My clients were looking at a deal that would hopefully give them both the opportunity to retire. During diligence, I became suspicious of labor costs. The seller had recently laid off staff, but revenue was the same. Was EBITDA being manipulated?
Find out what happened and learn how to protect yourself: https://www.guardianduediligence.com/blog/war-story-under-the-table-reducing-staff-to-boost-ebitda