I'm looking at smaller deals in the Southeast and these are typically $1o0K -$200K in EBITDA and also only $300K-$500K in valuations. These are franchise and non-franchise independent businesses. I see typical due diligence services (QoE, legal DD) etc of the order of $20K-$50K each. While those fee ranges can make sense for bigger deals, it can have a big impact on the economics with such high closing costs for smaller deals.

Do I have any options for a more reasonable and simpler due diligence services for smaller deals? Has anyone here closed such very small deals, and if yes, how did you manage the due diligence services?