Landscaping Business Interviews Oklahoma

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

RightStaff
918-249-2700
6333 S. Memorial Dr.
Tulsa, OK
JOCO
918-398-7593 X103
427 South Boston #12C
Tulsa, OK
Career Futures, Inc.
(405)844-7037
Post Office Box 3656
Edmond, OK
NRG Inc.
405-949-9675
5208 W Reno Ste 285 & 286
Oklahoma City, OK
The Addison Group
918-592-3600
9216 South Toledo Avenue
Tulsa, OK
The Recruiting Specialist
(918) 293-9604
6440 S Lewis Ave
Tulsa, OK
Rose Rock Staffing Ltd
(580) 758-3578
Waukomis, OK
Claremore Personnel Services
(918) 341-3335
1201 W Strain St
Claremore, OK
Search Engine
(918) 585-2055
1202 S Boulder Ave
Tulsa, OK
Oasis Staffing
(405) 842-0065
8028 N May Ave
Oklahoma City, OK

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

RightStaff

918-249-2700
6333 S. Memorial Dr.
Tulsa, OK

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