We ask all interested buyers to complete and sign a Non-Disclosure Agreement and basic Buyer Financial Statement. We do this to ensure that those buyers who we share our client's confidential information with (tax returns, financial data, market position, etc.) understand that they should not violate their promise to keep this information, including the fact that the business is for sale, private and confidential. We also want to ensure that we are working with buyers who have the financial ability to close on a transaction. Unlike buying a house, banks tend not to provide significant bank loans to finance a business purchase. Therefore, a buyer needs to have the financial capability to both pay for the business and to have sufficient operational working capital to successfully run the business after the purchase. Ensuring financial capability up front avoids wasting either your time or the seller's.
Our goal is to provide a business buyer with accurate and quality information about a business we have for sale. We provide a detailed Confidential Business Profile of the businesses we are selling with the intent of answering most of the important questions a buyer might have. In addition, we will always be happy to address any questions a buyer has, and to have the business seller (our client) provide information in a accurate and timely manner. If a buyer finds any information we present to be confusing, we encourage them to bring this to our intention so we can resolve any issues.
A Note Regarding All Business for Sale Listings:
We do not do due diligence of a business we have listed for sale, nor do we warrant or guaranty any business information on this website or in our business profiles, as we are only a conduit of this information from the seller to the buyer. As such, we strongly recommend that business buyers and their advisors (attorneys, accountants, tax preparers, etc.) conduct a complete and detailed due diligence of any business they are interested in buying (including the ones we are representing the sale of) to ensure that all the information is complete and accurate, and does not fail to disclose any material information about the business. While we attempt to keep the information we provide current and up-to-date, it is up to the buyer to ensure that they are provided with all information they need.