a machine will provide, its maintenance costs, and its operation lifetime. This means most industrial bakeries want to work with top brands that have proven technology and an establish maintenance industry, which helps to minimize the risks of unexpected costs.
One of the best ways to keep value in industrial baking equipment is to ensure that maintenance schedules are consistently kept. While it can be a difficult choice to stop a production line for preventative maintenance or justify the expense of new parts as existing ones begin to wear, it is important for the long-term health of the equipment. Keeping equipment painted and clean is another component of maintenance that will help preserve its value. Overall, following recommended bakery equipment maintenance procedures and keeping the equipment clean, painted and well-kept can increase the value of the equipment in the secondary market and pay dividends on the past maintenance costs.
Keeping records of your equipment’s history, from purchasing, to maintenance, to operation, will provide the secondary market more information to accurately value the equipment. Without records, it could be assumed that your equipment is less valuable or more risky. With a few processes in place, a bakery can ensure that the provenance of their equipment is documented and all records are accurately maintained, which in turn provides potential buyers more certainty of the value of these assets and confidence in their potential purchase.
Artisan Capital Partners tailors solutions and services designed to create liquidity from industrial bakery assets while consistently managing transaction risk. Artisan Capital Partners helps bakeries manage assessing equipment, dismantling, and transportation, as well as design, installation, and testing to provide bakeries with a liquidity event that meets their goals.