Landscaping Business Interviews Louisiana

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

Shuart & Associates Legal Search & Staffing
(504) 836-7595
650 Poydras St. Suite 2125
New Orleans, LA
CCI Staffin g
985 223-1303
235 Enterprise Dr. Ste. A
Houma, LA
Rome Staffing, LLC
504-428-5966
P.O. BOX 3013
Gretna, LA
Willstaff Worldwide
(985)335-7320
11811 Industriplex Blvd
Baton Rouge, LA
Spectrum Staffing, Inc.
225-226-5622
1221 O'Neil Lane
Baton Rouge, LA
Platinum Healthcare Staffing
337-330-2539
3431 B West Pinhook Road
Lafayette, LA
SOS Staffing Services
337-235-2242
137 James Comeaux Road
Lafayette, LA
Able Body Labor
(985) 350-1360
800 N Morrison Blvd
Hammond, LA
Mechanical Contracting Service
(337) 560-4778
3314 Curtis Ln
New Iberia, LA
Acadiana Works Inc
(337) 948-1377
1305 Diesi St
Opelousas, 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

Shuart & Associates Legal Search & Staffing

(504) 836-7595
650 Poydras St. Suite 2125
New Orleans, LA

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