Automotive Business Due Diligence 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 […]
I had a business buyer contact me to do a business analysis/due diligence. He had already signed an offer, signed the escrow instructions, and sent a large check as a deposit to escrow. I never saw any documents until after the deal blew up.
I noticed a trend about 20 years ago. The trend went from undeclared cash payroll to employees being declared on the business books. It started with automotive businesses and then moved into restaurants. It now can be found in many industries. The construction industry still has not caught on to this interesting trick yet. They […]
Business Evaluation Case Study – Adult Day Care Centers 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 […]
When you buy a seller’s corporation, few to none of the benefits accrue to you but there are a lot of negatives. Lets start with the benefits. When you buy stock in a corporation you lose tax benefits plus take the assumption of all liabilities known and unknown, and warrantee claims that may come in […]
What I see is that more buyers are becoming motivated to buy than they were earlier. Earlier there was a fear that the economy might worsen after a purchase was made. That fear has subsided because of the positive news about the stock market and economic indicators both which have indicated the worst has past […]
Recently, I was sent a report of, “Which Business Types Were The Top Sellers,” based on the information provided by one of the top business-for-sale web sites, in the world.
In the Rodgers & Hammerstein movie and play ‘South Pacific’ there is a song called “Happy Talk”The words to that song go something like this (feel free to sing along if you know the tune): “Happy talk, keep talkin’ happy talk, Talk about things you’d like to do. You got to have a dream, If […]
Salon Business Due Diligence 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 […]
When a business sells a product or service and doesn’t declare the income on its financial statements, you might assume that if you add that same amount to the owner’s profit at the bottom of the profit and loss statement you will have an accurate number. The truth is that when you change the gross […]
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