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Salon Business Due Diligence In most of my writing, I talk about fraud and misrepresentation by sellers to buyers. I have come to realize that the problem is much deeper than I thought. The buyer’s and business names below are real. Dr. Charles Partito is an experienced business buyer. He reports that he has bought … (Click here to continue reading “Business Buying Horror Story – Hair Salon, Due Diligence Requires Real CPAs”) 
Pet Business Due Diligence “Bill” and his family were looking for a dog kennel and went on to the Internet and started looking at various “Business for Sale” web sites. He located a dog kennel for sale with real estate in another state. Bill and his family had experience with boarding animals so it seemed the perfect business. Without visiting the actual … (Click here to continue reading “Business Buying Horror Story: Dog Kennel – He Never Got His Questions Answered”) 
Pizza Parlor in San Fernando Valley, California: This is an interesting deal. “Joe” the recent purchaser had been in this business before, some years back. He also saw our Due Diligence 101 article on one of the Business for Sale Websites. When asked why he did not hire us to do even a quick preliminary review of the purchase, he … (Click here to continue reading “Business Buying Horror Story: Pizza Parlor – He Did Not Do Any Due Diligence On Any Level”) 
Florist Business Due Diligence Floral Wholesale – Riverside, California: Some months ago a San Diego Police Officer in the process of purchasing a business (for his wife) retained Due Diligence expert Willard Michlin of Moorpark, California to assist him in determining if the seller of Floral Wholesale was accurately representing the profitability of the business. The asking price for the … (Click here to continue reading “Business Buying Horror Story: Floral Wholesale – The Seller Misrepresented Everything”) 
Automotive Business Due Diligence Wholesale Auto Parts Distributor: L.C. decided she wanted to own a business that would pay her at least $10,000 per month profit. She looked around and found an auto parts distributor that sold auto repair parts to mechanics. The business was located in an industrial neighborhood where many Auto Mechanics were … (Click here to continue reading “Business Buying Horror Story: Auto Parts – She Failed to Do Due Diligence”) |
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