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Aaarghhhh!!!!! pro formas are killing me.

Businesses should be listed on how much money they are making now --- not what COULD happen. So much time wasted waiting to get info and then have the old pro forma thrown at you. At least now I learned to ask that question first. There should be an industry standard on how cash flow is listed and pro formas should NOT be allowed. (One time expenses like a new AC unit or replacing a manager by working it yourself is cool but everything else is pure speculation and is wasting time.
I think some brokers think I am wasting their time but I want to buy a profitable business and then just fine tune it. The last five businesses I inquired about had decant cash flow listed but I soon found they were not making any money at all. Very frustrating.

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Answers (7)
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We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

We look forward to your reply to enable us provide you with details or you may visit our website.

Kindly acknowledge receipt of email.

Thank you.

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539
email: info@interventionmortgagefirm.com
web: http://www.interventionmortgagefirm.com/

Jun 6, 2017
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Freedom Business Brokers
Orange County, CA

Joe
I have a retail store in Orange county ,California with proven and verifiable sales if interested respond.
Sid0653@hotmail.com

Aug 4, 2010
Julie A. Barnes, CPA
Small Business Exchange, Inc.
Travis County, TX

I agree with Don with one exception: business owners who have founded companies but have reached their capabilities and do not have the knowledge or experience as CEO's to move to the next level.

They're not losers - they just recognize their limitations. Otherwise, Don, as usual, is spot on!! For more information about buying, selling, or evaluating a business, please visit my blog: http://www.AustinBusinessesForSaleBlog.com

Good Luck
Thanks
Julie A. Barnes, CPA
President, SBX, Inc.

Aug 3, 2010
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The BAF Group LLC
MD

As Brokers, we do not deal in Pro Formas, unless it is a business that is expressly, specifically stated to be a startup, such as when we represent a Franchise. Anyone that provides you with a Pro Forma, instead of Cash Flow predicated on historical P&Ls, or better yet, SIGNED Tax Returns, is trying to sell a losing business.

It is the same as "potential". Any time a Business Owner wants me to list his business and tells me how much "potential" there is, I thank him and tell him we would rather not list his company. It is that simple! "Potential" = LOSER, in the vast, vast majority of cases.

Ask for P&Ls or Tax Returns. Accept nothing else.

Aug 3, 2010
Buy-a- Company

A person can make a pro-forma say whatever they want.

And, what's worse, is that the targets listed on a pro-forma are rarely hit.

Window dressing at best. Misleading at worst.

Aug 3, 2010
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Corporate Financiers
President

I have experience with pro formas (prior Merrill Lynch Banker / Accounting background - U. of MI + Northwestern). Part of my service of arranging financing for small to mid-size businesses nationwide is assisting with pro formas. No charge to borrower (referral fee paid by lender).
Todd 312-488-3505

Aug 3, 2010
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average joe schmoe. we need to talk i have a great profitable business and numbers dont lie. stevemitner@gmail.com

Aug 3, 2010

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