BUYER PROFILE
Whether you FORMALLY or INFORMALLY Qualify your Buyers, it is a MUST DO step which will save you a lot of time and eliminate a lot of RISKS.
The simple form below is only a starting place. You will want to know who you are working with someone who has the capacity and the will to complete a purchase of your company. If you cannot verify these elements, do you really want to show them everything you do and have learned about your business in the last 20+ years?
QUALIFYING BUYER PROFILE
(Please print or type all information on the form.)
BUYER'S NAME_______________________________________________________________________
COMPANY___________________________________________________________________________
OTHER CONTACT____________________________________________ TITLE___________________
ADDRESS____________________________________________________________________________
CITY_____________________________________________STATE___________ZIP________________
TEL: ( ) - ____________________ FAX ( ) - _________________________
EMAIL: __________________________ MOBILE ( ) - ______________________
ACQUIRER WILL BE:
_______ “C” CORPORATION ________ “S” CORPORATION
_______ INDIVIDUAL ________ PARTNERSHIP
(Please indicate other principals who are or will be over 10% owners in the acquiring entity.)
NAME _______________________________________________________________________________
NAME_______________________________________________________________________________
FINANCIAL DATA:
SOURCE OF EQUITY FUNDS AVAILABLE FOR THIS ACQUISITION
______Personal Savings Amount $_______________________
______Securities Investments Amount $_______________________
______Corporate Cash Reserve Amount $_______________________
______Leverage of Other Investments Amount $_______________________
CURRENT BANKING RELATIONSHIP ______________________________________
ANTICIPATED BANK OR OTHER SOURCE OF ANY REQUIRED DEBT CAPITAL NEEDED TO COMPLETE THE ACQUISITION
BANK________________________________________________________________________________
OTHER______________________________________________________________________________
(Please attach a current corporate balance sheet or a personal financial statement.) Thank you.