Landscaping Business Interviews Gretna LA

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

Rome Staffing, LLC
504-428-5966
P.O. BOX 3013
Gretna, LA
Shuart & Associates Legal Search & Staffing
(504) 836-7595
650 Poydras St. Suite 2125
New Orleans, LA
Kelly Educational Staffing
(504) 367-8367
2550 Belle Chade Hwy # 110
Gretna, LA
Worktec Temporaries Inc
(504) 368-6952
1141 Whitney Ave
Gretna, LA
Temps Today Staffing Inc
(504) 362-2500
512 Westbank Expy
Gretna, LA
Labor Ready
(504) 361-5818
51 Westbank Expy
Gretna, LA
Pontchartrain Marine Inc
(504) 368-9521
1008 8th St
Gretna, LA
Temps Unlimited
(504) 482-8367
New Orleans, LA
Labor Ready
(504) 539-5192
2339 Tchoupitoulas St
New Orleans, LA
Met Search Inc
(318) 586-3002
10 Lucilania Trl
Florien, LA

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

Rome Staffing, LLC

504-428-5966
P.O. BOX 3013
Gretna, LA

Related Local Event
Society for Human Resource Management Annual Conference & Exposition
Dates: 6/27/2009 - 7/1/2009
Location: Morial Convention Center
New Orleans, LA
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