
Caleb Basile
Caleb Basile, CPA, is the founder of QOE Prep, a boutique firm specializing exclusively in Quality of Earnings reports for small and lower-middle-market M&A transactions.
2
APPEARANCES
2
PODCASTS
012
DEC 30
JAN 6
JAN 13
JAN 20
JAN 27
FEB 3
FEB 10
FEB 17
FEB 24
MAR 3
MAR 10
MAR 17
MAR 24
MAR 31
APR 7
APR 14
APR 21
APR 28
MAY 5
MAY 12
MAY 19
MAY 26
JUN 2
JUN 9
JUN 16
JUN 23
JUN 30
JUL 7
JUL 14
JUL 21
JUL 28
AUG 4
AUG 11
AUG 18
AUG 25
SEP 1
SEP 8
SEP 15
SEP 22
SEP 29
OCT 6
OCT 13
OCT 20
OCT 27
NOV 3
NOV 10
NOV 17
NOV 24
DEC 1
DEC 8
DEC 15
DEC 22
DEC 29
JAN 5
JAN 12
JAN 19
JAN 26
FEB 2
FEB 9
FEB 16
FEB 23
MAR 2
MAR 9
MAR 16
MAR 23
MAR 30
APR 6
APR 13
APR 20
APR 27
MAY 4
MAY 11
MAY 18
MAY 25
JUN 1
JUN 8
JUN 15
JUN 22
JUN 29
JUL 6
JUL 13
JUL 20
JUL 27
AUG 3
AUG 10
AUG 17
AUG 24
AUG 31
SEP 7
SEP 14
SEP 21
SEP 28
OCT 5
OCT 12
Oct 7, 2026
What’s the Quality of Your Earnings? (LIVE with Caleb Basile)
34:39
34:48
35:03
35:11

Caleb BasileGUEST
Uh, and then another huge red flag everyone knows about is customers, but then also the referral sources.

Caleb BasileGUEST
So one of my competitors just sold, okay? Um, and now I'm getting deals from loan brokers who used to send deals to that, that, that QB provider that just sold because they're not doing as good of a job as the previous one.

Caleb BasileGUEST
So that referral source, which was a large portion of that competitor's referrals, they're now all coming to me.

Caleb BasileGUEST
So [chuckles] that, that's going to happen when you s- when someone s- sells their business and they get a lot of referrals from one of three sources, uh, one of three.
12 MINS LATER
Why Two Businesses With the Same Profit Sell for Different Prices
8:50
9:01
9:11
9:24
9:36
9:45

Caleb BasileGUEST
So a buyer is going to analyze their books, their businesses, and anything that doesn't line up or anything that scares them, they're going to question about it.

Caleb BasileGUEST
So typically in the past, it used to be like a broker, an investment banker, and then a seller like, all right, let's put our business together and let's show it off and then see what the buyers come back with.

Caleb BasileGUEST
But now with a sell-side QV or a QV prep, when you prepare for a QV, You can get a good idea of what the buyers are going to ask you, and we will be there with you answering their questions that are relevant to the QV.

Caleb BasileGUEST
You answer the business questions, the broker or the investment banker answers the investment banker questions, and then we answer the quality of earnings questions.

Caleb BasileGUEST
So you're right, an audit does cover a lot of the financials, the income statement and the balance sheet, but it doesn't really talk about concentration risk.

Caleb BasileGUEST
So what does the customer concentration look like? What are the vendors concentration look like? Is there any related party in the company? Who's making the sales of a small business? If the owner is making most of the sales and he's trying to sell his business, he's not going to get as great of a multiple than if there's a team of salesmen because that poses a larger risk to a buyer.
11 MINS LATER

