Some business brokers require prospective purchasers to submit a financial statement in order to receive confidential information about a business for sale. Others merely require a buyer to sign a confidentiality agreement. Whether or not the business broker requires a financial statement from the buyer, it is a good idea to submit one.
Intermediaries and business brokers talk with dozens of buyers every day that express a preliminary interest in the businesses they have listed for sale. Few “interested” buyers will actually complete a deal. By readily submitting a financial statement, you demonstrate your intentions as a serious buyer and provide evidence that you have the financial ability to complete the transaction if you so desire.
