Hi all, I am looking for some opinions. I am a self-funded searcher who has found a deal I’m interested in. I spoke with the broker and have received the financials. The broker said he’s had a lot of interest and I would like to set up a conversation with the seller asap. The broker has been slow to respond and I wanted to get some thoughts on reaching out to the seller directly? Good idea? Bad idea? Why?
Thanks!
Working with a sell side broker, but want to reach out to the seller
by a searcher from Purdue University
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1. Review the CIM and do your research on the industry.
2. Come up with a question list that is not covered in the CIM but is important to the business.
3. Schedule a call with the broker to go over your questions. This will show that you're a series and qualified buyer. Then there is more chance to get the owner meeting. Also, the broker may not be able to answer some of the business detailed questions, which is also a good chance to ask for an owner meeting.