The Importance of Confidentiality
Confidentiality at all times – before, during and after the sales process – is the most important ingredient in the successful sale of an existing business.
So much can depend on confidentiality. Sound working relations with employees, customers, suppliers, and bankers are important factors to a company. Any premature sign of a possible change in ownership could disrupt these relations and weaken the company’s competitive position. For these reasons – and many others – confidentiality is critically important at all stages. With the proper procedures, it is possible to minimize the risk of an untimely disclosure. Using us to sell your business ensures that a professional business broker will be handling your transaction under strict confidentiality. We discreetly find sellers and connect them with qualified buyers. We sell businesses with a stringent code of ethics.
In most cases, we don’t list publicly on MLS for everyone to find. Businesses have employees, customers, competition, and possibly landlords and creditors who will be affected. Revealing a sale prematurely could permanently harm the business being sold.
Ensuring potential buyers keep all information confidential is paramount. We have our pre-qualified buyers sign serious confidentiality agreements. Failure to adhere to the terms will almost surely result in a court appearance and likely result in a hefty monetary penalty.