Sellers will require a signed NDA before sharing sensitive financial or customer data. 3. Valuation and the Letter of Intent (LOI)
Focus on a specific Industry (e.g., HVAC, plumbing, accounting), Size (revenue/profit targets), and Geography .
Review the Confidential Information Memorandum (CIM), which acts as a marketing "sales pitch" for the business.
If the business passes initial screening, you must determine its worth and propose terms.
Once a target is identified, you must verify basic fit before moving to a formal offer.
Find opportunities through online marketplaces (like BizBuySell or Flippa ), business brokers, or direct outreach to owners. 2. Evaluation and Initial Contact
Before looking at listings, define your "buy-box"—the specific parameters of the company you want to acquire.