One of our clients was presented the opportunity to become the sole U.S. distributor of a new beverage. In return for funding the establishment of a U.S. company to import and market the beverage, the client would receive 50% of the proceeds.
It sounded too good to be true, and it was. Bullseye conducted a business due diligence investigation, and determined that an established food and beverage company in Los Angeles had already secured the U.S. distribution rights to the product from an associate of the person who had approached our client. As a result, a small investment in an investigation saved the client the untold expense and woe of setting up a company and facing a legal challenge from the company in Los Angeles.