Experience dealing with business owner directly listing their business?

by a searcher from University of Southern California

2 months ago

Hi, 
I found a listing I liked, signed the NDA, and received the CIM. It turns out that the business was listed directly by the business seller. We had a good conversation, and I like the business. I think there are pros and cons to this situation, so I am reaching out to see if buyers have had similar experiences and how they navigated through the transaction. I would appreciate it if you could share what helped and hindered the sale's progress. Thanks

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professional from Pennsylvania State University

I am new to this space but coming from B2B tech sales, setting expectations early will help build trust. Create a Mutual Action Plan and hold each other accountable. Most sellers will seek guidance from their CPA and/or attorney, so once you meet and qualify, you should start to try and bring them into the conversations.

1 month ago | like reply | 0 likes

searcher from Pennsylvania State University

Start with finding out what the seller wants. Low key and informal at first and shoot for an in person meeting.

1 month ago | like reply | 0 likes

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