Seller Requesting Proof of Funds before issuing Financials

by a searcher from Indiana University at Bloomington

1 week ago

Hello - 

Exploring an acquisition opportunity on a laundromat in NYC and the seller is requesting proof of funds before issuing Financials. Is this normal? 

Thanks,
Sam

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5 comments

searcher from Northwestern University - Kellogg School of Management

It's common. If you can demonstrate how many stakeholders and how committed they are to you and your search, should be enough to get their responses.

1 week ago | like reply | 0 likes

intermediary from The University of Chicago - Booth School of Business

This is normal. Proof of Finds can be your PFS or an explanation of how you plan to fund the purchase price. Honesty and transparency have value. You can ask the seller or broker high-level financials. Be creative in leveraging lack of seller financials.

1 week ago | like reply | 0 likes

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