Profitable Two-Sided Marketplace Deal Seeking Investors

I’m in pre-LOI discussion with seller for the acquisition of a profitable two-sided marketplace in the creator / UGC economy with strong organic traction and real repeat usage, and very positive user reviews online. The business generates ~$700K TTM revenue and ~$320K net income at ~97% gross margins, growing ~30% YoY with zero paid marketing to date. The thesis is straightforward: operator-led scaling through paid demand acquisition, multi-city expansion, and deeper UGC workflows (anchor market is Los Angeles where product-market fit was demonstrated, now expanding nationwide). Target structure is PE-only (no SBA/bank debt): ~$2.4–$2.6M at close with seller earnout participation tied to incremental performance. Preferred equity with ~8% pref and 1.5–2.0× cap, targeting 20%+ IRR base case. DM if interested in reviewing the deal and diligence summary.