Resubmission of LOIs

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 Tulane University - A. B. Freeman School of Business
in New Orleans, LA, USA

2yrs ago

Resubmission of LOIs

Do brokers let possible buyers resubmit an LOI if the offer is too low compared to other LOIs?

Thanks
Canaan

0 Likes

23 Views

reply by a searcher 2yrs ago
from University of South Carolina in Seattle, WA, USA

Depends on your relationship with the broker / seller and far the valuation gap is.

Sometimes the seller will say (I really value the strategic vision Canaan has, but he is just a 1-2x turns light from where I want to be. Can Canaan up his offer to be competitive (or alleviate the gap via structure).

Your goal in the pre LOI submission process should also be to sell yourself to the broker & seller. WHY you're the best buyer. (Experience, Passion, Vision etc).

reply by a searcher 2yrs ago
from Tulane University in New Orleans, LA, USA

Thanks