Why do I need to sign a confidentiality agreement?
The sale of an established business is very confidential. If employees, customers, and/or vendors know that the business is for sale, it could hurt the business. Before you can see details about a business or have the address of a business for sale, you must sign a confidentiality agreement.
What am I agreeing to when I sign the confidentiality agreement?
When you sign the confidentiality agreement, you are promising that you will not go to the business and disclose yourself as a buyer to employees, current owners, customers, and/or vendors. You agree to go through the broker for all discussions about the business. You also agree that you will not take information learned about the business to start your own competing business.
What are the advantages of buying an existing business?
- Ease of Investigation
- Purchase Price Differences
- Flexibility In Negotiating
- Financial History
- Proven Products & Services
- Platform to Build Upon
- Existing Customer Base
- Employees already trained and in place
How can a business broker/franchise consultant help me?
Working with a business broker or franchise consultant is beneficial to you as a buyer because we can help you find the right fit in business ownership and guide you through the process of buying a business.