Business Buying Services

How to Evaluate the True Worth of a Business: Adult Day Care Centers

desim — Sun, 20 Nov 2011 23:38:24 +0000

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")

Business Buying Horror Story – Hair Salon, Due Diligence Requires Real CPAs

desim — Mon, 14 Nov 2011 17:09:26 +0000

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 eight businesses over the ... (Click here to continue reading "Business Buying Horror Story – Hair Salon, Due Diligence Requires Real CPAs")

Business Buying Horror Story: Dog Kennel – He Never Got His Questions Answered

desim — Mon, 14 Nov 2011 15:12:56 +0000

“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 business he collected his ... (Click here to continue reading "Business Buying Horror Story: Dog Kennel – He Never Got His Questions Answered")

Business Buying Horror Story: Pizza Parlor – He Did Not Do Any Due Diligence On Any Level

desim — Mon, 14 Nov 2011 15:11:12 +0000

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")

Business Buying Horror Story: Floral Wholesale – The Seller Misrepresented Everything

desim — Mon, 14 Nov 2011 15:04:31 +0000

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 business was $350,000. The Listing ... (Click here to continue reading "Business Buying Horror Story: Floral Wholesale – The Seller Misrepresented Everything")

Business Buying Horror Story: Auto Parts – She Failed to do Due Diligence

desim — Mon, 14 Nov 2011 15:01:10 +0000

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 located but not where ... (Click here to continue reading "Business Buying Horror Story: Auto Parts – She Failed to do Due Diligence")

…it fills a need for people who are looking for an independent verification of seller’s representations, at an affordable price.

rkorns — Mon, 14 Nov 2011 01:21:48 +0000

“I really like your Due Diligence service. I believe it fills a need for people who are looking for an independent verification of seller’s representations, at an affordable price. I will definitely recommend you to my future business acquisition clients as a practical alternative to hiring an attorney.”

—Neville Millar, Broker, REALTOR, e-PRO ... (Click here to continue reading "…it fills a need for people who are looking for an independent verification of seller’s representations, at an affordable price.")

Scottish Music – Playing the Pipes

rkorns — Mon, 14 Nov 2011 01:18:57 +0000

“Thank you again for your sage advice.

“I spent an hour this evening searching for more information on the business I spoke with you about. I found out that the couple selling it has apparently been scamming people out of money and ‘selling’ their business several times in the last few years. One ... (Click here to continue reading "Scottish Music – Playing the Pipes")

You taught me how to analyze a business and I am totally confident…

rkorns — Mon, 14 Nov 2011 01:17:21 +0000

I like to thank you for helping me analyze the coin laundry business I was about to purchase. Even though the selling brokers did not give me any info about the books and income you were able to get the truth about the business and saved me $180.000. Mr Willard you are truly a genius ... (Click here to continue reading "You taught me how to analyze a business and I am totally confident…")

I had never negotiated to purchase a small business before…

rkorns — Mon, 14 Nov 2011 01:15:44 +0000

“I had a long background as a corporate manager before deciding to purchase my first business. I knew how to value a company and how to negotiate in many settings, but I had never negotiated to purchase a small business before. So, I knew what I wanted to achieve, and figured I had what ... (Click here to continue reading "I had never negotiated to purchase a small business before…")