What are the most effective deal flow sources?

searcher profile

June 12, 2025

by a searcher from Carnegie Mellon University - Tepper School of Business in St. Louis, MO, USA

Hi all, curious -- for those that have submitted LOIs (regardless of whether they were accepted) how did you find the deal? (e.g., if an online platform, which one? was it a broker that you had a relationship with and reached out to you? broker newsletter? proprietary outreach?). Would love to focus my approach.
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commentor profile
Reply by a searcher
from Georgia Institute of Technology in Charleston, SC, USA
Path for my current deal and most of my other LOIs: 1. Find a listing on an aggregator like bizbuysell or this site. 2. Research broker to determine if they have multiple deals that fit my size, location, and industry criteria. 3. Call broker about one of their deals. 4. Find out that the deal I called about doesn't work. Ask about other deals and provide my criteria. 5. Get a CIM for a different deal that is a better fit. 6. Seller calls and preliminary due diligence. 7. Negotiate LOI.
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Reply by a searcher
from Stevens Institute of Technology in Orlando, FL, USA
^redacted‌thanks‌ ^redacted‌ I’ve used withkumo.com to aggregate across multiple sources and highly recommend them. They gave me a coupon code I can share with people who want to get 1 month of pro access for free. Just send me a DM if you’d like the code.
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