How many LOIs to get one deal done. Share to help.

Member resources:

Frequent asked questions:

What is Searchfunder.com?

Searchfunder.com is an online community of searchers, investors, lenders, brokers and other professionals. Over 80% of those involved in searchfunds maintain a Searchfunder account to help them network, hire, and mentor others.

What are the benefits of membership?

In addition to accessing the most active online network of business buyers, Searchfunder licenses research that is simply not cost effective for individuals. Access over 15,000 industry reports and 50,000 transaction financials. You also get monthly credits for contact information for your company sourcing campaign with the option to purchase more at drastically discounted rates. Searchfunder has pre-purchased access from these data providers in order to empower individual buyers and to help searchers level the playing field versus private equity.

Do you have deals?

While we are primarily a buy-side network, we do have hundreds of brokers that regularly post deals to the community.

Can I find an internship on Searchfunder?

Absolutely! We have the industry's largest intern job board. If you are considering a search, the first step is to help another business buyer so you can hit the ground running.

What does it cost?

Searchfunder is a subscription service. We offer flexible monthly, annual and lifetime memberships.

Monthly

$79 / month

Annual

$19 / month

Lifetime

$432 / once

Those who maintain an account with us for over 4 continuous years are permanently added to the community without the need for a membership.

Do I need an MBA to join?

While a large number of our members come from dedicated programs at Harvard Business School, Stanford GSB, Chicago Booth, and other top programs, searching is no longer reserved for the elite. With the current abundance of dry powder in private equity, and an increasing number of business owners reaching retirement age, good deals rarely go unfunded.

Post a question, deal, job, etc...

Make a post...

Complete registration to post.

by a searcher from London Business School
in Mexico City, CDMX, Mexico

2yrs ago

How many LOIs to get one deal done. Share to help.

I wanted to do a poll here but could not figure it out, so please post your answer below:

- Have you closed a deal? If yes, how many LOIs did you submit?
- If you haven't closed a deal, how many LOIs have you submitted?

My answer is that Started the search in MarchredactedI have not closed a deal and submitted 2 LOIs. I think I need to submit 5 LOIs to close one deal.

1 Like

255 Views

reply by a searcher 2yrs ago
from Southwestern University in Houston, TX, USA

60%+ of deals fail after a signed LOI. The number of LOIs pitched to get one signed? For us, that probably averaged 4-8, but it's highly variable.

What all of this means is that you can't be hyper-focused on a single company. Have a bunch of companies at various places in the progress

This whole process takes longer than most people figure because of all if the humans involved. And they're all highly unpredictable.

reply by a searcher 1yr ago
from Harvard University in Toronto, ON, Canada

Boils down to how aggressive you are with you LOI process. The more aggressive you are, the more LOIs you will need to kill once you learn more info. I prefer to prioritize speed and locking down the target over too much analysis and detail pre LOI. You can always kill an LOI if you learn something that you can't live with down the road.