Would you go meet a seller when there is no CIM?

searcher profile

May 31, 2025

by a searcher from University of California, Berkeley - Haas School of Business in New York, NY, USA

I'm looking at a business that was listed for sale by a broker over a week ago. The number are workable, $500K cash flow, attractive category, but no CIM available. The broker is a bit flaky. They've connected us to go meet the seller directly. It'll be about 2 hours each-way to drive out and meet the seller. Would you go that far without having any real numbers? I want to be super-on-top of all opportunities but I'm wondering if i should be more aggressively filtering before i spend 4 hours on this opportunity.
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commentor profile
Reply by an intermediary
from United States Air Force Academy in Seattle, WA, USA
No CIM, even better.
commentor profile
Reply by an intermediary
from Syracuse University in Westbury, NY, USA
I don’t believe a CIM is necessary to purchase a business. I also don’t believe a 2 hour drive is a big enough obstacle. This could be a great business, or it could be crap, only one way to find out. Sometimes the best businesses have messy financials, operational issues, bad technology, bad broker, a bad owner, or all of the above lol. If you’re serious about the industry and the opportunity, take the drive.
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