Deal OS by Devaland · diligence for acquirers
Free tool for business buyers

CIM red-flag checklist

A red flag in a CIM (Confidential Information Memorandum) is a pattern that needs a documented answer before you trust the numbers, such as customer concentration, unsupported EBITDA add-backs or an owner who holds every key relationship. Tick what you see below and get a printable list of follow-up questions for the seller or broker.

Nothing you tick leaves your browser. No account, no upload, no storage on our side.

What do you see in the CIM?

Your follow-up questions

Prints with a white background and black text. In the print dialog, choose Save as PDF.

How to use the list

Send the questions to the seller or broker in writing, and ask for the supporting document with each answer. A figure in a CIM is the seller's presentation of the business. Source documents such as tax returns, bank statements and contracts are what let you check it.

Read the whole CIM first and tick only what you actually see. Questions the CIM already answers use up the broker's time. For a fuller structure, see the CIM review template.

This page is a generic due-diligence aid, not legal, tax or financial advice, and it does not promise any outcome.

Related reading

When you want every figure in the CIM traced to its page, run your first CIM check free.

Questions

What is a red flag in a CIM?

A pattern in the CIM (Confidential Information Memorandum) that needs a documented answer before you rely on the numbers. A flag is a reason to ask, not proof of a problem.

Is anything stored or sent?

No. Your ticks stay in your browser. Nothing is posted to our servers and nothing is saved. Close the tab and it is gone.

Does ticking a flag mean I should walk away?

No. Many flags have ordinary explanations. The follow-up questions ask the seller to show the evidence so you can judge for yourself.

Is this legal or financial advice?

No. It is a generic list of due-diligence questions. Your accountant, lawyer and lender decide what applies to your deal.

How do I get a PDF?

Press Print / Save as PDF and choose Save as PDF as the destination in your browser's print dialog.