Best questions to ask current owners prior to LOI?

by a searcher from University of Missouri - Columbia

1 year ago

This question is for searchers who have closed on an acquisition. 

What are the 10 most critical questions to ask the current owner when qualifying their business? 

Questions that you wish you would have asked prior to going under LOI and found out during DD?

18 likes
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80 comments

searcher

"Why are you selling?"

4 months ago | like reply | 1 like

searcher from Symbiosis International University

It is tough to ask this but trust it is important. Who is in your family? This is to avoid last minute deal busters with an unknown-son/daughter popping up for inherited grounds. Next is will you get this pre-approved by your bank? This is to understand prelim what the financials are going to look like.

1 year ago | like reply | 0 likes

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