I have had 2 calls with the owner and reviewed the financials enough for me to move forward and proceed with a LOI. This business is generating ~$500K SDE and selling for 3X. I'm a self funded searcher and owner is flexible with upfront payment and seller note, but also looking into lending options or search investors.

1. What should go into an LOI and who can help draft?
2. How should I structure the deal given the current transaction?
3. What happens next after LOI is submitted?

Many thanks.