I would definitely get all of the information I need as far as the costs which I believe can be extracted from the company`s financial report.
I hate to say the "B" word but a business plan would also help as part of a presentation to the both of them. Touch on what you would improve or change and how that would lead to further success of the company. Similar to a start-up plan for a new business, try to do as much research on competition as well.
In two words: be prepared.