Marketing Your Restaurant for Success
Expert strategies and tips for marketing your restaurant, franchise, or fast food joint.
Entries by Willard Michlin
Misrepresenting a business for sale is it a crime?
Crime Does Pay When Buyer’s Don’t Do Due Diligence Since I became a CFE (Certified Fraud Examiner) and started going to National conventions, I have been finding out some very interesting facts about white collar crimes. White Collar Crime’s Financial Cost 15x Higher than Violent Crime Violent crimes, including theft, armed robbery, and murder cost […]
What is Adjusted Net Income?
Depreciation and Amortization, IRS Taxes, Franchise Taxes, Interest Expense, Donations, Non-Recurring Legal Expenses or Non-essential expenses. Other Expenses, Owners Medical, Life Insurance for Owners, Pension Plan contributions for owner’s family, Non-Essential Salaries, Health insurance (owner’s family portion), Owners vehicle expenses (lease payments, operating expenses, repairs, gas, depreciation and insurance), Magazine subscriptions, Owner’s Travel, Entertainment, Home […]
How to Advertise Your Business, Save the Earth and Make Money
Making money keeping the environment green and pollutant free. It’s a win, win business.
15 Questions You Should Ask Before Buying a Business
15 Questions you should ask before making an offer, when buying a business. Most people have questions they need answered before making an offer and before hiring help to evaluate, audit or review the business. The most commonly asked questions are as followed:
Business Ownership Pitfalls: Being an Absentee Business Owner
Business Ownership Pitfalls – Absentee Ownership Many business buyers have the idea that they will buy a small business to create a second income. The idea is to put in 10 hours a week, or less doing the management functions such as, posting the quick books, making sure the employment forms are filled out correctly […]
When Buying a Business Does the Buyer Have Ethical Responsibilities?
Choosing a Business to Buy – The Daily Grind Matters A buyer has a responsibility to act in an intelligent manner when looking for a business. You are not only buying a business for yourself but for your spouse and children. The responsibility to your family requires a higher level of care than you would normally […]
Business Appraisal Pitfalls: How to Evaluate the True Worth of a Business:The Differences between a Busines
It has been said that you cannot judge a man until you have walked a mile in his shoes. Over the years I have done all four functions when someone asked me to help them. But since setting up Due Diligence Assistance for buyers six months ago I have gained a whole new respect for […]
How to Sell a Web-based Business Quickly and for Top Dollar
E-commerce is it right for you? There is a lot of interest to purchase e-commerce or web based businesses. I have been getting more than a normal amount of calls from buyers who are very interested in this area. After reviewing hundreds of financials, I can see where this area looks very attractive. It is […]
Two things you need to know before you buy an e-commerce business
Make sure you have all the Paper Work you need before you Hire Someone to Do Due Diligence In my years of doing due diligence for business buyers, the biggest complaint received from buyers is that the information presented on the web, or by the listing broker, does not match up with the information received […]
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
