They say in real estate, the three most important things are location, location, location. When selling your business, the three most important things are confidentiality, confidentiality, confidentiality.
Why should you be concerned about confidentiality?
For many businesses, it is important that the wrong people do not find out the business is for sale. It can greatly damage your business if your customers, employees, suppliers, competitors or even your bankers find out the business is for sale.
It can make your customers wonder if their orders will be filled, if you will stand behind your work, if you will honor the warranty,
It can make your employees questions their job security.
It can make your suppliers wonder if they will be paid, if they should extend you credit, or if they will be losing the account.
It can make your competitors call on your best accounts, telling them you are for sale, and since they will be doing business with someone new in the future anyway, why not give them a shot.
It can make your bankers wonder if you will meet your obligation, whether they should renew your line of credit or call your outstanding loans.
Global Business Exchange markets business opportunities in a confidential way. We do not advertise business names or even exact locations. All buyers are required to sign Non-disclosure agreements before we present a business opportunity to them. We also gather commercial and financial information about the buyer so we can determine whether they are in a business that is a competitor (or supplier) of the business we are marketing. This allows the business owner to decide whether to release information to a potential competitor or not.
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