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ADULT DAY CARE CENTERS By: Willard Michlin Is the claim that there is big profit in Day Care Centers, too good to be true? Are Adult Day Care Centers making the big money they claim? Last year I was asked to do a business evaluation and financial review of an Adult Day Care Center in … (Click here to continue reading “How to Evaluate the True Worth of a Business: Adult Day Care Centers”)
Willard Michlin By: Willard Michlin, CPA Today no real estate agent will take the legal liability of having you buy a property without having a complete inspection of the building and a termite report. Why is that? Because too many buyers found out too late that the house had undisclosed problems. Then they sued … (Click here to continue reading “Would you buy a home without an inspection and termite report?”)
Willard Michlin By: Willard Michlin, CPA The financing of a business is a relatively straightforward process, if you are aware of what lenders are looking for and generally what they will and will not do. They will be looking at your credit, your experience and the sort of down payment you have and information … (Click here to continue reading “Part#20 How to Evaluate the True Worth of a Business:How is the Value of a Business Worked Out?”)
Willard Michlin By: Willard Michlin, CPA This article is written as a general discussion on the subject of Due Diligence and how to evaluate a small business for purchase. It is for informational purposes and not intended to be a definitive guideline for your exact situation. You should consult the appropriate professionals with regards … (Click here to continue reading “Introduction How to Evaluate the True Worth of a Business:Due Diligence 101–or What You Don’t Know Can Kill You!”)
Willard Michlin By: Willard Michlin, CPA In the business broker community there is a review process that helps a buyer determine if a business purchase makes sense or not. This check can be done by a Fortune 500 company where everything is figured down to the penny and takes 1000 hours of research or … (Click here to continue reading “Part#21 How to Evaluate the True Worth of a Business:Sanity Check–Buying A Busineess”)
Willard Michlin By: Willard Michlin, CPA Buying a business in today’s economic climate requires that you, the buyer, be on the ball, with regard to business basics. This economic climate, as far as businesses are concerned, is a sellers market. With the corporate downsizing, economic downturn and other factors, there are a lot of … (Click here to continue reading “Part#1 How to Evaluate the True Worth of a Business:Buying a Business–The Basics”)
Willard Michlin By: Willard Michlin, CPA This is one of the most interesting industries I have ever run across. They appear to be making big profits but overnight the profits can turn into nothing. I have been asked to review and comment on a chain of stores in the San Fernando Valley. My due … (Click here to continue reading “Part#2 How to Evaluate the True Worth of a Business:Cellular Phone Stores–Imaginary Profits”)
Willard Michlin By: Willard Michlin, CPA One the industries that I particularly like, even in bad times, is the advertising industry. These companies come in all colors and sizes. Some publish books, of nothing but coupons. Others sell packets of post cards for different types of businesses. The other variations are local community magazines … (Click here to continue reading “Part#3 How to Evaluate the True Worth of a Business:Coupon Books and Post Card Advertising Agencies”) |
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