A quick review of financials can be as simple as looking at the profit and loss statements for the last full calendar year and the current year. It can be as extensive as looking at tax returns and financial statements for the last 3 years plus the current year. Whenever financial statements are reviewed, questions come up as to why a number is too high or too low. The financial advisor can call the seller and ask the questions or you, the buyer, can take the opportunity to asking the questions as a learning experience. This type of review is very successful at pointing out if the seller is intentionally or unintentionally, misleading you. If you determine that the seller is misdirecting, you may just want to walk away. On the other hand, you may decide that you are willing to spend your time and money to find out the truth. And make a new offer based on the true information.
This service is available two ways:
- We can quote you a fixed price after you hand us all the financial information you are in possession of. Estimates usually range from $700.00 to $1,500.00
- We sell blocks of time. They range from one to twenty hours. The price per hour drops with each price break. Billing is done only for the actual time spend on a business reviewing and discussing with you.