A marketing email has been sent out to more than 30 interested parties on behalf of club administrators David Rubin and Partners by valuers Hilco Global.
But anyone who wants to buy the League One club will have to meet a set of criteria laid down in the document.
The next owner of Wanderers will need to provide proof of funds worth £25m plus put in another £25,000 to see the ‘data room’ – an amount only refundable if the bid proves successful.
Any bidder will also have to provide proof to the administrators that they have passed the EFL's owners and directors’ test and had their business plan ratified.
The top-line fee takes into account that interested parties also want to buy the Bolton Whites Hotel, which is currently in the hands of a different administrator.
Potential purchasers must also sign a Non-Disclosure Agreement for the duration of the sale process.
Joint administrator Paul Appleton said: "There has been substantial interest from the moment of our appointment on May 13. Over 30 parties have approached us and we will now begin the process of selecting those best positioned to make a serious offer for the club.
"Speed is of the essence in this process and we are advising all those with a serious interest to provide information concurrently to the EFL in respect of their Owners' and Directors' Test in order to satisfy those demands.
"Hilco have an outstanding reputation in this market and I am confident that we will soon have whittled down the list of potential buyers in order to find the best purchaser for the club and restore the standing of Bolton Wanderers."
Forensic accountants have spent the last week providing a detailed analysis of Wanderers finances, which should make the process of buying the club more streamlined.
Although there has been plenty of interest in buying Bolton the formal bidding process is only expected to begin now that the document has been sent out.
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