Dealing with Proof of Funds before revealing detailed financials?

by a searcher from University of Rochester - William E. Simon Graduate School of Business

4 years ago

Has anyone dealt with brokers / owners of businesses that ask for proof of funds before they offer to open up the books for you? This is a chicken and egg problem I've been running into and I'm having a hard time getting around it given that I'm currently self-funded? Any advice on how I can get to the books to better evaluate whether its suitable for acquisition?

9 likes
498 views
20 comments

searcher from Texas A&M University

Justin, I am curious, do you have outside capital commitments or are you waiting to get those after you have a target company in your sights?

1 month ago | like reply | 0 likes

searcher from Babson College

Thank you John this was a very helpful response

6 months 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

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

Examples of self-funded searcher websites

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

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.