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Business Fraud

May 21, 2024/in Articles, Profitability Analysis/by Willard Michlin

Are your employees stealing from you? That is a form of business fraud.

If you own a business, of any size, did you ever consider that while you are working hard to make a living to support your family and staff, there are those that are also working very hard against your actions. Read more

https://www.businessbuyingservices.com/wp-content/uploads/2015/03/iStock_000011165894XSmall-230x300.jpg 300 230 Willard Michlin https://www.businessbuyingservices.com/wp-content/uploads/2015/03/logo.png Willard Michlin2024-05-21 03:02:512024-05-28 11:01:32Business Fraud

Avoiding Fraud When Buying a Franchise Business

March 21, 2024/in Business Buying, Due Diligence, Profitability Analysis/by Willard Michlin

Do You Think You Do Not Need Due Diligence When Buying a Franchise?

Opening up a new franchise location can cost upwards of $250,000. This is a lot of money for a business buyer to invest in a new unproven location.

New investigative reports are now stating that the selling of new franchise locations is where the real profit is earned by franchisors, rather then as previously believed on the 5% franchise fee paid  from the sale of product. The franchise sales staff  earn a large chunk of the $30,000 plus franchise fee charged. Plus the company makes a profit on the construction costs of the new store.

Many people have the idea that our government’s registration rules exist to protects the consumer from being cheated. In truth it has made the problem worse. Read more

https://www.businessbuyingservices.com/wp-content/uploads/2012/03/469668877.jpg 483 725 Willard Michlin https://www.businessbuyingservices.com/wp-content/uploads/2015/03/logo.png Willard Michlin2024-03-21 02:54:382024-03-27 13:25:21Avoiding Fraud When Buying a Franchise Business
Accrual Accounting

Vital Things you Need to Know About Valuing a Business

January 2, 2024/in Business Valuation TIps, Profitability Analysis/by Willard Michlin

Putting 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:

  • Comparable sales: What have other similar businesses with similar financial information sold for?

Read more

https://www.businessbuyingservices.com/wp-content/uploads/2015/03/531440649.jpg 513 684 Willard Michlin https://www.businessbuyingservices.com/wp-content/uploads/2015/03/logo.png Willard Michlin2024-01-02 08:33:542024-01-08 10:34:02Vital Things you Need to Know About Valuing a Business
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Willard Michlin, CPA, CBB, CFE

Willard Michlin, CPA, CBB, CFE, Expert Witness

California Licensed Real Estate Broker #00529559

Certified Public Accountant (CPA) # 106752

Certified Fraud Examiner (CFE) #594927

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