Landscaping Business Interviews Bayonne NJ

You have the opportunity to purchase a landscaping business. How would you decide whether or not to buy it, and how much to pay for it? Read on and you'll know.

Local Companies

Accountemps
(212) 482-5260
33 Whitehall, 11th Floor
New York, NY
Wall Street Services
212-509-7200
11 Broadway
New York, NY
Homeworkers Plus
(212) 298-2660
P.O. Box 1237
New York, NY
1 World Health
(212) 226-1460
116 W 23rd St
New York, NY
Accountemps
(212) 228-7655
215 Park Avenue South, Suite 1718
New York, NY
OfficeTeam
(212) 228-7668
215 Park Avenue South, Suite 1718
New York, NY
Skillmaster by TalentTree
(201)-770-9100
4808 Bergenline Avenue
Union City, NJ
Kojo Simpson & Co.
(347) 694-4532
293 East 16th Street
New York, NY
Abacus Group
(212) 812-8444
225 W 34th St
New York, NY
A Taylor Ltd
(212) 213-5600
275 Madison Ave E 40th St
New York, NY

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You have the opportunity to purchase a landscaping business. How would you decide whether or not to buy it, and how much to pay for it?

This question is a good candidate for the Five Cs. Determine:

Character

  • How would you evaluate the sincerity, honesty, and integrity of the owner of the business? Do others that they deal with (employees, suppliers, customers) value them as partners, or are there character issues?
  • Is there any legal action pending against the business?
  • Does the business have a positive employee culture? Does it engage in any charitable or environmental initiatives?

Capacity

  • Is the business turning away new customers due to lack of equipment/ employees?
  • Are the assets of the company (property, plant) strained or in a state of disrepair?

Capital

  • Is the landscaping business carrying any debt? What is its debt ratio?
  • What is the company's cash flow like over the last five years?
  • What is the company's new account history? How much business is new vs. repeat?

Collateral

  • Are any of the business' assets impaired in any way? Obsolete equipment, for instance?

Conditions

  • Describe the market space the business occupies. Is it a leader? Are there many players?
  • What defines dominance in this market? Cost? Economies of scale? Speed to market? Relationships with customers? Where does this business fall against the aforementioned metrics?
  • Is the market for landscaping saturated? Are there opportunities for expanding the current customer base?
  • What advertising and promotional activity has been done? How much does the business spend (as a percent of sales) on marketing its services?

Read article at Vault.com

Featured Local Company

Accountemps

(212) 482-5260
33 Whitehall, 11th Floor
New York, NY

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