Landscaping Business Interviews Kankakee 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

Illinois Department of Employment Security
(815) 932-0035
255 N Schuyler Ave
Kankakee, IL
Kankakee Community College
(815) 932-0035
255 N Schuyler Ave
Kankakee, IL
People Link Staffing Solution
(815) 929-9902
251 S Schuyler Ave
Kankakee, IL
Dislocated Workers Center Kcc
(815) 932-0035
255 N Schuyler Ave
Kankakee, IL
Adecco Staffing Services Inc
(815) 962-4880
202 W State St
Rockford, IL
Careers USA
(847) 843-0890
Schaumburg, IL
Asg Staffing
(630) 766-7306
229 W Grand Ave
Bensenville, IL
Paige Personnel
(815) 356-7700
1114 N Main St
Algonquin, IL
Residential Services of Madison County
(618) 465-8845
4617 Wonderland Dr
Alton, IL
Remington International
(312) 726-6700
10 S La Salle St Ste 1303
Chicago, 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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