Mochi Donuts in Sacramento — Sold via Backup Offer
First deal collapsed at week 6. Our backup buyer closed in 22 more days.
First deal collapsed at week 6. Our backup buyer closed in 22 more days.
The seller had signed a contract with the first buyer 6 weeks in. The buyer's SBA loan got declined unexpectedly and the deal collapsed. Sellers often panic at this point — relist, reduce price, or lose months waiting for a new pipeline.
Because we'd been collecting NDAs and qualifying buyers throughout the listing period, we already had 3 backup buyers in different stages. Within 48 hours of the first deal failing, we'd contacted all three. The strongest had pre-approved financing and operating experience. We pivoted the listing into escrow with them.
Sold at $195K to backup buyer 22 days later. Net to seller was essentially what the original deal would have produced. Lesson for any owner: never list and stop — keep building a backup buyer queue throughout escrow.
When the first deal died I thought we were sunk. Ivy had already lined up the next one. That's the difference.— Former owner
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