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Information for sellers
Thank you for visiting our section for current business owners, designed to help potential sellers navigate the complex process of selling a business. Premier Business Advisors is happy to provide the following summary information as a guide in preparing for a sale of your business.
Reasons to Sell Through a Professional Intermediary:
Maintain strictest confidentiality: No potential buyer need ever know the owner/company identity until necessary. No company names or locations revealed unless necessary non-disclosures have been signed and the buyer qualified.
Create buyer competition = highest price/best offer
Allow the owner to continue to run business with minimal distraction
Keeping your business sale confidential
For sellers, maintaining the confidentiality of their business sale is very important. This is one of the main reasons our clients sell their businesses with us rather than on their own. It’s very difficult to keep a sale confidential from employees and customers if the business owner sells it themselves. Fielding inquiries, screening buyers, and negotiating terms can quickly become very “public” activity while you’re running your business.
By having Premier represent you, we can maintain the confidentiality of your sale in several ways:
- Your business is marketed anonymously on websites and through other marketing material. We will refer to your business and location in generalizations
- Buyers respond to the blind summaries by providing us with a Non-Disclosure Agreement, Buyer Questionnaire, and Financial Statement.
- Once we have qualified the buyer and established that they are capable of buying the business, we provide them with the name and location of your business as well as a comprehensive Confidential Business Review.
- We conduct all meetings between you and the buyer either in our office, or at your location outside of normal business hours so employees and customers are not present.
- Call us now to discuss the confidential sale of your business.
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