I am doing some consulting work for a group trying to purchase a business, involving preliminary due diligence and validation of the profitability being represented by the seller and broker.
An information request was sent to the broker on Monday – monthly P&L’s and balance sheets, general ledgers, terms of major contracts, payroll registers, and so on. These are items that should be ready to deliver (or accessible via a virtual data room) as soon as the business is offered for sale.
But two full days have passed, and nothing received.
Fellas, get your act together! Arrrgh!