Frequently Asked Questions
Who are buyers?
Buyers on Tresle can be anyone interested in finding, buying, or running their own business. A buyer could be a recent university graduate, an industry professional looking to branch off on their own, potential business partners, a strategic buyer, various capital groups, etc.
How much does it cost to buy on Tresle?
Nothing! There are no access fees to view businesses on Tresle. Registering for the platform is absolutely free and there are no hidden fees or restricted access rights for registered members.
Are there fake seller accounts?
Tresle prides itself on ensuring we provide a safe, trustworthy environment for everyone involved. The platform has email, social media, and text message verification, in addition to a corporate filing check for all businesses listed on Tresle. However, we still advise everyone to take adequate precautions when meeting people online.
Should I do my own research on the company I’m interested in?
Yes. We encourage buyers to do their own due diligence on top of the information available on Tresle. For the purpose of supporting our customers, we work closely with our partners to provide help in legal matters, accounting, advising, etc…
What if I need financing for my purchase?
Tresle can connect prospective buyers with businesses for sale as well as with investors/lenders looking to help finance such deals. Within the Tresle platform, buyers have access to capital through meeting advisors, lenders, and equity investors with the collective goal of closing deals. More Buying FAQs »
Who are sellers?
Sellers on Tresle can be anyone looking for an efficient and cost-effective way to sell a private business. There are two overarching groups of sellers: business owners & business brokers. Business owners can list their business for sale, track their results, access professional assistance, engage in conversations, and save money on the sale of their business.
Business brokers can use Tresle as a tool to get more leads; Tresle allows brokers to build a buyer list, send and receive digital documents, engage in negotiations with buyers, and ultimately close more deals.
What are the advantages to listing businesses with Tresle?
Tresle makes selling a business manageable. People selling a business no longer need to be spammed by unwanted buyers or pay high fees to sell a business. Selling with Tresle allows you to take control over confidentiality, whom you contact, forming deal terms, and ultimately the sale of the business.
How do I submit a listing?
To submit a business listing:
- Create an account with Tresle
- Click ‘Sell’ on portal header and select ‘Create Listing’
- If you have yet to complete your profile, you will be prompted to do so
- Fill out the fields for business
- Click ‘Submit’
What is the listing approval process?
Once a listing is submitted, our team will review it internally to ensure it is appropriate for our platform. There are various reasons why we will not approve a given listing- for example: certain businesses are legal but do not align with our company values at Tresle. The approval process can take up to two (2) business days. Listings will be converted to title case by our editors.
What is a ‘draft’ listing?
A draft listing is a listing that has been started but has yet to be submitted for approval and is therefore not live on the platform (i.e. is only visible to you). Drafts are saved under the 'Sell' section of the portal. To convert a draft into a listing on Tresle, click 'Continue creating my listing'. From here, fill in any potentially missing information and click 'Submit Listing'. More Selling FAQs »
How can I be notified when the investment portal is released?
To be notified when the investment portal is launched, go to our pricing page, click ‘Get updates’, and enter your email address. We will reach out to you closer to the release date. If you have any specific questions regarding the investor portal please visit our contact page - we would love to hear from you!
Who are investors?
Investors on Tresle are accredited investors interested in funding opportunities in established businesses. An investor can invest individually or collectively (syndicate) to finance deals.
How much does it cost to invest on Tresle?
Investor accounts are free to set up. Tresle charges a 3% carry only on positive investment returns. See ‘What is Carry?’ FAQ for more details.
What is an accredited investor?
An accredited investor meets the requirements set by the US Securities and Exchange Commission (SEC) which allows them to invest in certain private securities opportunities.
The SEC website contains a full explanation As an overview, being an accredited investor means you meet the following criteria:
- Individuals with annual income over $200K (individually) or $300K (with spouse) over the last 2 years and an expectation of the same this year
- Individuals with net assets over $1 million, excluding the primary residence (unless more is owed on the mortgage than the residence is worth)
- An institution with over $5 million in assets, such as a fund or a trust
- An entity in which all equity owners are accredited investors
Why do I need to show that I’m an accredited investor?
The SEC requires companies that publicly discuss their financing to take strides towards verifying accreditation. Simply stating that you are accredited is not considered enough by the governing body. More Investor FAQs »