[ari_]

Speaking from some experience:

As a buyer I always want to see stats before making an offer. As a seller I will give basic revenue figures and then ask for an LOI with a # or at the very least a number in writing to see if these people are serious.

I think when you hit a certain price range you're better off taking an M&A firm that works in your market. 7 figures is definitely in that price range. The really good firms take your company, wrap it up, and basically take it to auction.

If you're really serious you need an advisor + counsel to make sure you don't screw yourself over. Taking advice from people on the internet is never a good idea.