Landscaping Business Interviews Downers Grove 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
Kelly It Resources
(630) 964-7957
1101 31st St
Downers Grove, IL
Staffing Now Inc
(630) 390-1445
1333 Butterfield Rd Ste 370
Downers Grove, IL
Griffin Solutions Inc
(630) 964-8324
1430 Branding Ave
Downers Grove, IL
Todays Staffing
(630) 512-9201
1431 Opus Pl Ste 215
Downers Grove, IL
Kelly Scientific Resources
(630) 964-0239
1101 31st St Ste 120
Downers Grove, IL
Kelly Services
(630) 964-7814
1101 31st St
Downers Grove, IL
Kelly Engineering Resources
(630) 964-7814
1101 31st St Ste 120
Downers Grove, IL
Randstad
(630) 629-6737
2948 Finley Rd
Downers Grove, IL
Fellows Placement Inc
(630) 968-2771
1100 E Woodfield Rd
Downers Grove, 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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