Approached Already

/Approached Already
Approached Already2018-09-28T04:15:03+00:00

Approached Already to Sell Your Business

Most acquirers will try to buy your business without competitors bidding up the price of your company. The potential acquirers will ask you to sign a nonbinding Letter of Intent (LOI), which almost always provides the acquirer 60 days of unfettered access to your books to perform their due diligence, during which time you can no longer negotiate with any other buyers.

The longer the due diligence drags on, the higher the chances the buyer will lower their bid knowing your other potential acquirers may have moved on. 

A competitive bid process ensures you’re getting the highest price possible for your business.

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