Confidentiality is one of the most important issues surrounding a business sale. Sound working relations with employees, customers, suppliers, and bankers are important factors to a company. Any premature indication of a possible change in ownership could disrupt these relations and weaken the company’s competitive position. For these reasons confidentiality is critically important at all stages in the process of selling a business. With the proper procedures, it is possible to minimize the risk of an untimely disclosure.
In every transaction there is an appropriate time to reveal that a sale may be imminent. Proper timing of these sensitive announcements can contribute to a smooth transaction.
CBB’s systematic methodology protects the business owner’s anonymity and helps to ensure that information is kept confidential throughout the entire process until it is appropriate to reveal that a sale is forthcoming.