Providing Secretive Info When Selling
Demonstrating information like tax returns and bank statements is sort of a prerequisite when selling a business.
However, you want to hold back a lot of info when you are selling the business.
You want to wait until due diligence period.
Generally, we don’t send a lot of secretive info until there is an LOI in place.
That LOI can carry a deposit dependent on business size, with an exclusivity clause, and a timeframe to close.
The more serious the buyer, the more he wants exclusive rights, and the more he is willing to pay for those exclusive rights.
Regardless, you want to make sure you provide everything the buyer needs to close.
Bank statements and tax returns are a wonderful way to get a buyer excited about the business.
They will see cash flow.
You want them to see great cash flow.
You want them to see the highlights and positives.
Make sure you black out any Social Security Numbers and Bank Account Numbers on any documents before providing them to the buyer.
Sometimes the buyer will request information on the actual orders.
Make sure you black out any customer names and contact info before you provide them to the buyer, if they request info on orders.
Please reach out to us if you have any questions relating to acquisitions:
Email – [email protected]
Phone – (800) 773-1523
Simply engage us below to get started whether it comes to bringing you qualified buyers where we list your business for maximal value or engaging us to bring qualified and vetted businesses that match your exact target criteria such as industry and EBITDA multiple if you are buying a business:
Buyer-Side Engagement – Retain Us to Provide you with Qualified and Vetted Businesses that Match Your Target Criteria
Seller-Side Engagement – Retain Us to List Your Business and Bring Legitimate Buyers to the Table
- business bank statements during due diligence
- providing due diligence documents
- providing information to a buyer
- send tax returns to buyer
Leader in Acquisitions with Expertise in Representing Sellers & Buyers on Deals
Jarbly is a leader in acquisitions with expertise in helping with listings, negotiations, LOI's, asset purchases, company purchases, and real estate purchases. JARBLY has access to high net worth individuals if you are on the sell-side and businesses that may be of interest to you if you are on the buy-side.
- Phone: (800) 773-1523
- Email: [email protected]