Forms and Resources
We understand that protecting your confidentiality is of vital importance!
Sellers don’t want anyone to know their business is for sale besides their spouse, their attorney and their CPA. We at VR Business Brokers adamantly agree! Maintaining solid working relations with employees, customers, suppliers, vendors, landlords and bankers are vital to the continuing success of any business.
Any premature hint of a possible change in ownership could disrupt these relationships and possibly negatively impact the value of the business.
VR strives to maintain strict confidentiality until the time is right to reveal selectively and over time that the business has changed hands.
We use a proprietary Confidential and Non-Disclosure Agreement (NDA) with each potential buyer that protects the business owner from word leaking out that his or her business is for sale.
Our NDA includes a non-compete clause that also protects the business owner from sharing confidential information to a potential buyer only to have that potential buyer decide not to buy the business but to start a competing business instead.
The sale of an on-going business is very confidential in nature for the parties involved. The seller desires not to alert the employees, landlord and customers to any potential sale until the time is appropriate. Therefore all inquires, documents, financials, personal information are always held in strict confidence then destroyed in a timely manner.
One of the most important aspects of the sale of a business is confidentiality. Sellers demand a Non-Disclosure Agreement from each and every potential Buyer prior to exposing the business name and location. Additionally, it helps Brokers to know the Buyer in order to assist them in the business search and potential financing.