The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Questions About Selling A Business

Remove ads while supporting the Unscripted philosophy...become an INSIDER.


Legendary Contributor
Summit Attendee
Speedway Pass
Jul 25, 2007
Scottsdale, AZ
I own a home service company which I have decided it is time to sell.

I listed it on BizBuySell - The Internet's Largest Business for Sale & Franchise for Sale Marketplace and gotten a few inquiries.

It is customary to request proof of funds and non disclosure before discussing further?
It depends on the price range. When I was selling mine they just signed at NDA. Most needed loans so no proof of funds were shown. They didn't get to see financials until we had a signed LOI.


Bronze Contributor
Speedway Pass
Feb 25, 2018
If I can share something with you it's John Warrillow, built to sell.
Especially in his podcast he asks to everyone if there was a "lowball" the acquirers used to buy the business.
What can I say after hearing ALL the episodes and taking notes is that UNLESS the buyer is strategic and has skin in the game, the more you LAWYER UP, meaning the more experienced and ON YOUR SIDE OF THE BENCH people you surround with in this, the better.

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
New Course! Upwork Client Psychology I #UdemyApproved! Upwork Client Psychology I is designed...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Welcome to 2020, I wanted to add in a quick note about gratitude for the new year...

Don't like ads? Remove them while supporting the forum. Subscribe to become an INSIDER.

The 2020 Fastlane Summit

This event SOLD OUT in October. For authorized resale tickets, please check ticket resales or contact the forum directly.

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom