What Happens When I Send a Request to a Small Business?
Learn what happens after you send a request on SMB.co - owner outreach, financials, next steps, and how we connect you with sellers.
When you send a request for financials on SMB.co, you’re taking a key step toward exploring a business acquisition. Here’s what happens next and how we help facilitate the process.
We Reach Out to the Business Owner
Once you submit your request, our team contacts the owner to gauge their interest in exploring a potential sale. Many small business owners haven’t formally listed their business for sale, so this step helps initiate the conversation and uncover opportunities that may not be publicly available.
We Request Updated Financials
If the owner is open to discussions, we request key financial details to ensure you get the insights needed to evaluate the opportunity. These details typically include:
- Revenue & cash flow trends
- Operational details
- Growth potential
Having updated financials allows you to make an informed decision before moving forward.
Next Steps: Connecting with the Owner
If the owner expresses interest in selling, we facilitate an introduction and help schedule a call between you and the seller. This is your opportunity to ask questions, understand the business further, and determine if it aligns with your goals.
How Long Does This Process Take?
The timeline can vary depending on the business and owner’s responsiveness. Some owners respond within a few days, while others may take longer to consider their options. If a business owner hasn’t responded yet, we continue outreach and keep you updated on the status.
Not Ready to Reach Out?
If you’re still exploring, you can save businesses to your dashboard and revisit them when you're ready to move forward.
Preparing for Your First Buyer-Seller Meeting?
Check out our Guide to Buyer-Seller Meetings to ensure you make the most of your first conversation with an owner.