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5 Senses Inspection Report | PIN.ca

Court-Accepted, Case-Law-Backed Business Valuations

Eric Jordan, CPPA - International Business Valuation Specialist

5 Senses Inspection Report

(On-Site Operational & Intangible Asset Observation)

Business Name: __________________________

Location: __________________________

Date of Inspection: __________________________

Inspector: __________________________

Sense 1. Sight
Observation
Note cleanliness, organization, workflow, signage, branding, equipment condition, staff activity, and general upkeep. Assess professional appearance and readiness for buyer/lender/regulator.
Sense 2. Sound
Observation
Observe ambient noise, machinery, staff communication, customer interaction, alarms, music, or silence. Indicate efficiency, stress, neglect, or smooth operations.
Sense 3. Smell
Observation
Identify odors neutral, pleasant, product-related, or indicative of maintenance, hygiene, or ventilation issues.
Sense 4. Touch & Feel
Observation
Note temperature, airflow, surfaces, equipment usability, and overall comfort. Assess the vibe: calm, chaotic, disciplined, rushed, confident, or dependent on specific individuals.
Sense 5. Taste
Observation
If applicable (food, beverage, hospitality), record impressions of consistency, quality, presentation, and brand alignment. Otherwise: Not Applicable.

Overall Operational Impression

Estimate remaining use of leasehold improvements, equipment, and inventory condition.

Declaration

This report reflects on-site observations made in good faith to support business valuation, asset appraisal, financing, and transaction planning.

Inspector Signature: __________________________

Date: __________________________

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