Confidentiality is Vital When You Have a Business for Sale
Confidentiality is an absolute priority at Results Business Advisors, as business sellers, understandably, insist on maintaining confidentiality about the sale of their business.
In many cases, problems can occur if anyone other than trusted advisers – including attorney, accountant and banker – learn that there is a business for sale in Omaha. Suppliers or vendors might increase prices, customers and employees can get nervous and competitors may try to leverage the information to their advantage.
At Results Business Advisors, we often need to educate potential buyers as to why confidentiality is important for them as well, should they move forward and acquire the business in which they are interested.
We begin by pledging to hold all financial and specific information about a business private, until and unless a Non-Disclosure/Confidentiality Agreement is signed. All of our marketing and advertising of the client’s business for sale is kept extremely generic, so that a potential buyer cannot determine the name and location of the business. This allows us to control the entire business sale process.
The next step is to build a confidential marketing package for the business, consisting of financial records, promotional materials, asset list, and all other specific information necessary for potential buyers to want to meet with the business owner. This information package does not include information that would be disclosed only during the due diligence phase after an offer has been made and accepted.
Keeping Details About a Business for Sale in Omaha Secret
When a prospective buyer responds to our blind advertising, the respondent must first sign the NDA, agreeing to maintain confidentiality, and providing information about background and financial situation. This information allows us to determine how likely it is that the buyer will be able to get the financing to buy the business, and whether there will be a good fit.
Maintaining confidentiality is a primary consideration for a business owner to hire a business broker, rather than rather than dealing with the details of having a business for sale in Omaha yourself. If you deal directly with buyers, the process cannot move forward until you disclose your name and location. By using an intermediary, there is a buffer between the business identity and the buyer until the buyer has been qualified and signs a confidentiality agreement.
We can match you with a buyer for your business for sale in Omaha without the general public, your employees, your customers or your competitors knowing until you decide to inform them. No one needs to know that your business in on the market except you and a few select Financially Qualified Buyers.