FEE FOR LOI?
Good News: Exploring a company that checks all the boxes... Solid revenue/cash flows/EBITDA.
Bad News: The owner of the non-broker listed company wants a $50k fee to put the company into an exclusive Letter of Intent. They also would like to have the LOI time period be a short 14-days! If the company does not "check out" during LOI they keep the $50k.
Anyone have similar experiences and if so, how did you overcome?
Thanks in advance!