# Physical plant

The buildings, utilities and fixed systems a business actually runs on.

In a premises-heavy business it decides more deals than the profit and loss does. Roofs, paving, drainage, septic and well capacity, electrical service, life-safety systems: each one carries a permit whose transferability and current compliance are checkable facts, and each one has a replacement cost that arrives whether or not the seller ever booked it. A licensed trade compounds the problem, because the regulator inspects the building as well as the operator, so a deferred item can gate the license and not merely the budget. Price the upgrade plan before arguing the multiple.

In numbers: A park needing $250,000 of septic and pedestal work carries that bill whether or not the accounts show it, which is more than a year of net income on a small one.

Source: https://searchspheresource.com/glossary/physical-plant
Not dated: A definition is editorial: what a term means, why it matters, and an example. None of it reads a source that can go stale, so there is no date to take and a stamped one would be the build time wearing a costume.

Site index for machines: https://searchspheresource.com/llms.txt