Landscaping Business Interviews West Virginia

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

Clearpoint Resources
(304) 428-8028
3901 Briscoe Rd
Parkersburg, WV
Temporary Employment Services Inc
(304) 637-4141
212 Davis Ave
Elkins, WV
One-Stop Employment Service
(304) 256-3088
201 Grey Flats Rd
Beckley, WV
One-Stop Employment Service
(304) 253-0176
201 Grey Flats Rd
Beckley, WV
One-Stop Employment Service
(304) 253-2536
201 Grey Flats Rd
Beckley, WV
Workforce Investment Board
(304) 354-7920
Grantsville, WV
Victoria Coakley's Pro Legal Temp Options
(304) 344-8028
115 Westview Dr
Charleston, WV
Adecco Employment Services
(304) 243-1400
2112 Lumber Ave
Wheeling, WV
Manpower
(304) 598-2222
3004 Northpointe Plz
Morgantown, WV
One-Stop Employment Service
(304) 256-3083
201 Grey Flats Rd
Beckley, WV

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

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