Everything You Wanted To Know About Buying An Auto Body Shop
A body shop can be a great investment, if you are the right kind of buyer. Who is the right buyer? Let’s discuss that in detail. Here is what we will cover in detail.
Entries by Willard Michlin
5 Ways to Protect your Purchase Deposit from Theft
Whenever you make an offer for a business and put down a deposit you are putting yourself at risk that it could be forfeited to the broker and/or seller. Here are a few things you can do to make sure that does not happen: Business purchase deposit protection Write LOI (Letter of Intent). This is […]
Do You Know Why Your Business is Not Making Enough Money?
Your Company is capable of making money. Very few business owners think they are making all the income their business is capable of making. In fact this is overwhelmingly the number one complaint that business advisors hear. Occasionally a CPA will hear a complaint from their client that he is making so much money the […]
Find Your Passion In Your Work When Buying A Business
The most common comments I hear from business buyers are “What is a good business to buy? I am open to any business that can make me money” They also bring up this question whenever they find any company that looks interesting. “Is this a good industry to be in?” What they are not getting […]
Why We Need Due Diligence Just to Sign a Purchase Contract
Henry is an educated businessman. He has real estate license but wanted to find a method of earning extra income. He has been looking at various businesses. He was now interested in a Laundromat. He collected the necessary preliminary information and sent it to me, along with a signed accepted offer, to review and discuss. Prior […]
Due Diligence Pitfalls: What are the biggest barriers to doing Due Diligence?
When buying a business one has to see what is not on the financial documents provided by the seller. To do that you need to graduate the Sherlock Holmes College of Observation. Mr. Holmes was famous for seeing small clues that appeared to others to be meaningless, but in truth, were the keys to solving […]
Why Should Inventory and Accounts Receivable be Part of the Purchase Price?
Why should Inventory and Accounts Receivable be Part of the Purchase Price? The standard procedure when a broker takes a listing, on a small main street business, can be with or without the inventory being included in the listing price. Including it actually presents a more honest picture, to the buyer, of what is required […]
Purchasing A Business? Find The Right One For YOU!
Are you interested in purchasing an existing business? What type of business will you excel in owning? Start here with our help and save yourself stress, time and money!
Is Buying An Online Business The Way To Go After COVID-19 Is History?
Last week I received a phone call from Dan in New York City. He and his wife decided it was time to get out of Dodge and move to Southern New Jersey, where the air is cleaner. Dan had located a brick and mortar school that had some online presence. Since the COVID-19 shut down […]
Would you buy a business or home without an inspection report?
Insurance companies figured out real fast that it is in their best interest to make sure that real estate buyers do what was in the best interest for the buyers – which is to protect themselves from the sellers.
Willard Michlin, CPA, CBB, CFE
California Licensed Real Estate Broker #00529559
Certified Public Accountant (CPA) # 106752
Certified Fraud Examiner (CFE) #594927
Professional Certified Business Broker (CBB) designation
Contact Us
For Business Due Diligence, Expert Witness and Consulting Services
Business Buying Services
PO Box 2734, Seal Beach, CA 90740-2734
Phone: 805-428-2063
Fax: 562-446-0575
