Landscaping Business Interviews Coldwater MI

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

Time Services
(517) 279-0880
387 N Willowbrook Rd
Coldwater, MI
Kelly Services
(231) 347-2963
1147 N US Highway 31
Petoskey, MI
Advance Employment Services
(989) 773-2275
2300 S Mission St
Mount Pleasant, MI
American Heritage Group Inc
(248) 577-1170
32670 Concord Dr
Madison Heights, MI
Michigan Works MacOmb County
(586) 469-7702
75 N River Rd
Mount Clemens, MI
Horizons Employment Services Llc
(734) 243-5627
14930 Laplaisance Rd
Monroe, MI
Arcadia Staff Resources
(248) 477-0900
18320 Middlebelt Rd
Livonia, MI
Manpower
(616) 957-0461
2930 Broadmoor Ave SE
Grand Rapids, MI
Michigan Works White Lake Workforce Development Service Center
(231) 893-1091
541 E Slocum St
Whitehall, MI
Pro-Active Search & Service
(616) 363-8826
4056 Plainfield Ave NE
Grand Rapids, MI

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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

Staffmark

260-484-5300
1620 Saint Joe Center Road
Fort Wayne, IN

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