I was met with some hard gatekeeping today on a $1M SDE deal with an asking price of $2.5M:
"To qualify for this opportunity, the potential buyer must have at least $1.5 million in liquid assets and $4 million in total assets. Please provide proof of funds showing at least $ 1.5 mil of liquid assets."
Is this a joke? Unless the seller is looking for cash, why would he ask for this? Any suggestions on how to politely respond? I don't have that much liquid funds but can raise if necessary.
Absurd Broker Gate Keeping - Asking for $1.5M proof of liquid funds
by a searcher from University of California, Los Angeles - UCLA Anderson School of Management
More on Searchfunder
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.
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.
358 views
22 comments
Sign in to see all replies.
Create an account.