Business Partners in Orlando, Florida

“My business partner and I wanted to buy a small pharmaceutical distributor company in Florida. We just did not want any surprises at the closing table or after the closing and wanted to make sure that we were completing the right due diligence. We concluded that a forensic evaluation of the business would give us peace of mind that we were making the right decision. Foodman CPAs & Advisors stepped up to the plate and started asking a multitude of questions related to the company’s financials. During this process, we discovered issues with the Accounts Receivable Aging Report. Foodman went as far as tracking each Accounts Receivable down, finding the transaction and confirming the payment. This type of records evaluation assisted us in ensuring an accurate business valuation. Foodman also utilized key financial ratios within the industry to further ensure that we as investors were paying a fair market value for the company. When the dust settled, we actually paid less as we were able to prove that certain assets did not have the value that the sellers represented.”

— Business Partners in Orlando, Florida