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
Crime Does Pay When Buyers Don’t Do Due Diligence
/in Business Buying, Business Due Diligence Horror Stories, Due Diligence/by Willard MichlinDon’t let your business purchase lead you into becoming the victim of white-collar crimes. Find out more from our business buying experts.
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Vital Things you Need to Know About Valuing a Business
/in Business Valuation TIps, Profitability Analysis/by Willard MichlinPutting a value on a business is a separate function from auditing, evaluating or doing “due diligence.” There are three or more generally accepted methods of valuing a business. These are:
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Due Diligence Investigation: Just Call Me Sherlock
/in Due Diligence/by Willard MichlinWhen buying a business one has to see what is not on the financial documents that are 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 they were the keys to solving the case. Read more
Business Buying Horror Story: Dog Kennel – He Never Got His Questions Answered
/in Business Due Diligence Horror Stories/by Willard MichlinPet Business Due Diligence “Bill” and his family were looking for a dog kennel and went on to the internet and started looking at various “Businesses 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.
Due Diligence Case Study: Poor Bookkeeping Leads to Confusion
/in Articles, Business Buying, Business Buying Troubleshooting, Due Diligence/by Willard MichlinThis is a true story of one of my due diligence assignments regarding a thief operating from within a tree trimming and landscaping company in Northern California.
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Business Evaluation Pitfalls: How to Evaluate the True Worth of a Business: Sanity Check-Buying A Business
/in Business Valuation TIps, Due Diligence/by Willard MichlinGetting the True Value of a Business.
In the business broker community there is a review process that helps a buyer determine if a business purchase makes sense or not. This check can be done by a Fortune 500 company where everything is figured down to the penny and takes 1000 hours of research or it can be done by a small main street shop buyer who figures it out in one hour. Each item in this review process requires a decision. Read more
Buying a Business: Disasters When You Don’t Have Your Own Agent
/in Business Buying, Business Valuation TIps/by Willard MichlinShould you allow a Dual Agent or Get your own buyer’s Agent? A Changing, More Aggressive Business Buying Market
Yesterday, I was reviewing a buyer’s signed escrow instructions.
He came to me after signing the escrow instructions and purchase contract, as his agent had said he should. His agent said he needed to hire someone to do the due diligence after he opened escrow. When I read the escrow instructions, I was shocked.
Read more to see how it turned out.
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How to start your own business & be successful
/in Business Buying/by Willard MichlinDo you want to start a business and be successful?
In the movie and play South Pacific there is a song called “Happy Talking.” 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 you don’t have a dream,
How you gonna have a dream come true?”
Surveys of successful people have shown that the love of the work has been more important than the money.
Interestingly, that usually equates into success in the work of love, which is then followed by financial success. To find out more on how to succeed. Read more
Everything You Wanted To Know About Buying An Auto Body Shop
/in Articles, Business Buying/by Willard MichlinA 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.
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5 Ways to Protect your Purchase Deposit from Theft
/in Business Buying, Due Diligence, Newsletters/by Willard MichlinWhenever 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