Standard LOI Terms

by a searcher from Northwestern University - Kellogg School of Management

3 weeks ago

Happy Friday! 

Looking for standard LOI terms for a smaller self funded searcher deal. Target company is in home services and sub $1M revenue. I have an LOI template from the broker but wondering what is fairly standard term wise. 

Thanks!

0 likes
90 views
7 comments

intermediary from The University of Chicago - Booth School of Business

Home services is a great space. I'm sure you know the big success case at Kellogg and taught there. You should fine tune the LOI to the level of sophistication of the party. Do not use the broker template. Happy to help K-MBA. DM me. . .

3 weeks ago | like reply | 0 likes

searcher from Northwestern University - Kellogg School of Management

I’d be happy to help out and walk you through it - feel free to reach me out at --@----.com

3 weeks ago | like reply | 0 likes

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

Investor seeking Self-Funded Search Deals

Downsides of "buying a job" below 750k+ EBITDA?

2 Best Ways To Find Motivated Sellers, Off-Market Deals

6-7x for a Self-funded Search Deal?

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.