Should I pursue a deal that's under someone else's non-exclusive LOI?
I’m currently evaluating what would be my first acquisition — a SaaS deal that recently came back into play. The broker shared that it’s under a non-exclusive LOI, but the seller is open to a clean cash offer with no hard deadline.
The business checks many of the right boxes: strong cash flow, clean operations, and clear product-market fit. That said, I also have a few other deals in my pipeline and want to make the most strategic move for my long-term vision.
I'm curious how others would think about this situation:
- Would you continue pursuing a deal under a non-exclusive LOI if the seller is still receptive?
- Or would you shift attention to fresher opportunities if you’re early in your search?
If the consensus leans toward pursuing it, I’d consider making a Deal Post here on Searchfunder to explore raising capital or bringing on a partner.
Appreciate any insight from those who’ve been in similar shoes. Thanks in advance!