When we sit down with a new seller and begin to discuss their situation and the exit goals they have, one of their main concerns usually has to do with the confidentiality of their sale and the best way to sell a business. The seller may be nervous that they could lose customers or employees if they hear they plan to sell. Some sellers have concerns over competitors finding out their trade secrets. Whatever the reason may be, Transworld truly understands this concern and has processes in place to ensure that all sales are kept confidential. Maintaining confidentiality during the sale of a business is critical to a successful sale and the continued success of the business. So from the initial meeting between a broker and a seller all the way through closing, Transworld works hard to maintain confidentiality in a few ways:
- All meetings with your broker will be kept confidential and can always be held at your broker's office away from anyone associated with your business.
- All businesses are marketed through blind ads, which provide a brief description of the business without ever mentioning its actual name or specific location.
- All buyers interested in your business must sign a non-disclosure agreement (NDA) to be able to view information about the business beyond its blind ad. These NDA?s are legally binding and require buyers to hold all information received in strict confidence or face legal action.
- All details of your business sale are moved through your broker, once a deal is reached, allowing the final negotiations, contract, and closing to be handled in strict confidence as well.
At Transworld Business Advisors, our brokers are all licensed real estate agents, members of CABI (Colorado Association of Business Intermediaries) and the IBBA (International Business Brokers Association) and have pledged to maintain high standards of professionalism in serving their clients. For more information on how Transworld conducts business, we invite you to schedule a complimentary consultation with a member of our brokerage team today.
Rachael Holstein joined the Transworld Team in 2016 as Marketing Coordinator. Her working experience has been largely focused on Business Development and Marketing in the finance, architecture, property management, and information technology industries. A longtime resident of Cleveland, Ohio, she attained her Undergrad from John Carroll University and a Master's Degree in Global Interactions from Cleveland State University. She relocated to Denver in 2013 for a change of scenery and a bit of adventure.