Landscaping Business Interviews Chicago Heights IL

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

The Hiring Zone LLP www.thehiringzone.com
(630) 401-4520
9915 S. Wood St
Chicago, IL
Employment Assoc Group
(708) 756-2330
533 Ashland Ave
Chicago Heights, IL
National Able Network
(708) 756-5490
222 Vollmer Rd
Chicago Heights, IL
Illinois Department of Employment Security
(708) 709-3000
1010 Dixie Hwy
Chicago Heights, IL
Chicago Hire Company
(312) 726-5200
35 E Wacker Dr Ste 620
Chicago, IL
Venturi Staffing Partners
(708) 386-6487
1100 Lake St Ste 120
Oak Park, IL
Express Personnel
(217) 893-0900
212 E Grove Ave
Rantoul, IL
LDS Employment Resource Services
(773) 667-5035
5200 S University Ave
Chicago, IL
Staffing Network
(708) 496-1114
450 E Devon Ave Ste 250
Itasca, IL
Technical
(847) 856-1514
1425 Tri State Pkwy
Gurnee, IL

Provided By:

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

The Hiring Zone LLP www.thehiringzone.com

6304014520
9915 S. Wood St
Chicago, IL


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