Landscaping Business Interviews Grosse Pointe 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

CATS CO
248-816-2287
2100 W. Big Beaver Rd. Ste #210
Troy, MI
The Dako Group
(248)655-0100
2966 Industrial Row
Troy, MI
Search One, LLC
586-725-1420
51694 Washington St
New Baltimore, MI
Applied Solutions Inc
(313) 886-6818
Stanhope
Grosse Pointe, MI
Manufacturing Technologies Inc
(248) 322-7079
35 W Huron St
Pontiac, MI
Qualified Staffing
(616) 225-3212
110 S Greenville West Dr
Greenville, MI
Phoenix Personnel Inc
(734) 284-2121
16140 Eureka Rd
Southgate, MI
Action Staffing
(248) 443-1890
15900 W 10 Mile Rd
Southfield, MI
Michigan Works Service Center-Menominee
(906) 863-9957
2604 10th St
Menominee, MI
Express Personnel Services
(810) 600-0836
3702 E Court St
Flint, MI

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

CATS CO

We are your #1 stop for everything I.T. We have dedicated teams to provide for the best staffing in the business!

248-816-2287
2100 W. Big Beaver Rd. Ste #210
Troy, MI
http://www.catscompany.com

Engineering and IT Solutions, Technical Support, Networking, and Staffing/Recruiting. Information Technology Services and Solutions Provider located in Troy, Michigan for over 30 years. We provide computer service and repair, networking design and implementation, system security, website and application design/development. We have a dedicated in-house sourcing team that will find the right person for any job and make sure that they have what it takes to work for you!


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