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by a searcher
1mo ago
in Mississauga, ON, Canada
Reposting same comment from the last post
^Founder - we do not work with the typical searchers primarily. If you are raising your down payment equity, we would not be a fit. If you have your own capital and understand (or are willing to have a real conversation about) what you are able to buy vs what you aren't based on your personal financial statement - we're always open. That said, given we work with 150+ active buyers at any point in time and we aren't here to be your 'best fit' for a first deal, but someone you come to for your first and next 10 deals - privacy for us is worth 1000x more than a reference/new client. That policy won't change. You won't find what we deliver with anyone else, it's a byproduct of risk. No firm is willing to burn their own money for 6-12 months to get to a close in anticipation of getting to deal 2, 3, 5, etc. We're in it for the long game with each of our clients. So we don't mind burning more than we take in on our upfront fee (what you quoted above is incorrect, it's higher) in exchange for being in it with our clients.
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by a searcher
1mo ago
in Miami, FL, USA
I don’t think the vendor should be responding to a reference question. It’s obv biased.
My opinion: I personally evaluated your proposal and feel your contract is extremely one sided. The privacy notion of not providing references was also a no for me. I’m not new to this and have bought and sold companies. I wish everyone reading this much luck!