Discussion
Seller lied about revenue during DD. Walking away.
GarageDoorMan✓March 20, 2026
Found out during due diligence that the seller was double-counting jobs to inflate revenue by about 15%. Caught it when the bank statements didn't match the P&L. Broker acted surprised but I have a feeling he knew. Done with this one. Back to the drawing board.
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Replies (2)
MikeBuysBusinesses✓just now
Good catch and good call walking away. If they lie about revenue, what else are they lying about? Also consider reporting the broker — that's not a gray area, it's fraud.
BookkeeperBee✓just now
This is exactly why I always reconcile P&L to bank statements line by line. It's tedious but it catches stuff like this every single time.